Retirement Blog

Thursday, July 15, 2010 4:48 pm
By Jennie L. Phipps · Bankrate.com

My husband and I paid our long-term care insurance this week, and I nearly fainted when I saw the bill. For the two of us — I’m 59 and he’s 64 — we paid almost $3,500. In my book, that’s a lot for a year’s worth of insurance — especially for two people who are

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Wednesday, July 14, 2010 1:59 pm
By Jennie L. Phipps · Bankrate.com

Periodically, the Employee Benefit Research Institute, a think tank, puts out some report about how retirement incomes are going to be too low or health care costs  too high for retirees. The message seems to be that because of poor retirement planning, most of us are going to be living in cardboard boxes before all

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Tuesday, July 13, 2010 2:06 pm
By Jennie L. Phipps · Bankrate.com

Before you turn over your retirement savings to an investment adviser, hammer out a retirement plan that confirms the kinds of investments you are interested in making and the level of risk you are willing to take. Fort Lauderdale, Fla., securities fraud attorney Mark A. Tepper has made a career out of representing people who

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Tuesday, July 13, 2010 9:18 am
By Jennie L. Phipps · Bankrate.com

Rocker and TV personality Ozzy Osbourne, who is currently on his annual Ozzfest tour, told FHM magazine that he tried retirement and “it was absolutely boring.” “You can’t go and say, ‘I’m retired now. That’s it!’ It won’t take long and you’re really gone for good and someone throws the last shovel of dirt on

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Sunday, July 11, 2010 10:30 am
By Jennie L. Phipps · Bankrate.com

The International Monetary Fund on Thursday scolded the United States about its debt level and – among other things — recommended cutting Social Security. That’s easy for them to say since they don’t have to run for office or deal with the reality that 26 percent of retirees depend solely on Social Security. The National Center

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Friday, July 9, 2010 2:17 pm
By Barbara Whelehan · Bankrate.com

Most people check their blood pressure on occasion to make sure it falls within normal ranges. But how often do we do a retirement readiness checkup to determine if we’ll have enough retirement income someday? Retirement-asset needs will vary dramatically, of course, depending on individual household needs, but it’s helpful to have some sort of

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Thursday, July 8, 2010 1:35 pm
By Jennie L. Phipps · Bankrate.com

If you are one of those employees who always finishes most years with more paid time off than you are able to use, a recent IRS ruling might let you turn your unused PTO into retirement savings. To make this work, your employer will have to agree and probably modify the company 401(k) plan so

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Wednesday, July 7, 2010 2:32 pm
By Jennie L. Phipps · Bankrate.com

Retirement planning paralyzes people. Some 61 percent of baby boomers say they fear outliving their money in retirement more than they fear death, according to a survey of 3,200 boomers by Allianz Life Insurance Co. But 31 percent said they don’t know what their expenses will be in retirement, and 36 percent have no idea

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Tuesday, July 6, 2010 2:58 pm
By Jennie L. Phipps · Bankrate.com

If you are 65 years old today and retired or contemplating retirement, the odds are 1-1 that you’ll live to be 85 – an even bet. If I were playing the ponies, I’d take that bet. But Jerry Miccolis, chief investment officer at Brinton Eaton and an actuary, says that many aging boomers faced with odds

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Friday, July 2, 2010 1:11 pm
By Barbara Whelehan · Bankrate.com

Would you like a guaranteed stream of income during retirement? Nearly three out of four Americans (73 percent) say yes, they would like to have a fixed-rate annuity available in their 401(k) plans, according to global research firm Ipsos. But another survey by Towers Watson shows that when a retirement income guarantee is actually offered in

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