Retirement Blog

Monday, August 9, 2010 4:30 pm
By Jennie L. Phipps · Bankrate.com

My husband is closing in on 65, and we started investigating what Medicare will cost him. This aspect of retirement planning surprised me. Naively, I thought Medicare made health care a minor expense. Not true. Medicare comes in four parts. Most people get Part A, or hospital insurance, at no cost. Part B, which covers

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Sunday, August 8, 2010 10:30 am
By Jennie L. Phipps · Bankrate.com

I just turned 59 Friday. One more year to go before the Big 6-O. This milestone has me thinking about retirement and I’m pretty sure I’m not ready yet. My 50s have been great. My kids grew up just about the time this decade began. An editor once asked me to write about my personal

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Friday, August 6, 2010 1:50 pm
By Barbara Whelehan · Bankrate.com

A new report on “Retirement Income Adequacy” released by the Employee Benefit Research Institute says, among other things, that nearly one-half of baby boomers between the ages of 56 and 62 are at risk of running short of money during retirement. Yup, I’m at risk despite all my best retirement planning efforts. Desperate times call

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Thursday, August 5, 2010 3:41 pm
By Jennie L. Phipps · Bankrate.com

The annual report on the health of Social Security and Medicare was released today and the news was so-so, especially for younger people who are concerned about retirement planning. Medicare, which serves 46 million retirees and people with disabilities, will continue to be able to pay the bills — thanks to health care reform – until

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Wednesday, August 4, 2010 2:47 pm
By Jennie L. Phipps · Bankrate.com

When I was 25 years old, I was way too busy thinking about beer and boys to worry about retiring. But the world and retirement planning have apparently changed. The Canadian-based market research firm Ipsos.com, found that 46 percent of young adults between the ages of 25 and 34 are already concerned about not having enough

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Tuesday, August 3, 2010 2:41 pm
By Jennie L. Phipps · Bankrate.com

If you don’t have a will, now’s the time to make one. The U.S. Senate has been fiddling over the federal estate tax for the last year. Because they have been unable to act, the existing estate tax expired. This year there is no estate tax, but next year the estate tax is scheduled to

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Monday, August 2, 2010 3:56 pm
By Jennie L. Phipps · Bankrate.com

If you were born in 1947, Social Security has bad news for you and your retirement planning. Because of a peculiarity in the way Social Security is calculated, you are going to be shorted thousands of dollars’ worth of  retirement benefits — unless Congress fixes the new “notch.” Here’s the deal: According to the Center

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Sunday, August 1, 2010 10:30 am
By Jennie L. Phipps · Bankrate.com

We’re not the only country in the world struggling with retirement planning and facing a dilemma over how to fund programs like Social Security. Britain announced Friday that it would eliminate mandatory retirement at 65. The government said that the change was designed to give people more choice, but cynics pointed out that in January

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Friday, July 30, 2010 3:12 pm
By Barbara Whelehan · Bankrate.com

Have you ever dealt with a broker who foiled your retirement plans? Now’s your chance to tell an authority that is willing to listen. The Securities and Exchange Commission is soliciting public comments to evaluate whether broker-dealers should be held to the same standard as investment advisers. If you’re not aware that they are held

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Thursday, July 29, 2010 2:58 pm
By Jennie L. Phipps · Bankrate.com

My brother-in-law, who retired this month, called my accountant husband last night with a retirement planning question. He wanted to know whether to roll over his 401(k) into an individually managed IRA — or leave it with his former employer. My brother-in-law is a union member who took early retirement from a major communications corporation.

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