Retirement Blog

Friday, December 2, 2011 3:25 pm
By Barbara Whelehan · Bankrate.com

No doubt you heard that American Airlines’ parent company, AMR, filed for bankruptcy earlier this week. But is it true its underfunded pensions are the main reason behind the filing? That was the question raised in a story appearing on ai-cio.com, an industry publication for institutional investors. It appears that the company is carrying too

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Thursday, December 1, 2011 1:44 pm
By Jennie L. Phipps · Bankrate.com

Taking a hard look at your 401(k) is a great end-of-the-year retirement-planning step. Review your bottom line. Are you on target to have an adequate amount of savings on your preferred retirement date? If not, now is the time to take action. Increase your savings rate. Very few of us are saving too much. Even

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Wednesday, November 30, 2011 3:29 pm
By Jennie L. Phipps · Bankrate.com

Starting a third career in your 60s is a daunting prospect. But Merilee Griffin, a former high school English and social studies teacher in Lansing, Mich., has practice. She took early retirement from the public school system and went into the public relations business, then she  returned to Michigan State to earn a Ph.D. Her

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Tuesday, November 29, 2011 11:48 pm
By Jennie L. Phipps · Bankrate.com

Companies that make a profit off of providing investment advice are looking hungrily for ways to persuade people involved in retirement planning to turn to them for advice. While they’d like to grab customers who are really affluent, they are also finding ways to sell their services to what is known as the Mass Affluent

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Monday, November 28, 2011 4:36 pm
By Jennie L. Phipps · Bankrate.com

The Securities and Exchange Commission has released a very straight-forward and useful guide to retirement planning scams. If you are within shouting distance of retirement, chances are you’ve been approached by someone promising you the moon. Probably, you’ve been smart enough to say no and run the other direction. But the scammers get better all

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Sunday, November 27, 2011 6:00 am
By Jennie L. Phipps · Bankrate.com

Former Speaker of the House and current Presidential hopeful Newt Gingrich created a storm last week when he suggested that young people should be allowed to bypass traditional Social Security in favor of private investment retirement accounts. Under Gingrich’s plan, the employer share of Social Security would go to pay benefits for current employees, but

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Thursday, November 24, 2011 6:00 am
By Jennie L. Phipps · Bankrate.com

I’ve given up cooking Thanksgiving dinner. My daughter is hosting. I’m making gravy because nobody else has yet mastered how to get it just right. The best thing about getting old is being able to do what you want — at least some of the time. I keep thinking about that as my husband and

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Wednesday, November 23, 2011 10:16 am
By Jennie L. Phipps · Bankrate.com

Pennsylvania retirement planner Daniel White points out this startling retirement planning calculation: He says that in 2000, the average Social Security benefit was $840 per month. To make an equivalent amount of money outside of Social Security – $10,080 per year — a saver who put his money in five-year Treasuries earning the going rate

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Tuesday, November 22, 2011 4:41 pm
By Jennie L. Phipps · Bankrate.com

As of 10 days ago, 66 percent of Fidelity Investments, more than 500,000 IRA customers, who are required by the IRS to take minimum distributions from their retirement accounts for tax year 2011 have not yet taken the full amount. About 55 percent haven’t taken any. Fidelity blames this oversight on market volatility and confusion

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Monday, November 21, 2011 3:11 pm
By Jennie L. Phipps · Bankrate.com

I took my first newspaper job 39 years ago this week — hired sight unseen by the city editor for the Sun Sentinel and now-defunct Fort Lauderdale News on the recommendation of a professor at The Ohio State University. One of my first assignments was interviewing everybody in the Fort Lauderdale area who turned 100.

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