Retirement Blog

Wednesday, March 7, 2012 3:03 pm
By Jennie L. Phipps · Bankrate.com

If you’re maxing out your 401(k) — getting every penny of the available employer match — you might want to consider opening an individual retirement account. Or better yet, if you don’t make too much money, save in a Roth 401(k), says Doug Zarookian, manager of  Charles Schwab’s Park Avenue office in New York. Zarookian

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Tuesday, March 6, 2012 6:00 am
By Jennie L. Phipps · Bankrate.com

In honor of Older Americans Month, the U.S. Census Bureau sent out a host of facts and figures about people age 65 and older. Here are six of the most significant for people doing some retirement planning. We’re big and getting bigger. In 2010, there were 40.3 million people in the U.S. who were 65

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Monday, March 5, 2012 10:00 am
By Barbara Whelehan · Bankrate.com

In Friday’s blog post, called “Averting retirement disaster,” I described the risk-averse approach to retirement planning that Erin Botsford writes about in her book, “The Big Retirement Risk: Running Out of Money Before You Run Out of Time.” I’ll reiterate: It’s a must-read for those who are approaching retirement. If you don’t want to subject

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Friday, March 2, 2012 6:00 pm
By Barbara Whelehan · Bankrate.com

Employers who offer traditional pension plans worry about risk. In fact, they ranked 18 risks in order of importance in the MetLife U.S. Pension Risk Behavior Index released this week. The top three risks were underfunding of liabilities, asset and liability mismatch, and asset allocation. According to the study, employers “no longer believe they can

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Thursday, March 1, 2012 4:25 pm
By Jennie L. Phipps · Bankrate.com

“Flashing the cash” makes you vulnerable to theft, and that’s especially true of baby boomers with healthy nest eggs. The Securities and Exchange Commission, or SEC, reported that it had filed a record 146 financial-fraud enforcement actions in 2011 against investment advisers and companies. That’s an increase of 35 percent in just three years. The

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Wednesday, February 29, 2012 6:14 pm
By Jennie L. Phipps · Bankrate.com

Home is where the money is for many middle-income people who are struggling with retirement planning. While many boomers don’t have big retirement savings funds and their pensions are skimpy or non-existent, even after the real estate meltdown, their homes are still a big asset. The National Council on Aging has set up a website,

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Tuesday, February 28, 2012 4:44 pm
By Jennie L. Phipps · Bankrate.com

The Great Recession had a significant effect on many people’s retirement planning, but Barry Bosworth, a senior fellow with the Brookings Institution, says it’s probably not the effect you might have thought it was. He has examined a variety of economic studies about the downturn and concluded that for most people older than 50, losing

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Monday, February 27, 2012 2:08 pm
By Jennie L. Phipps · Bankrate.com

Every time I write about annuities or other retirement planning tools that require people to turn over a chunk of their retirement savings in exchange for guaranteed income, a substantial number of readers respond vociferously, writing me things like, “Heck, no. Don’t even talk about it. We’re not interested.” So given that, I was surprised

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Sunday, February 26, 2012 6:00 am
By Jennie L. Phipps · Bankrate.com

I talked to a young friend the other day — one who was just about to celebrate his 30th birthday. He was complaining about feeling old. I laughed at him because he just doesn’t know what feeling old is. When I was 30, I thought I’d be young forever. It wasn’t until just a few

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Friday, February 24, 2012 6:00 pm
By Barbara Whelehan · Bankrate.com

Nine out of 10 investors in target date funds would like their investments to provide stronger protection against market losses in the years nearing and in retirement, according to a new study by ING Investment Management. That’s understandable. People don’t want to lose a lot of money just as they need to tap it for

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