Retirement Blog

Tuesday, July 26, 2011 1:29 pm
By Jennie L. Phipps · Bankrate.com

While Congress proposes to fiddle with Social Security, Jerry Golden, an actuary and widely recognized expert in annuities — which is what Social Security really is — has come up with a plan to save money painlessly. Golden believes that as the population grows and the boomer generation passes on, Social Security’s funding problems will

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Monday, July 25, 2011 1:18 pm
By Jennie L. Phipps · Bankrate.com

Even though the U.S. unemployment rate is still about 9.2 percent overall, a study by The Hartford insurance company found that among households with incomes greater than $25,000, people are feeling more optimistic and saving more for retirement than they were a year ago. About 34 percent of people surveyed said they were “extremely confident”

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Sunday, July 24, 2011 7:00 am
By Jennie L. Phipps · Bankrate.com

My husband and I loaded up our boat, the Original Six, this weekend and we’re spending 10 days on Lake Erie. It’s the first vacation longer than a four-day weekend that we’ve had in 10 years. Both of us like to work. Plus, my husband has had a job that was endlessly demanding — lots

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Friday, July 22, 2011 4:00 pm
By Barbara Whelehan · Bankrate.com

It’s hard to keep up with Washington’s progress (or lack thereof) on talks about the debt ceiling limit, so I asked Bankrate’s tax blogger Kay Bell for the latest news. She said the meeting is down to two people at the moment: President Barack Obama and House Speaker John Boehner (R-Ohio). I asked her if

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Thursday, July 21, 2011 2:57 pm
By Jennie L. Phipps · Bankrate.com

Keeping up financially with our retired parents could prove to be an impossible challenge for many Americans, especially as we swallow the reforms that will help the country avoid default. Look at it this way, let’s say your parents have a $40,000 per year pension — not an unusual, or even particularly generous, number for many

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Wednesday, July 20, 2011 3:59 pm
By Jennie L. Phipps · Bankrate.com

Gay couples who say “I do” in New York and the five other states that have legalized same-sex marriage should also quickly consider retirement planning, because the financial implications of a same-sex partnership are more complex than they are for conventional marriages. Anna Pfaehler, a CFP with Palisades Hudson Financial Group in Scarsdale, N.Y., offers

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Tuesday, July 19, 2011 3:21 pm
By Jennie L. Phipps · Bankrate.com

If you are diagnosed with Alzheimer’s during your retirement, the cost per year for your care beyond what Medicare covers is likely to be well over $100,000 — even if you rely on family and friends during the early stages of the disease, according to the Alzheimer’s Association, which is holding its annual conference in Paris

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Monday, July 18, 2011 3:30 pm
By Jennie L. Phipps · Bankrate.com

Getting your adult children to think about their own retirement savings plans is an uphill battle — particularly in this lousy economy. But longevity could make it in your best interest to push them on the point. You don’t want to be 80 years old and scraping together money to help your 60-year-old child cope

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Sunday, July 17, 2011 7:00 am
By Jennie L. Phipps · Bankrate.com

Any congressional assault on 401(k)s in the name of deficit reduction seems particularly shortsighted as 72 million baby boomers rush toward retirement without much savings. Talk about the potential for economic meltdown. Fidelity Investments, which manages 401(k)s for 11 million workers, recently surveyed them about their retirement planning and discovered that 55 percent wouldn’t be

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Friday, July 15, 2011 2:58 pm
By Barbara Whelehan · Bankrate.com

To ensure financial peace of mind, you need to accumulate as much wealth as possible, right? The two ideas are inextricably entwined, I’ve always thought. But SunAmerica’s recent poll segregated the two concepts and asked people age 55 and older which of the two more closely described their financial goals. Most of them — 82

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