Retirement Blog

Friday, September 9, 2011 3:34 pm
By Barbara Whelehan · Bankrate.com

We’re always getting barraged by bad news about how ill-prepared we are for retirement as a nation. Well, here’s some relatively good news: Americans are on track to replace roughly 64 percent of their incomes in retirement. That takes into account current and future savings as well as Social Security, according to chartered financial analyst

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Thursday, September 8, 2011 3:49 pm
By Jennie L. Phipps · Bankrate.com

Estate planning is an important part of retirement planning. My mother-in-law died in January, and we’re still struggling with closing the estate. The holdup is her late husband’s life insurance policy. He died a couple of years before she fell ill, but she never claimed the proceeds of the policy — probably because it wasn’t

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Wednesday, September 7, 2011 4:02 pm
By Jennie L. Phipps · Bankrate.com

It’s hard to understand every aspect of  President Barack Obama’s complex health care reform plan and how it will effect all of us. But it seems clear that there are some aspects of it that provide important benefits to those of us doing retirement planning. If the Patient Protection and Affordable Care Act is repealed,

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Tuesday, September 6, 2011 4:34 pm
By Jennie L. Phipps · Bankrate.com

Solo 401(k)s are a great retirement planning tool for people who have self-employment income. You can save a tax-deferred $16,500 in 2011, or $22,000 if you’re at least 50 years old — or you can make it a Roth plan. Plus, as your own employer, in 2011, you can contribute the lesser of up to

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Monday, September 5, 2011 9:52 am
By Jennie L. Phipps · Bankrate.com

I just bought a new truck — it’s part of my retirement planning. It will pull a small fifth-wheel RV, which we hope to someday use to spend weekends at car races — one of my husband’s passions. In the meantime, I like driving a truck because I’m a gardener and putting mulch in a

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Sunday, September 4, 2011 9:06 am
By Jennie L. Phipps · Bankrate.com

This morning’s unemployment news — no new jobs at all in August — isn’t very good news for anyone contemplating retirement and it is apparently encouraging some on the verge of retirement to double dip. They are collecting unemployment — in some cases as long as 99 weeks — and also filing for Social Security.

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Thursday, September 1, 2011 2:00 pm
By Jennie L. Phipps · Bankrate.com

I’m enamored with economic and political guru Dean Baker’s new book, “The End of Loser Liberalism.” In it, he advocates for — among many other things — letting all of us save for retirement in the federal Thrift Savings Plan, or TSP, which is the government’s answer to 401(k)s. Baker points out that 401(k) management

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Wednesday, August 31, 2011 5:03 pm
By Jennie L. Phipps · Bankrate.com

Beginning in April, the Department of Labor is mandating that 401(k) plan sponsors disclose all fees and expenses associated with 401(k)s in an understandable, uniform way. The industry is scrambling to meet these requirements. When this regulation takes affect, 401(k) account holders should be able to see clearly what they’re paying in the direct and indirect

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Tuesday, August 30, 2011 11:11 pm
By Jennie L. Phipps · Bankrate.com

Finding and paying for satisfactory long-term care for older people, especially those with dementia or physical limitations is a serious retirement planning problem and one that is almost certainly going to get worse before it gets better. John Creighton Campbell, professor emeritus of political science at the University of Michigan and a visiting researcher at

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Monday, August 29, 2011 4:09 pm
By Jennie L. Phipps · Bankrate.com

My husband was listening to some presidential campaign rhetoric this weekend and after hearing an especially unsettling speech, said maybe we should put our retirement planning on hold until after the 2012 election. I don’t think that’s necessary, but I do think that irresponsible political blather doesn’t bode well for anybody’s retirement. Texas Gov. Rick

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