Retirement Blog

Tuesday, April 19, 2011 3:13 pm
By Jennie L. Phipps · Bankrate.com

Have you given much thought to leaving money to your grown children? A retirement planning study released today by U.S. Trust, Bank of America Private Wealth Management, which offers wealth management for high-net-worth clients — people with at least $3 million in assets to be managed — found that this group of mostly boomers isn’t

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Monday, April 18, 2011 4:20 pm
By Jennie L. Phipps · Bankrate.com

I mailed off my income tax payment this morning. Because I’m self-employed, I also have to pay a substantial amount of Social Security taxes — the worker’s and the employer’s shares. It’s always a big ouch in April when I write the check and settle up. I never feel more ready to embrace retirement than

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Sunday, April 17, 2011 10:00 am
By Jennie L. Phipps · Bankrate.com

Investments that keep a retirement nest egg safe are tough to find these days. Even municipal bonds, which have been the bedrock of many people’s portfolio for years, are looking shaky these days. I wrote this week about the threat that governments won’t be able to cover their deficits or meet their pension obligations. This

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Friday, April 15, 2011 3:10 pm
By Barbara Whelehan · Bankrate.com

We are in the middle of National Financial Literacy Month and at the end of National Retirement Planning Week. That makes it a great time to take stock of your progress. This holds true for everyone, but especially for women. Why’s that? Women are often at a disadvantage compared to their male counterparts. They tend

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Thursday, April 14, 2011 3:21 pm
By Jennie L. Phipps · Bankrate.com

Saving for retirement when you don’t make much money can be a terrible burden, but a recent analysis of economic information commissioned by the nonprofit Wider Opportunities for Women showed why making the sacrifice and having the fortitude to commit to regular savings is a retirement planning necessity. The study starts with the calculation from

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Wednesday, April 13, 2011 3:43 pm
By Jennie L. Phipps · Bankrate.com

When it comes to retirement planning, African-Americans have some different attitudes and challenges compared to other segments of the population of a similar age and circumstance, according to a study released today by Prudential Financial. The study polled 1,500 African-Americans who consider themselves family financial decision-makers. About 60 percent had annual incomes greater than $50,000.

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Tuesday, April 12, 2011 1:14 pm
By Jennie L. Phipps · Bankrate.com

If the thought of delaying retirement depresses you, try thinking about retirement planning differently. If you’re 60 and you’ve saved at least four times your salary, then Christine Fahlund, senior financial planner at T. Rowe Price, suggests that you continue to work but stop saving, and then use the money you would have saved to

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Monday, April 11, 2011 3:52 pm
By Jennie L. Phipps · Bankrate.com

Starting a business in retirement has lots of advantages from an income as well as a tax standpoint. One of the options worth considering is buying a franchise because you don’t have to start from scratch. The business basics are already in place. A franchise broker like David Goldbaum of Franchise-Economics.com makes his living selling

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Sunday, April 10, 2011 10:00 am
By Jennie L. Phipps · Bankrate.com

Retirement sounds good, but when faced with the reality of hanging up their  work boots, many of us are too busy to embrace the prospect of life without a job. Sixty-five-year-old Lakers Coach Phil Jackson told the Los Angeles Times on Friday that he was ready to quit. He called professional sports an “unhealthy lifestyle”

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Friday, April 8, 2011 3:52 pm
By Barbara Whelehan · Bankrate.com

My recent post about federal pension benefits sparked some heated comments from public and private sector workers. It’s a good thing we weren’t all in the same room or a riot may have ensued! Some of you made excellent observations, but I was chagrined at the level of hostility displayed by other contributors. Some folks

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