Personal Finance Advice and Commentary

Tuesday, March 18, 2014 3:51 pm
By Jennie L. Phipps · Bankrate.com

About 82 percent of people with household incomes above $75,000 annually feel confident about retirement.

Friday, February 28, 2014 2:04 pm
By Barbara Whelehan · Bankrate.com

Let America Saves Week spur you to set aside a portion of your income for the future.

Wednesday, January 22, 2014 3:58 pm
By Jennie L. Phipps · Bankrate.com

If you save steadfastly in your 401(k) and the bottom doesn’t fall out of Social Security, you ought to be all right in retirement.

Thursday, October 10, 2013 10:05 am
By Jennie L. Phipps · Bankrate.com

Odds are you’ll need $360,000 for health care in retirement, but maybe you’ll get lucky.

Monday, June 10, 2013 5:07 pm
By Jennie L. Phipps · Bankrate.com

A new study by Interest.com shows that most retiree households can’t replace 70 to 80 percent of their pre-retiree income. But another study suggests it may not be necessary to do that.

Tuesday, March 19, 2013 2:13 pm
By Jennie L. Phipps · Bankrate.com

Retirement confidence is at a low ebb, but saving enough to stop working isn’t impossible.

Tuesday, July 17, 2012 4:15 pm
By Jennie L. Phipps · Bankrate.com

It costs an average of 20 percent less to live in retirement, according to an analysis of a government survey of people ages 65 and older.

Tuesday, March 13, 2012 4:25 pm
By Jennie L. Phipps · Bankrate.com

Only 14 percent of Americans are very confident that they will have enough money to retire and live comfortably, according to the 22nd annual Employee Benefit Research Institute’s Retirement Confidence Survey released today.

This number hasn’t changed since 2009 when a host of people not too far from retirement lost their jobs. According to the survey, 42 percent see uncertainty over whether they will have a job as their most pressing economic issue.

The survey also emphasizes that many Americans haven’t saved much for retirement. Some 60 percent of workers say — not counting the value of their homes and any old-fashioned defined-benefit pensions they may expect — their savings total less than $25,000.

Tuesday, July 12, 2011 2:18 pm
By Jennie L. Phipps · Bankrate.com

With the U.S. Congress down to the nitty-gritty of deficit reduction, the nonpartisan Employee Benefit Research Institute took another look at suggestions to cap tax-advantaged contributions to 401(k)s and other retirement plans to the lower of $20,000 or 20 percent of income. We’ve talked about that, and it’s clear that most people here think it’s