Personal Finance Advice and Commentary

Tuesday, October 14, 2014 5:17 pm
By Jennie L. Phipps · Bankrate.com

The U.S. fell to No. 13 among 25 nations that have retirement plans. Here are five suggestions for putting our system back in the top half.

Thursday, November 28, 2013 6:00 am
By Jennie L. Phipps · Bankrate.com

Having a safety net under us in our old age is a blessing.

Tuesday, January 15, 2013 4:15 pm
By Jennie L. Phipps · Bankrate.com

If you forgot about a pension benefit from a former employer, the PBGC could be looking for you.

Friday, August 03, 2012 5:00 pm
By Barbara Whelehan · Bankrate.com

There’s no question America is suffering from a retirement crisis. Some big names in retirement policy offer creative solutions.

Thursday, August 02, 2012 5:33 pm
By Jennie L. Phipps · Bankrate.com

Given a choice between taking a pension or a lump sum, think hard before you give up the promise of income for life.

Monday, June 04, 2012 4:20 pm
By Jennie L. Phipps · Bankrate.com

Last week, General Motors followed Ford Motor Co. in offering retirees with a monthly pension payment a lump-sum buyout.

Tuesday, January 31, 2012 3:33 pm
By Jennie L. Phipps · Bankrate.com

Hurray for the Pension Benefit Guaranty Corp., the federal pension insurance agency that protects consumers from losing their corporate pensions. The PBGC  isn’t rolling over and accepting bankrupt American Airline’s move to dump its pension obligations on the PBGC. Instead, the PBGC filed liens today against American Airlines after the airline failed to make all

Thursday, January 05, 2012 2:11 pm
By Jennie L. Phipps · Bankrate.com

For many people who are employed in public service jobs, this year’s retirement planning dilemma is the downsizing of retirement benefits. These cuts usually don’t affect people already retired or retiring soon — although reductions in interest rates and inflation adjustments may. For some public employees close to retirement age, retiring right away will net

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

Wednesday, June 15, 2011 2:20 pm
By Jennie L. Phipps · Bankrate.com

Here’s how to make a boomer happy. Let him or her celebrate a 62nd birthday, draw Social Security and still keep working at full pay. Unfortunately, the system doesn’t work that way. Today, people who are between 62 and full retirement age — 65 or 66, depending on their age — can claim Social Security, but if

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