Workers need retirement income education so they have their finances in line for retirement.
Retirees should get past the idea that they should never touch principal.
A report points out that from 2007 to 2010, retirement risk jumped 9 percentage points.
For investors just learning about investing in their 401(k)s, getting started can be confusing.
Financial advisers say they need more education on retirement income planning. So where do we go for help?
The financial industry seems bent on shaming Americans about their retirement readiness — or lack thereof. About a half-dozen new retirement surveys were released this week alone. Fellow retirement blogger Jennie Phipps wrote about one by Ameriprise Financial yesterday and another by Wells Fargo on Wednesday, the latter of which revealed that a quarter of
What would you prefer: A financial product providing a 4 percent return guaranteed not to lose value? Or would you rather invest in a product with an 8 percent return that is subject to the whims of the market and may lose principal as a result? Three out of four Americans (76 percent) voted for
What’s worse? Dying young, or living well into a second century? Without question, the latter scenario presents a retirement planning conundrum. Last week, on April 14, Walter Breuning of Montana passed away. He had the distinction of being the world’s oldest man at age 114. His philosophy was to embrace change, according to a wonderful
At a recent editorial meeting here at Bankrate, one of my colleagues suggested we run a story challenging the rule that retirees withdraw no more than 4 percent from their portfolios during retirement. It seemed to him that the rule was too rigid and not applicable in every situation. For example, if a retiree’s portfolio
Minneapolis tops the list of the nation’s 30 largest metropolitan areas in terms of retirement readiness, according to a retirement planning survey released today by Ameriprise Financial. The survey measured the likelihood of residents in each metro area to have considered how much money they’ll need to save for retirement and how effective they say