Personal Finance Advice and Commentary

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.

Friday, November 26, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

Thursday — before Thanksgiving dinner — I read the results of a survey of Canadians that concluded they were better prepared financially for retirement than they were emotionally. The survey by Investors Group concluded that: Only 20 percent of working Canadians 45 years and older have a strong commitment to activities outside of work. 30

Thursday, August 19, 2010 3:20 pm
By Jennie L. Phipps · Bankrate.com

The necessities of retirement life that boomers identify are much more luxurious than previous generations enjoyed, according to a study by MainStay Investments, an arm of New York Life. The retirement planning study asked the opinions of 1,049 employed boomers age 45 to 65, with a total of $100,000 or more of investable liquid assets

Wednesday, August 11, 2010 5:00 pm
By Jennie L. Phipps · Bankrate.com

Lots of retirement planning went awry in 2007 and 2008 when the nation’s financial system went haywire. But investment giant Vanguard reported today in their annual analysis of defined contribution plans, “How America Saves 2010,” that among the 3.2 million 401(k) retirement plans it manages, 66 percent of savers participating since 2007 had higher account

Friday, August 06, 2010 1:50 pm
By Barbara Whelehan · Bankrate.com

A new report on “Retirement Income Adequacy” released by the Employee Benefit Research Institute says, among other things, that nearly one-half of baby boomers between the ages of 56 and 62 are at risk of running short of money during retirement. Yup, I’m at risk despite all my best retirement planning efforts. Desperate times call

Wednesday, August 04, 2010 2:47 pm
By Jennie L. Phipps · Bankrate.com

When I was 25 years old, I was way too busy thinking about beer and boys to worry about retiring. But the world and retirement planning have apparently changed. The Canadian-based market research firm Ipsos.com, found that 46 percent of young adults between the ages of 25 and 34 are already concerned about not having enough

Sunday, August 01, 2010 10:30 am
By Jennie L. Phipps · Bankrate.com

We’re not the only country in the world struggling with retirement planning and facing a dilemma over how to fund programs like Social Security. Britain announced Friday that it would eliminate mandatory retirement at 65. The government said that the change was designed to give people more choice, but cynics pointed out that in January

Tuesday, July 27, 2010 3:10 pm
By Jennie L. Phipps · Bankrate.com

One of the characteristics that separate boomers and their retirement planning from that of generations older than they are and the Gen Xers that follow is the experience of having done everything throughout their lives in a crowd. In my case, there were 50 kids in my elementary school classes and 60,000 students on the main

Sunday, July 25, 2010 10:30 am
By Jennie L. Phipps · Bankrate.com

My husband and I have never been good at telling our kids no. Even now, as we near retirement and  they are adults with paychecks and families of their own, when they ask for help or we see them struggle, we pull out our wallets. A recent survey from MetLife Research shows that we aren’t

Friday, July 23, 2010 3:25 pm
By Barbara Whelehan · Bankrate.com

A new study released by the Center for Retirement Research at Boston College finds that middle-age adults make fewer financial mistakes than younger or older people. This in and of itself isn’t alarming news. Our “fluid intelligence,” or our ability to tackle new tasks, involves working memory, reasoning, spatial visualization and cognitive processing speed, according

Page 1 of 212