Personal Finance Advice and Commentary

Monday, April 09, 2012 2:38 pm
By Jennie L. Phipps · Bankrate.com

Last week, I wrote about the early boomer rush to retirement.

According to a survey by MetLife, 45 percent of 65-year-old boomers are now fully retired, up from 19 percent in 2008. Another 14 percent say they are officially retired but working part time or seasonally. And of those who continue to work, 37 percent say they plan to retire in 2012.

I found these numbers surprising, but among the dozen or so people who commented, many understood perfectly why so many boomers are packing it in early. However you see it, this provides an interesting glimpse at retirement planning.

Thursday, December 02, 2010 4:54 pm
By Jennie L. Phipps · Bankrate.com

It’s hard for most of us to get a grip on how important it is to save for retirement, especially when retirement is 30 or 35 years away. Tom Totten, CEO of Nyhart, an actuarial and employee benefits consultancy based in Indianapolis, experimented with ways to get employees of one of his clients to understand why they