Month: January 2011
New Help for Figuring Retirement Savings
The AARP recently released a new retirement calculator aimed at making it easier to figure out how much people need to save for retirement, whether they are on track to retire when they want, what they can do to ensure a better retirement lifestyle or if they can retire earlier.
Should you tap retirement savings to pay down credit card debt?
You should avoid taking withdrawals or loans from a retirement plan if at all possible.
U.S. retirement system ranks 10th — out of 14
Netherlands tops list; China comes in last.
Raising the retirement age is a bad idea
When people talk about “raising the retirement age,” they normally mean raising the “full-retirement age.”
Slump Forced People to Think More about Retirement: Hartford
More Americans say they are focusing on saving for retirement, thanks to the impact of the Great Recession on many people’s finances, according to research by the Hartford Financial Services Group Inc.
Next 15 Years Could Be Brutal for Boomers Saving for Retirement
Study predicts boomers won’t be able to save enough to retire, because market won’t grow that much over next 15 years.
Dipping into your retirement is a shell game you’ll lose
Taking money from your 401(k) is probably not a good solution to your immediate cash problem.
Financial Dangers Women Face
Ravelle Brickman, 74, always assumed that retirement would somehow work itself out.
Cash-Balance Pensions Stand to Gain Favor
Cash-balance pension plans, where employees stand to get a lump-sum payment at retirement based on a system of “credits,” are poised to gain traction in the coming year.
AP proposes to freeze pension plan to save money
The Associated Press is seeking to freeze the pensions of employees who are still guaranteed a monthly benefit when they retire.
Pension Insurance Limits Won’t Grow in 2011
The maximum insurance benefit for participants in traditional pension plans that terminate in 2011 will be $54,000 per year for those who retire at age 65, the government agency that insures private sector pensions announced last week.
For many over 55, debt defers dreams
A growing number of Americans age 55 and older have put their retirement dreams on hold as they face a dismal financial reality: The recession has forced many into unemployment, stripped away years of their savings or dramatically reduced incomes during what they had hoped would be their final high-earning years.
