Baby boomers long to retire, but can’t
The sad reality is that many members of the baby boom generation are shell-shocked from their recession-related financial losses and have no idea what kind of shape they are in for retirement. Part 2 of a 3-part series.
Economy Takes a Toll on Retirement Planning Process
Ameriprise Financial’s second New Retirement Mindscape study finds significant changes compared to 2005 among those three to five years away from retirement.
Millions of Americans confront uncertain futures
Growing old has never been for wimps. But now it’s really getting tough. Part 1 of a 3-part series.
Better 401(k)s = good retirements
Today is National 401(k) Day. If you run out to buy a card, make it a sympathy card because the advent of the 401(k) as a primary retirement savings plan is nothing to celebrate.
Choosing between a monthly pension or lump-sum payout?
These three recent developments should factor into your decision.
Adding 401(k) Perks, But Not a Match
A growing number of employers are providing their workers with new 401(k) plan features, such as investment advice and more fund choices. But companies have been slow to resume or increase cash contributions to 401(k) plans.
Why Your Retirement’s Getting Riskier
If you’re pining for the good old days before high inflation ruined your retirement, you may be missing the big picture. Government policy alone isn’t to blame for Americans’ need to fuel their retirements with ever-greater returns — and ever-riskier investments.
Employees must be vigilant on retirement assets
Op-ed by U.S. Secretary of Labor Hilda Solis on steps workers can take to protect their retirement benefits.
Work Until You’re Dead? That May Be the Only Option for Many Americans
Many Americans are likely to have to work until they are dead, not as a result of Social Security shortfalls but because of their inadequate 401(k) savings or the fact that they have no retirement plan at all.
Retirement onus shifts to individuals
As the responsibility to save for retirement shifts away from employers, investment experts say people need to be more involved in their own financial planning.
Americans in their 50s especially hard-hit by recession
In this bloody free-for-all of a recession, Americans in their 50s are really taking it hard on the chin. Their 401(k)s have been cut down to 201(k)s. Their pensions have been frozen, or worse.
Economy puts kibosh on retirement, workers fear
Get a sinking feeling every time you look at the 401(k)? Loading up on Spam and Hamburger Helper because of pay cuts at work? Such anxieties are now so common that nearly two out of three Americans doubt that they’ll ever be able to retire, according to a new survey.
