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Planning to Retire

September 2008


How the Washington Mutual Takeover Will Affect Consumers

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The government seized banking giant Washington Mutual last night and then sold some pieces of it to JPMorgan Chase for approximately $1.9 billion. Here is how this will affect former Washington Mutual consumers:

What will happen to my bank account?


If you had an account with Washington Mutual Bank ...

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TAGS:
Washington Mutual
Wall Street
government intervention
FDIC
banking
JPMorgan Chase
consumers

The Most Common 401(k) Features

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Every company's 401(k) plan is slightly different. Some businesses offer more lucrative company matches and more diverse investment choices than others. A national survey released today examines what the typical 401(k) looks like. Here are a few of the highlights.

Company Contributions. Employer ...

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TAGS:
retirement
401(k)

Study: Falling Housing Prices Are Jeopardizing Retirement Security

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Falling housing prices can make it almost impossible to get out from under a mortgage you can no longer afford. A new AARP Public Policy Institute analysis says depressed home values are hitting baby boomers and seniors harder than other age groups. Americans over age 50 with homes worth less than ...

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TAGS:
baby boomers
housing
housing market
real estate
subprime mortgages
retirement
foreclosures
AARP

How Safe Is Your Brokerage Account?

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When a brokerage firm fails, customer assets are usually still safe—up to a point. All brokerage firms that do business with the public are required to be members of the Securities Investor Protection Corp., a nonprofit organization that provides some insurance to investors if the firm becomes ...

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TAGS:
investing

Retooling for Your 'Retirement Career'

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Steve Gaylord, 51, of Valley View, Texas, studied engineering management in college. "I was kind of a computer guy, a math guy, at 18 or 19," he says. And throughout his career, Gaylord has taken computer classes on Visual Basic and Java to keep his skills up to date for his current job as a ...

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TAGS:
retirement
careers