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Planning to Retire

February 2009


Target-Date Funds Have Hidden Risks

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Target-date funds automatically provide age-appropriate investments that grow more conservative as you approach your designed retirement date. But asset allocation varies widely among funds with similar retirement years.

The Senate's Special Committee on Aging sent letters this week to the ...

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retirement

The Top 4 Money Worries

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The recession has many people worrying about money. But saving for retirement is being trumped by other more immediate financial worries including unemployment, healthcare costs, and stock market performance, according to a recent survey. Here are the top 4 money worries and who is fretting most ...

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retirement

Do You Trust Your Broker?

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Reading the daily financial news about bailouts and scandals makes it difficult to know where to get accurate and unbiased financial advice. A recent survey found that investors are unlikely to trust financial information from any source.

Only about half (54 percent) of investors who own stock value ...

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retirement

Industries With the Most Unemployed Older Workers

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Americans laid off after age 55 often aren’t yet financially prepared to retire, but many are having difficulty finding new jobs. The unemployment rate for adults age 55 and older was 5.9 percent in January, the highest level since 1983, according to the Bureau of Labor Statistics. Although lower ...

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retirement

Finding Love Online in a Recession

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The stock market slump may be contributing to a surge in online dating. “On days when the Dow went down by 100 points we found an increase in our site usage relative to when the Dow increased by 100 points,” says Gian Gonzaga, a senior research scientist for dating website eHarmony. That site also ...

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retirement

What Makes Retirees Happy

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A large nest egg won’t guarantee a happy retirement. Yes, wealth does increase retirement contentment, but not as much as you might think.

While retirees with $1 million or more in household investable assets are the most likely to feel satisfied with their retirement, those with between ...

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retirement

Retirement Regrets

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If you could go back to the beginning of your career and begin planning for retirement again, would you do anything differently? Would you start saving at age 20? Choose different investments?

A recent survey asked affluent seniors who retired in 2003 or earlier to describe what they wish they had ...

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retirement

Executives Plan to Delay Retirement

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Top executives who have been paid lavish bonuses, even as their companies flounder, have been making headlines this week. But some executives complain they will have to delay retirement plans and struggle to pay for their children's college expenses due to their diminished portfolios.

Approximately ...

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retirement

How Much Does Long-Term-Care Cost?

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Long-term-care is the largest expense Americans could potentially face in retirement. Medicare only covers long-term-care expenses under specific and limited circumstances. I spoke with Nightly Business Report on Monday night about the various forms of long-term-care and how much each arrangement ...

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retirement

Taking Up Video Games in Retirement

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Retirees have long enjoyed playing golf, tennis, and bowling. But increasingly they are playing these sports and others games digitally. Some 13 million retirees now play video games, according to market research firm Packaged Facts. And women are equally as likely as men to take up the hobby.

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retirement

5 Ways Your 401(k) Will be Changed in 2009

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Employers have already largely shifted from providing workers with traditional pensions to 401(k)s. But now, even 401(k)s are proving too costly for some employers to sponsor and manage. “The continued bleak economic outlook is forcing many companies to make difficult decisions with respect to ...

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retirement