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Planning to Retire

September 2009


15 Retirement Gems From Our Readers

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For some retirees, a seaside town in Florida is an idyllic retirement spot. But others prefer the excitement of the ski slopes, the beauty of the wine country, or the art and culture that come with living in a big city. This year, U.S. News invited readers to recommend their personal retirement ...

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retirement

3 Ways Cash Leaks Out of Your 401(k)

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While many Americans have valid reasons for raiding their 401(k) during their working years, these early withdrawals can have dire consequences in retirement. Fees and penalties for early distributions can further eat away at your retirement account balance. About 15 percent of 401(k) participants ...

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retirement

House Votes to Prevent Medicare Premium Increases

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A bill passed by the house yesterday would prevent Medicare Part B medical insurance premiums from increasing next year. The legislation, which had 45 cosponsors, passed the house by a vote of 406 to 18.

About 75 percent of seniors are already protected from Medicare Part B premium increases because ...

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retirement

What Keeps Retirement Savers Awake at Night

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Employees and retirees both say they’re losing sleep due to retirement worries. Inflation is the concern that keeps the most retirees (37 percent) from getting their rest. But apprehension about simply being able to afford basic necessities is disturbing the slumber of 44 percent of workers and 30 ...

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retirement

Treasury’s Money Market Guarantee Program Ends

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The Treasury’s guarantee program for money market funds was allowed to expire today. The government insurance of investor assets in money market mutual funds was first established in September 2008 for a three-month period and later extended through September 18 of this year. The program was ...

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retirement

New Bills Aim to Boost Social Security Checks

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The Congressional Budget Office predicts that there will be no cost-of-living increases for Social Security beneficiaries in 2010 and 2011. The annual benefit boost is tied to the Consumer Price Index under current law. Two new bills were introduced this week proposing to give Social Security ...

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retirement

How the House Health Bill Could Affect Granny

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A provision in the House's healthcare reform bill would add coverage of a voluntary consultation about end-of-life care to a Medicare recipient’s benefits once every five years. The clause would require Medicare to pay doctors for their time helping patients to make a living will or appointing a ...

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retirement

The 10 Biggest Pension Failures

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Many traditional pension plans are currently underfunded. But no pension terminations in fiscal year 2008, which ended September 30, have made it into the ranks of the largest pension terminations since 1975, according to data released this week by the Pension Benefit Guaranty Corp. (PBGC), a ...

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retirement

Delayed Retirement May Mean Fewer Job Openings

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The recession appears to be having a different impact on young and older Americans—mainly keeping older adults in the workforce and younger ones out of it. Nearly four in 10 employed adults age 62 and older say the economy has forced them to delay their retirement plans, according to a Pew Research ...

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retirement

Giving Up on Retirement in the Sun Belt

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It’s fun to dream about retiring in a location where you will never have to shovel snow or defrost your car ever again. But don’t donate your winter coat to charity just yet. Most retirees are never able to pick up and move to the sun belt. In fact, most retirees don’t move at all. And seniors who ...

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retirement