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Planning to Retire

December 2009


Coming Soon to Your 401(k): Annuities

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Employers are exploring ways to make 401(k)s work a little bit more like traditional pensions. One way to do this is to add an annuity feature to a 401(k) plan that will guarantee payments for life based on the lump sum you accumulate. Almost a quarter (22 percent) of companies already offer an ...

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retirement

Gallup: Worry and Stress Decline With Age

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You might think that Americans on the cusp of retirement would be stressed right now. But most people report significantly less worry and stress as they get older, particularly after age 65. Well over a third of Americans in their 20s, 30s, and 40s say they experienced worry "a lot of the day ...

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retirement

How Much Would a Medicare Buy-In Cost?

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Most Americans like the idea of allowing Americans under age 65 to buy in to Medicare. Some 74 percent of adults support expanding Medicare to cover those age 55 to 64 without insurance, according to a September Kaiser Family Foundation poll. Majorities of Republicans, Democrats, independents, and ...

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retirement

The Best Medicare Advantage Plans

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The Centers for Medicare and Medicaid Services rates the quality and performance of private Medicare Advantage plans annually, with five stars representing the best plans. The average number of stars is 3.27 for plans that will be offered in 2010, up from 3.10 in 2009. But only slightly more than ...

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retirement

Labor Department Examines 401(k) Withdrawals

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It’s well known that most Americans aren’t saving enough in their 401(k)s to finance 20 or more years of retirement. And now the federal government is concerned that we won’t be able to properly draw down our assets after we retire either. The Labor Department and Treasury Department announced ...

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retirement

Retirees Cut Back on Holiday Spending

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My grandparents often gave me savings bonds as birthday and holiday gifts as a child. But now there are many ways to give children and grandchildren a gift that grows over time, some of which give the giver valuable tax breaks or allow you to retain some control over the money. Contributions to 529 ...

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retirement

5 Financial Lessons of the Past Decade

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We’re approaching the end of a decade that may become known for its financial swings and easy credit. But most retirees don’t feel that their lives have improved over the past 10 years. Some 61 percent of retirees say they don’t feel any better off than they were at the beginning of last year and ...

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retirement

Vanguard: More Evidence of a 401(k) Comeback

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Most 401(k) participants now have a higher balance than they did in 2007. Among retirement savers that have continually utilized their 401(k) since September 2007, 60 percent now have the same size or a larger nest egg than they did at the stock market’s October 2007 peak, according to a new

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retirement