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Planning to Retire

June 2010


Companies Slow to Resume 401(k) Match

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Many companies have reduced or suspended their 401(k) match since September 2008. Among the 18 percent of firms that slimmed their 401(k) match, slightly less than half (49 percent) have restored company contributions, according to a Towers Watson survey of 334 companies with 1,000 or more ...

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retirement

12 Ways Retirees Spend Their Newfound Free Time

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When you finally leave your job for good you have eight or more extra hours to do whatever you wish. Retirees generally spend their newfound free time sleeping a little later, working around the house, and watching a lot more TV than working Americans, according to data released this week by the ...

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retirement

10 Things Retirees are Doing Without

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Retirees have watched their nest eggs shrink over the past two years. Cutbacks in spending have been necessary and painful. Some 60 percent of retirees say they have reduced expenses since 2008, according to a recent Harris Interactive survey of 501 retirees underwritten by Principal Financial ...

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7 Ways to Protect Your Retirement Savings

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Baby boomers are understandably concerned about preventing their retirement investments from losing money. A recent Financial Planning Association and MetLife online survey asked 1,068 financial advisers with baby boomer clients how investors approaching retirement can shield assets from future ...

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retirement

New Disclosures Proposed for Target-Date Funds

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Federal regulators proposed new target-date fund disclosures yesterday. The Securities and Exchange Commission voted unanimously to introduce rule amendments requiring that specific information be provided to target-date fund investors. Here’s a look at the proposed rules, which will be open for ...

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retirement

7 Ways Money Leaks Out of Your 401(k)

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Most people who dip into their 401(k) or IRA before retirement aren’t buying the latest gadget or financing a lifestyle they can’t afford. Savers who take early retirement account withdrawals primarily have a compelling need for the money, such as job loss or a health problem, according to a new ...

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retirement

5 Tips for Taking a Mini-Retirement

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Some people call them mini-retirements, sabbaticals, or simply an extended break from the 9 to 5 lifestyle. Instead of working until age 65 and then retiring, some individuals are interested in stepping away from a structured job for more than the standard two week vacation. Here are some tips for ...

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retirement

How Long Will Your Retiree Health Plan Last?

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The federal government is giving companies $5 billion to maintain health care coverage for early retirees. The Early Retiree Reinsurance Program, created by the health reform bill, will subsidize employers that provide health insurance to retirees age 55 and older who are not yet eligible for ...

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retirement

The Least Trusted Financial Institutions

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Financial institutions have been accused of not being there for their customers in the wake of the financial crisis. Less than 5 percent of Americans say they find statements made by a spokesperson for a financial company completely believable. Credit card, mortgage, and health insurance companies ...

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retirement