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Most Millionaires Don’t Plan to Retire
Tweet Share on Facebook September 30, 2010 Comment (4)Most millionaires aren’t planning to use their wealth to finance a traditional retirement. Some 60 percent of individuals with over $1.5 million saved envision working in some form for as long as they can, according to a new Ledbury Research survey commissioned by Barclays Wealth.
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The 401(k) Match’s Big Role in Retirement Security
Tweet Share on Facebook September 24, 2010 Comment (1)A generous company 401(k) contribution can help propel you to a secure retirement. Employees without a 401(k) match will need to do even more saving on their own to produce an adequate retirement income.
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Are Government Workers Better Prepared for Retirement?
Tweet Share on Facebook September 23, 2010 CommentState and local government employees are considerably more likely to have traditional pension benefits than those who work in the private sector. But some cash strapped states are beginning to reduce and even eliminate pension programs for new and sometimes existing workers, which is causing some public sector workers to feel insecure about their retirement prospects.
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401(k) Rollovers Fuel IRA Growth
Tweet Share on Facebook September 21, 2010 CommentMost of the assets retirement savers have tucked away in IRAs are rolled over from other retirement plans. More than 10 times as many dollars were added to IRAs through rollovers in 2008 than from direct contributions, according to a new Employee Benefit Research Institute analysis of 14.1 million accounts holding $732.9 billion at the end of 2008.
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Older Americans Consume the Most News
Tweet Share on Facebook September 20, 2010 Comment (1)Americans age 50 and over are the biggest consumers of news. Baby boomers between the ages of 50 and 64 spend an average of 81 minutes a day reading, listening to, or watching the news in newspapers, on the radio, on television, or online, according to a Pew Research Center telephone survey of 3,006 adults. Retirees spend even more time keeping up with the news. Seniors age 65 and older consume 83 minutes worth of news each day, compared to 70 minutes among the population as a whole.
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6 Necessary Sacrifices to Save for Retirement
Tweet Share on Facebook September 17, 2010 CommentRetirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job. Those without traditional pension benefits may need to make sacrifices during their working years if they want to be able to retire comfortably. Social Security will provide a small retirement income, but you are responsible for saving any additional retirement income you will need. Here are some of the sacrifices many Americans will need to make if they want to retire comfortably.
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Retirement Savers Delay Getting Financial Advice
Tweet Share on Facebook September 16, 2010 Comment (1)Most retirement savers would rather spend an hour of free time at the gym (41 percent) than talking to a financial professional about investing for retirement (26 percent), according to a new survey of 401(k) participants. A meeting with a financial adviser was equally as enjoyed as cleaning the house (25 percent), but was strongly preferred to renewing a driver’s license (3 percent) and going to the dentist (3 percent).
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Are Retirement Concerns a Voting Issue?
Tweet Share on Facebook September 16, 2010 CommentRetirement security issues are on voter’s minds as we approach the mid-term elections. Almost three quarters of voters are concerned about being able to maintain a comfortable standard of living throughout retirement, according to a new survey of 917 registered voters.
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States with the Best Medicare Advantage Plans
Tweet Share on Facebook September 14, 2010 Comment (11)If you plan to sign up for a Medicare Advantage plan in retirement, the state you retire in could make a big difference in the quality of services you receive.
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6 Reasons Roth 401(k)s Are Catching On
Tweet Share on Facebook September 10, 2010 CommentThe attraction of a Roth 401(k) is simple. You contribute after-tax dollars to the account, which will accrue tax-free earnings and allow for tax-free withdrawals in retirement after age 59½ . Here’s a look at why Roth 401(k)s are catching on, especially among young retirement savers.
