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Planning to Retire

September 2010


Most Millionaires Don’t Plan to Retire

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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.

Those who made ...

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retirement

401(k) Rollovers Fuel IRA Growth

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Most 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 ...

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retirement

Older Americans Consume the Most News

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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 ...

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retirement

6 Necessary Sacrifices to Save for Retirement

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Retirement 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 ...

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retirement

Retirement Savers Delay Getting Financial Advice

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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 ...

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retirement

States with the Best Medicare Advantage Plans

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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.

The Centers for Medicare and Medicaid Services rates Medicare Advantage plans on a scale of 1 to 5 stars, with 5 being the highest rating.

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retirement

6 Reasons Roth 401(k)s Are Catching On

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The 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.

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retirement

Overqualified for Your New Job

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Many laid off workers had to take a step back down the career ladder to find work. Americans who found a new job after a layoff are generally less satisfied in their new positions and more likely to consider themselves overqualified that those who have been continuously employed, according to a new ...

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retirement

Workers Fear Savings Won’t Last in Retirement

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Most workers are worried that their retirement savings won’t last the rest of their life. Only 40 percent of current workers say they will have enough money to finance a 25-year of retirement, according to a new Towers Watson survey of 3,099 full time employees in the private sector. Just 62 ...

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retirement