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Planning to Retire

November 2010


The 7 Most Popular 401(k) Investments

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Equity funds are clearly the most popular investment choice for 401(k) participants. But other investment selections vary largely as a function of age and job tenure. Among young and newly hired workers, target-date funds are the second most common investment choice. Investors on the verge of ...

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retirement

401(k) Balances Still Below 2007 Peaks

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The typical 401(k) account now holds a considerably higher balance than it did in 2008. But many 401(k) balances still have not surpassed their 2007 peaks.

The median 401(k) account held $59,381 at the end of 2009, up from $46,338 in 2008, according to an Employee Benefit Research Institute and ...

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retirement

7 Signs Your Employer is Looting Your 401(k)

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Sometimes employers, service providers, or other people with authority over retirement accounts use  401(k) contributions for their own personal use or to cover business expenses. The Labor Department is stepping up its efforts to combat these and other types of 401(k) fraud. The Employee Benefits ...

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retirement

Company Match Increases 401(k) Participation

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Employer contributions motivate workers to save for retirement in a 401(k) plan, according to a new study. Plan participation increases to 76 percent of all eligible employees when a 401(k) match is offered compared to 70 percent when no employer contribution is available, according to an analysis ...

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retirement

More Seniors Declaring Bankruptcy in Retirement

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Credit card debt and medical expenses are causing more older Americans to file for bankruptcy. The number of bankruptcy filers age 65 and older more than tripled from 2.1 percent of seniors in 1991 to 7 percent in 2007, according to a recent study of bankruptcy filings. While this is considerably ...

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retirement

6 Strategies for Funding Your 401(k)

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The tax break that workers get for saving for retirement in a 401(k) is a valuable reason to participate. But that’s not the primary reason most investors direct a portion of their paycheck into a retirement account. Getting a 401(k) match is the factor that motives the most retirement savers to ...

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retirement

Older Workers Losing Faith in 401(k)s

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Current workers over age 50 no longer think their 401(k) will propel them to a secure retirement. Most older employees expect Social Security to provide over a third (35 percent) of their retirement income. They are counting on their 401(k) to supply only a quarter (26 percent) of their retirement ...

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retirement

Thousands Claim Retiree Health Care Subsidy

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Nearly 3,600 employers have claimed a share of the $5 billion the federal government is giving to employers and unions who maintain health care coverage for early retirees. The Early Retiree Reinsurance Program, created by the health reform bill, subsidizes employers that provide health insurance ...

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retirement

7 Ways to Meet Someone New in Retirement

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During our adult lives we meet many of our friends and acquaintances though our jobs. But after retirement, it takes a little more effort to meet new people. Here are seven places to make new friends or even find a date in retirement.

Take a college class. In college there was never a shortage of ...

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retirement