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6 Ways to Measure the Success of a 401(k) Plan
Tweet Share on Facebook January 31, 2011 Comment (4)When companies set out to measure how successful their 401(k) plan is, they generally don’t do it based on how comfortably their former employees are supporting themselves in retirement. Instead, employers evaluate how many employees use the plan and whether the benefits offered are competitive with other companies in the same industry. Here is how you could potentially measure the success of a 401(k) plan.
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9 Retirement Benefit Changes Coming in 2011
Tweet Share on Facebook January 28, 2011 CommentMany employers are planning to tweak their retirement benefits this year. Nearly 70 percent of firms plan to review their 401(k) and pension programs and potentially make changes in 2011, according to an Aon Hewitt survey of 210 companies employing 6.2 million workers. Here is how employers are likely to alter their retirement benefits this year.
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5 Reasons Older Workers are Delaying Retirement
Tweet Share on Facebook January 28, 2011 Comment (5)Many workers age 60 and older say they are not ready to retire. A recent CareerBuilder and Harris Interactive survey of 536 full-time employees in the private-sector who are age 60 and older found that 65 percent plan to delay retirement, down from 72 percent last year. Here is why these older workers say they plan to stay in the workforce.
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Obama Pledges to Strengthen Social Security
Tweet Share on Facebook January 26, 2011 Comment (3)President Obama ruled out cutting Social Security benefits for current or future retirees in his State of the Union address last night. He also rejected the idea of privatizing the program. Here is the passage of his speech about Social Security:
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Workers Prefer Higher Taxes to Entitlement Cuts
Tweet Share on Facebook January 24, 2011 CommentWhen given a choice between tax increases and cuts to Social Security and Medicare, most Americans say they are willing to pay higher taxes to maintain these popular programs. A large majority of Americans prefer paying higher Social Security taxes (63 percent) to benefit reductions (25 percent). They also support increasing Medicare taxes (64 percent) more than cutting covered services (24 percent), according to a New York Times and CBS News poll of 1,036 people conducted this month.
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5 Reasons to Move in Retirement
Tweet Share on Facebook January 21, 2011 CommentThose on the verge of retirement often dream about retiring in a place where they will be able to maintain a permanent tan. But most people don’t pick a retirement spot based on better weather. Grandchildren and the cost of the move figure much more prominently into retirement decisions than a permanent summer. Here’s a look at the most common reasons people age 55 and older move to a new place in retirement.
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How to Recover Retirement Account Losses
Tweet Share on Facebook January 20, 2011 CommentThe financial market and real estate declines in 2008 and 2009 diminished the assets of many retirement savers. As many as 14.3 percent of U.S. households who would have had adequate retirement assets before the financial crisis are now at risk of running out of money in retirement, according to an Employee Benefit Research Institute report released today.
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5 Ways to Make Your 401(k) Balance Last Longer
Tweet Share on Facebook January 19, 2011 CommentIf you spend too much of your 401(k) account balance early on in retirement, you will reach your later years with very limited resources. But there are steps you can take to make your retirement account balance last longer. Here are some strategies to make sure your retirement savings lasts the rest of your life.
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3 Last-Minute Retirement Tax Breaks for 2010
Tweet Share on Facebook January 14, 2011 CommentIt’s not too late to qualify for retirement tax breaks on your 2010 tax return. Here are a few tax moves you still have time to make that could save you money on your 2010 taxes.
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4 Ways to Stay Employed After Age 50
Tweet Share on Facebook January 13, 2011 Comment (3)Older workers are generally less likely to lose their jobs than younger employees. But new research suggests that this older worker employment advantage is due mostly to spending more time with their current employer. Once you control for job tenure, older employees are actually more likely to lose their jobs than younger workers, according to a new Urban Institute analysis of Census Bureau data. Here’s a look at what keeps workers employed after age 50.
