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Planning to Retire

February 2011


6 Ways to Evaluate Your Target-Date Fund

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Many employees who are automatically enrolled in their workplace 401(k) plan will have their money invested in a target-date fund, the most popular default investment. Target-date funds allocate your retirement savings into a range of investments including equities, bonds, and cash and gradually ...

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Average 401(k) Balance Finally Tops 2007 High

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It’s taken three years, but the average 401(k) finally contains the same amount that it did in 2007. The average Fidelity 401(k) held $69,200 in 2007. Then the average account balance plunged to $50,200 in 2008, due to market declines. By the end of 2009, average balances climbed to $64,200. But it ...

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7 Reasons Americans Can’t Save for Retirement

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Americans are increasingly making an effort to save for retirement, but they’re finding it difficult to build a significant nest egg. “There are indications that many Americans are trying to meet the challenge of saving for their future,” says Dallas Salisbury, president of the Employee Benefit ...

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A Surge of Year-End Roth IRA Conversions

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Large numbers of retirement savers converted their traditional IRAs to Roth IRAs just in time for the year-end tax deadline. Fidelity Investments reports that 220,000 Roth IRA conversions were completed at the firm in 2010, more than a fourfold increase over 2009. And nearly a third of those ...

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Older Worker Employment Reaches Record High

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The proportion of individuals who continue to work after age 55 reached a record high this year. Some 40.2 percent of Americans age 55 and older participated in the labor force in 2010, a number than has increased steadily since 1993 when just 29.4 percent of older Americans worked, according to an ...

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4 Cautionary Tales for Retirees

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Saving up enough money to retire comfortably shouldn’t be your only retirement goal. You also need a plan to invest that money to make sure it lasts the rest of your life. Simply withdrawing 4 percent of your portfolio adjusted for inflation each year doesn’t guarantee that your money will last 30 ...

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5 Ways Obama’s Budget Will Impact Retirees

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President Obama released his fiscal year 2012 budget today. The proposals allocate more resources to Social Security and streamline the process for employers to create new retirement plans, but also cut funding to a job retraining program for senior citizens. Here are some of the provisions most ...

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Turning 65 With Nothing Saved for Retirement

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Just over a third (34 percent) of Americans have no retirement savings, up from 30 percent in 2009, according to a new Harris Poll of 2,151 adults.

Young people are the least likely to be saving for retirement. Over half (53 percent) of members of generation Y between ages 18 and 33 say they have no ...

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Young Investors are the Most Conservative

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Financial planners have traditionally advised young retirement savers to invest heavily in equities and then gradually transition to less volatile investments as they age. But financial market turmoil appears to have scared many young investors out of the stock market. Twenty-somethings are now the ...

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7 Ways to Keep Retirement Exciting

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Affluent baby boomers think their retirement will differ from that of their parents, mainly because they intend to be more active (86 percent). When asked to name a single word to describe their retirement, most boomers between ages 46 and 64 choose freedom (35 percent) or opportunity (31 percent),

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Money Challenges Workers Face After 50

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By the time you reach age 50, you have already faced many money challenges including paying off your student loans, buying a home, merging finances with a spouse, and caring for children. But many 50-somethings think the biggest financial challenge of their life is still ahead of them: retirement.

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retirement