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Planning to Retire

March 2011


Investors Whose 401(k)s Recovered Fastest

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Almost everyone now has a bigger nest egg than they did in 2005. The median Vanguard 401(k) balance plunged from $23,851 in 2005 to just $17,399 in 2007. But the stock market recovery and continued saving pushed the median balance back up to $26,926 at the end of 2010, which is 13 percent more than ...

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retirement

Baby Boomers Reveal Biggest Retirement Fears

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Many baby boomers are dreaming about a retirement filled with traveling, taking up hobbies, or simply spending more time with family and friends. But they also fear that this dream will be disrupted by financial and health problems. AARP recently asked Americans age 50 and older to describe their ...

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retirement

4 New Benefits for Medicare Recipients

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The Centers for Medicare and Medicaid Services mailed $250 rebate checks totaling nearly $1 billion to almost 3.8 million Medicare recipients with high prescription drug costs in 2010. Medicare Part D recipients who spent more than $2,830 out-of-pocket were automatically mailed the one-time ...

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retirement

The 5 Most Common Retirement Benefits

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Traditional pension and 401(k) participation picked up in 2010. There was a net gain of 53 pension plans and 5,207 401(k) and profit-sharing plans in fiscal year 2010, according to recently released Internal Revenue Service data. Over 1 million more people gained the ability to participate in a ...

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retirement

10 Reasons You Won’t be Able to Retire at 65

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Workers are more pessimistic than ever before about their retirement prospects. Employees feel less confident about their ability to retire than at any other point in the past two decades, according to the latest installment of a 21-year-old Employee Benefit Research Institute and Mathew Greenwald ...

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retirement

Should Government Workers Get to Retire Early?

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Many state and local government workers can retire and collect a pension after a few decades of service, regardless of how old they are. Some public sector employees who started working in their 20s and never changed employers are eligible to collect pension benefits for life beginning in their ...

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retirement

5 Obstacles to Delaying Retirement

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Delaying retirement by a year or two is one of the most straightforward ways to make up for a lack of retirement savings. Working longer packs the double punch of giving your more time to save, while reducing the number of years your savings must last. But simply pushing back your retirement date ...

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retirement