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Planning to Retire

April 2011


Workers Paying Hidden 401(k) Fees

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Most workers don’t know that they are paying 401(k) fees. Less than a quarter of current employees (23 percent) say 401(k) fees are deducted from their account, while 71 percent report that they do not pay any fees, according to a new AARP survey of 803 401(k) participants age 25 and older ...

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retirement

Social Security Ends Paper Checks

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Baby boomers who sign up for Social Security benefits on or after May 1, 2011 will no longer have the option of receiving a paper check in the mail. Individuals newly applying for Social Security or other federal benefits will need to choose an electronic payment method beginning next week.

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retirement

The New Ideal Retirement Age

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A decade ago many people strived to retire young. Now most people are nudging back their retirement date and wondering if they will be able to retire at all. The age workers expect to retire has increased from an average of 60 in 1995 to 66 today, according to a new Gallup poll of 1,077 adults.

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retirement

How to Tell if You Are Wealthy

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Many Americans with a net worth of over several million dollars don’t consider themselves wealthy. A recent survey of 457 individuals with liquid assets of $3 million or more found that 40 percent don’t perceive themselves to be wealthy. Among those who do feel wealthy, here’s what convinced them ...

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retirement