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Planning to Retire

May 2011


10 Ways the Recession Has Changed Retirement

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The recession is having a lingering impact on the baby boomer’s retirement plans. Retirees and those close to retirement lack the time to properly recover from job losses, falling home prices, and investment portfolio losses. Their retirement options are to work longer, save more, or settle for a ...

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retirement

Baby Boomers Fear Retirement Years

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Retirees and workers on the verge of retirement have many concerns about their continued financial security. Baby boomers and seniors don’t know what expenses they may incur in retirement and are concerned that they will end up in poverty if they spend down their savings too quickly. But they also ...

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retirement

Senate Bill Would Limit 401(k) Loans

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A new bill aims to make it more difficult for workers to take out 401(k) loans, but easier to pay them back. Senators Herb Kohl, a Wisconsin Democrat, and Mike Enzi, a Wyoming Republican, introduced a bill on Wednesday with provisions intended to prevent the leakage of savings from 401(k)s before ...

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retirement

401(k) Savings Inches Upward

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The average 401(k) balance rose to $74,900 in the first quarter 2011, up from $71,500 at the end of 2010, and the highest amount recorded since this data began being tracked in 1998, according to recently released Fidelity data. Fidelity 401(k) balances have grown 12 percent since last year and 58 ...

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retirement

Have 401(k)s Recovered Yet?

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Average 401(k) balances have topped 2007 highs. But not all investors have more money than they did four years ago. An appropriate asset allocation and continued saving were necessary to help your nest egg recuperate from the recession.

Retirement accounts held about $8.7 trillion in the third ...

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retirement

Why We Assign Social Security Numbers at Birth

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Jacob and Isabella were the most popular names given to newborn boys and girls in the United States in 2010, according to Social Security card application data released yesterday. Each name made up just over 1 percent of all births reported to the Social Security Administration last year.

[See

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retirement

Access to Retirement Benefits Stagnates

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Thousands of new retirement plans were created by employers between 2003 and 2007. But most of these newly formed private sector retirement plans were offset by other plan terminations, according to a recent Government Accountability Office report. The proportion of workers who have access to ...

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retirement