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Planning to Retire

November 2011


More Baby Boomers Launch Encore Careers

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A growing number of people approaching retirement are pursuing encore careers, or late-career jobs that pay the bills while providing personal meaning or having a social impact. A new MetLife Foundation and Civic Ventures report estimates that 9 million older workers, or about 9 percent of all ...

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retirement

Workers Pushing Back Their Retirement Age

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Some people are planning to retire when they reach a certain age, such as when they become eligible for Social Security or Medicare or can begin to draw a pension. Other investors are aiming for a specific number in their bank account before they leave their job. A new survey suggests that hitting ...

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retirement

Deciding How Much to Contribute to a 401(k)

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When you sign up for your company’s 401(k) plan you need to decide how much of your paycheck to direct deposit into the retirement account. This seemingly simple decision could have an enormous impact on how prepared you are for retirement. Here are a few ways to select an appropriate 401(k)

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retirement

Wealth Gap Between Young and Old Grows

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People generally accumulate wealth as they age, so it is not unusual for older people to have more money in savings and investments than their younger counterparts. But the wealth gap between the young and old has grown significantly over the past 25 years, according to a new Pew Research Center

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retirement

Employers Restore 401(k) Matches

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The majority of companies that suspended their 401(k) match during the recession have since restored them, according to a new Towers Watson report.

The analysis of 260 companies that reduced or suspended their employer 401(k) contributions in January 2008 or later found that three quarters have ...

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retirement

How to Calculate Your Retirement Number

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It’s difficult to determine exactly how much money is enough to retire comfortably. Households earning $50,000 or more will need about 80 percent of their pre-retirement earnings to maintain their current standard of living in retirement, according to a new Center for Retirement Research at Boston ...

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retirement