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Planning to Retire

What Happens When Your Pension Fails

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If your company goes out of business or enters bankruptcy next year, you won’t necessarily lose your pension. Most private sector pensions are insured by the Pension Benefit Guaranty Corporation, a government agency that pays out benefits if plans fail. The maximum guaranteed benefit for a ...

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retirement
pensions

The Dangers of 401(k) Loans

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It’s sometimes necessary for workers to borrow money from their 401(k) plan to pay for an emergency expense. Retirement savers are generally permitted to borrow as much as 50 percent of their vested 401(k) balance up to $50,000. However, it’s best if you use a 401(k) loan only as a last resort.

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retirement
401(k)
loans

Do You Tell People How Old You Are?

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Most Americans (75 percent) feel comfortable with their current age, and 81 percent are willing to reveal how old they are to others, according to a recent Harris Interactive survey of 1,000 people ages 18 and older commissioned by Pfizer. However, only about half (48 percent) of adults feel ...

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retirement
aging
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