News and Recent Updates
Workers are worried about funding retirement
Tuesday, April 15th, 2008
April 14, 2008
Courrier-Journal.com
More Americans are feeling uneasy about their golden years. A new survey found that rising health-care costs and a shaky economy have consumers worried about saving enough to keep them comfortable in retirement.
The Employee Benefit Research Institute’s annual survey showed the weakest worker confidence in seven years with just 61 percent saying they […]
Generation X glum on retirement prospects: survey
Tuesday, April 15th, 2008
Mon Apr 14, 2008 8:03am EDT
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Baby boomers say they are worried about achieving a comfortable retirement, but a new study suggests Generation X is even more pessimistic.
More than two-thirds of Americans aged 27 to 42 don’t think they will ever be able to stop working, according to […]
Young Workers Lack Savings Plans
Monday, April 7th, 2008
March 19, 2008
By Laura Palotie, Inc.com
Most of the nation’s younger workers say they know more about how an iPod functions than about filing taxes, buying a home or investing their savings.
In a survey of more than 1,700 employees under 40 years old, nearly half gave themselves failing grades in financial planning, according to Divided We […]
Affluent and Non-Affluent Find Similar Roadblocks in Retirement Planning
Monday, April 7th, 2008
Financial Planning
By Stacy Schultz
April 7, 2008
A quarter of Americans have not yet started planning for retirement, according to a new survey released by Bank of America.
The study of 1,000 interviews surveyed 750 nationally representative Americans and 250 affluent Americans (with $100,000 to $3 million in investable assets). Both groups identified two key areas of confusion […]
Retirement health care costs climbing
Monday, March 10th, 2008
Associated Press Posted Monday, March 10, 2008
A couple retiring this year will need about $225,000 in savings to cover medical costs in retirement, according to a study released Wednesday by Fidelity Investments.
The figure, calculated for a couple age 65, is up 4.7 percent from the $215,000 estimate for 2007, the Boston-based financial services company said.
And […]
Don’t delay — start saving money in 401(k)
Monday, March 10th, 2008
By Greg Kratz Deseret Morning News Published: March 9, 2008
Last week, I wrote about 401(k) plans and taxes.
This week, let’s attack another 401(k) question, this one from a reader named Michael.
Michael wrote in an e-mail that he and his wife are trying to plan for retirement.
“We started late, but at least we started,” Michael wrote. […]
Paltry retirement savings? Don’t wait — do something!
Monday, February 11th, 2008
By MINDY FETTERMAN
Gannett News Service
Feb. 11, 2008
Say you’re in what some now hopefully call “the new 30s.” That means you’re in your 50s. And say you’ve procrastinated so long that you haven’t saved enough money for retirement.
What should you do?
First, if you have kids, turn to them right now and make them start saving while […]
Best retirement strategy? Save, save, save
Monday, February 4th, 2008
By LORI CULLEN
Albany Times Union Posted on Fri, Feb. 01, 2008
When you envision your retirement, do you dream of playing golf and catching up on missed time with friends, or starting a new career?
A recent AARP survey found that 57 percent of American adults may have to keep dream-ing, because they have less than $25,000 […]
Retirement Readiness
Thursday, January 31st, 2008
By Dan Matheson Licensed Financial Representative
Hurricane Valley Journal
January 31, 2008
Conventional wisdom tells us that once you start getting a paycheck, you should save a portion of it for retirement. Too bad life gets in the way: Illness, children’s education, home renovations, job loss, divorce and more can all dip into funds earmarked for retirement.
It’s no […]
At least, we can make it easy to save for retirement
Thursday, January 31st, 2008
Straight ahead: too many retirees, too little savings
By JON FORMAN
January 26, 2008
Houston Chronicle
Only half of American workers have a pension plan, and only a fraction of those have traditional pensions that replace a meaningful part of their final pay. Instead, most workers with a pension today have a 401(k) plan or an individual retirement account, […]