President Obama’s 2010 budget calls for creation of the Automatic IRA provision that I’ve written about here previously. More details to come shortly; in the meantime here’s the breaking story at Google News. [read full article…]
The House Education and Labor Committee held hearings this week to examine short-comings in the nation’s retirement security in the wake of the market crash. Committee Chairman George Miller (D-California) called the current 401(k) system “little more than a high-stakes crap shoot.” Retirement experts have proposed a range of safer, more automatic savings options. These [...] [read full article…]
Target date funds can be a great way to put your retirement investing on auto-pilot; they’re designed to reduce your exposure to stocks as your targeted year for retirement approaches. But that only works if the riskier equity exposure actually is reduced. The Washington Post reports that the U.S. Senate Special Committee on Aging is [...] [read full article…]
How long will it take for your 401(k) to recover from the market crash? New 401(k) research from the respected Employee Benefits Research Institute (EBRI) attempts to quantify how long it will take us to get back to where we were in early 2008, before the big market declines began. Much depends, of course, on [...] [read full article…]
For a growing number of older Americans, the housing slump has changed the concept of “aging in place” from a lifestyle choice to the only choice. The nearly frozen residential real estate market in many parts of the country has made it very difficult for seniors to sell their homes when the time comes to [...] [read full article…]
