A job and a paycheck – they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? A growing number of 401(k) plans are including investment choices that can help savers convert nest eggs into retirement income. Participants can buy insurance [...] [...more]
PBS Frontline is shocked – shocked! – to find that investors hold retirement accounts that cost too much and eat into long-term returns, even though financial experts have been hammering away on these issues for years The public affairs show turned its investigative eye to the financial services industry this week with The Retirement Gamble. [...] [...more]
Mark Schottland’s 401(k) took a beating in the market crash of 2008, and its value plunged 35 percent, to $65,000. But rather than go into a mattress fund, the Nashville resident decided to invest in himself. Schottland used what was left of his nest egg at the end of that year to buy the Nashville [...] [...more]
Gary Zeiger could have used an investment adviser back in the 1990s. As a young techie at a software company, he got swept up in dot-com stock fever and lost two-thirds of his 401(k) portfolio when the bubble burst in 2000. The remainder evaporated later, when a layoff forced him to tap the account to [...] [...more]
The economic recovery is not helping Americans shake a bad case of the retirement blues. Workers and current retirees are less confident than ever in their ability to live comfortably in the post-employment world, according to the 2013 Retirement Confidence Survey published today by the nonprofit, nonpartisan Employee Benefits Research Institute. But the survey also [...] [...more]
