Retirement confidence bounces back, but only among wealthy savers

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Americans who owned stocks in 2013 are feeling better about their retirement prospects than they did just a few years ago. For everyone else, not so much. The longest-running survey of American retirement sentiment shows confidence rose in 2013, the first increase since sentiment plunged following the Great Recession of 2008-2009. But the 2014 Retirement Confidence […]

Why a Roth IRA for the baby would be a blessed event

Ray Boshara

When an infant is born, the hospital paperwork for parents includes birth certificate and Social Security number applications. Soon, though, there could be another document to fill out: a Roth IRA account setup form. That’s the thrust of the Roth Account for Youths Savings Act, or RAYS Act,introduced last week in the U.S. House of […]

MyRA won’t close the nest egg gap, but maybe the states can

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If states are the laboratories of democracy, they need to start some retirement savings experiments – quick. About half of Americans haven’t been able to create nest eggs at all, and the labs working the problem in Washington haven’t found solutions. That’s my take on MyRA, the retirement saving program PresidentBarack Obama announced during his […]

The problem with investing glidepaths

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Investors should reduce their equity exposure as retirement approaches—that’s the conventional wisdom, and it’s the fundamental premise of the current 800-pound gorilla of workplace retirement investing: the target date fund (TDF). But conventional wisdom can be wrong—and a handful of well-respected researchers set out to prove it in recent papers questioning the current glide path […]

Why minorities are losing the retirement race

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The issue of retirement inequality has caught fire in Washington, D.C., and a report issued this week turns up the heat. The report zeroes in on the appalling gap in retirement security among racial groups in America. The National Institute on Retirement Security (NIRS), a non-profit research group, found that workers of color – especially […]

How to navigate benefits if you’re working past age 65

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It’s no secret that Americans are working longer. But some are working well past traditional retirement age: the fastest-growing segment of the labor force is workers over age 65, according to the U.S. Bureau of Labor Statistics – and the growth is especially pronounced among workers over age 70. Working longer certainly can boost the […]

Three income tax reforms that would give retirees a needed break

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Congress probably won’t produce a broad overhaul of the U.S. tax code anytime soon. But if and when it does, lawmakers shouldn’t overlook some of the oddities of the way we tax retirement income. Many Americans are stressed out about their economic security in old age, and tax code writers could ease their pain. My […]

Retirees get a slim COLA boost next year

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Seniors and retirement savers finally got the word last week on three critical inflation adjustments for next year – and the word was — not bad. The burst of fall cost-of-living adjustment (COLA) announcements was delayed by the recent government shutdown. Now the COLA figures for Social Security, Medicare and limits on contributions to retirement […]

It’s Save for Retirement Week – but it could be so much more

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Bet you didn’t know this is National Save for Retirement Week. Unless your boss is marking the occasion by herding the staff into retirement education seminars, it’s just another one of those manufactured calendar events that tend to fly right by us. There are other national awareness weeks in October – for fire prevention, school […]

How to cope with Required Minimum Distributions

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The “deferred” part of tax-deferred retirement accounts doesn’t last forever. Distributions must be taken from Individual Retirement Accounts (IRAs) starting in the year you turn 70.5 – and from 401(k)s at the same age, unless you’re still working for the employer that sponsors the plan. Congress set it up this way because the tax breaks […]