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]
The baby boom generation has broken the mold at every stage of life, and it looks like aging won’t be any different. Boomers aren’t heading quietly into retirement. They’re launching businesses, embracing digital technology and living abroad in greater numbers than ever before. But in other ways they are struggling more than the previous generation. [...] [...more]
A new study from the Society of Actuaries finds that the vast majority of women haven’t done the financial planning necessary to live comfortably for their full lifespan. Women outlive men by an average of four years so they have a critical need to plan for inflation, health expenses and long-term care needs. The study [...] [...more]
A new report by one of the nation’s most respected retirement research groups confirms the worst fears of pre-retirement Americans: Many of us are on track to run out of money before we run out of years to live. That’s the top-line finding of the 2010 Retirement Readiness Rating from the Employee Benefit Research Institute [...] [...more]
People are genuinely afraid of outliving their money in hard times, but solutions are available. I talked about longevity risk recently with Marci Alboher of Encore.org for a Q&A about my new book, The Hard Times Guide to Retirement Security. An American man turning age 65 in 1940-just a few years after Social Security was [...] [...more]
