Out of work and under 65? Here’s how to retool your retirement plan

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We reached a milestone last week when the government reported that the U.S. economy has regained all the jobs lost during the Great Recession. Yet for many older workers the recession never ended; long-term joblessness has morphed into de facto premature retirement. Now, millions are performing financial triage on retirement plans that had been based […]

The war on elder poverty – however you measure it – is not over

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“Without Social Security, nearly half of seniors would be living in poverty,” President Barack Obama said last month, noting the 50th anniversary of the war on poverty. “Today, fewer than one in seven do. Before Medicare, only half of seniors had some form of health insurance. Today, virtually all do.” Is the war on elder […]

Why boomer balance sheets are a mess

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Conversations about retirement readiness usually focus on portfolios–how much you’re saving, your investment mix, and whether you’ll accumulate assets sufficient to last a lifetime. But those conversations are missing a bigger-picture question about retirement readiness: How are household balance sheets shaping up as families approach retirement? Research by the AARP Public Policy Institute provides answers. […]

A holiday reading list for the retiree on your list

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Now that the baby boomer age wave is crashing ashore, Americans are retiring by the boatload. About 10,000 of us will turn 65 every day for the next 17 years, the Pew Research Center tells us. If someone on your gift list is hitting the beach this holiday season, a little guidance is in order […]

Transforming your 401(k) into steady income

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 […]

Five questions for Steve Vernon on generating retirement income

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Who better to answer the question than an actuary, and one who is passionate about educating us all on retirement security? That’s Steve Vernon. An actuary by background, he’s a full-time retirement educator, blogger and author, and one of the sharpest experts I know on retirement planning. Steve’s  recent book, Money for Life: Turn Your […]