The word retirement needs reinvention, especially in our post-crash economy. For the huge generation of baby boomers now approaching the traditional retirement years, achieving security will depend on working longer—often in new careers. We’ll also need to reexamine our traditional notions about investing and spending. For anyone approaching this profound life transition, the first challenge [...] [...more]
A new Government Accountability Office report shows that the gender gap in management jobs persists, along with the ongoing gender gap in income. For women, the gap has serious implications for retirement security, since retirement benefits are driven by career income. Social Security benefits are derived from income history, and the ability to contribute to [...] [...more]
What should you do on the day you retire? And, just as important–what shouldn’t you do? Linda Stern offers a thoughtful post on the retirement process today at Reuters.com: Many workers and financial companies talk about retirement as if it’s a day on which everything changes. The day you retire is the day you need [...] [...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]
Guaranteed retirement income has become a hot topic in the wake of the 2008 market crash, with financial planners and government policymakers alike looking for ways to reduce retiree exposure to equities and boost sources of guaranteed income. Much of the buzz has focused on the humble single premium income annuity (SPIA), which offers regular [...] [...more]
