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Retirement News from MSNBC

Thu, 04 Mar 2010 15:41:16 GMT

Aging boomers face stark economics  The recession, though devastating, will pass.  But rising health care costs as baby boomers age may bring lasting harm to that generation’s financial well-being. U.S. seeks to shield retirement savings Vice President Joe Biden on Friday proposed new rules to help protect workers' retirement savings as part of a broader effort to bolster the finances of middle class voters. 15 ways to slash retirement spending  Retirees must adjust to new economic realities. Here, based on suggestions from financial advisers, are strategies to cut costs Obama wants a retirement plan for all  President Barack Obama is launching an effort to help Americans save more for retirement, hoping a government nudge or two can get them to do what many are unable to do on their own. Retirees’ smart choices and dumb moves Retirees look back at their best and worst moves to help you avoid pitfalls. Newsweek: Are 401(k)s making a comeback? Companies are starting to match employee contributions again. But will they be as generous as they were before the recession? New and improved 401(k) a possibility When the stock market hit its all-time high in October 2007, few investors questioned the merits of their 401(k) plan. Two years later, their feelings are different. Newsweek: Delaying retirement to support the kids The downbeat economy has resulted in increasing numbers of parents and grandparents helping out their strapped adult children and grandkids with home down payments, credit-card bailouts, and spare cash—often at the same time as parents are trying to confront new retirement budgets. Video: Video: How to start saving for retirement  Nov. 18: TODAY financial editor Jean Chatzky, personal finance expert David Bach and CNBC’s Sharon Epperson answer viewers’ financial questions. (Today Show) BusinessWeek: The case against retirement The Age of Retirement was one of America's most successful social reforms ever. But that era is over. A new vision of old age is emerging from the trauma of the credit crunch and the Great Recession: Forget retirement. Keep working. Amid panic, uncertainty, they retired anyway  It took guts and good planning to decide to retire in the middle of the deepest recession in decades. Out of work, out of options, into retirement  New research suggests some older workers who lose their jobs in this recession may have little choice but to be pushed out of the work force earlier than they would like. Vote, discuss: When do you plan to retire?  Slide show: Slideshow: Famous workers who won't retire  What retirement? Here are a dozen notables who let 65 just fly by.

Retirement News from New York Times

Tue, 09 Mar 2010 23:05:59 -0500

Summary Box: Retirement Savings a Challenge RETIRE? ARE YOU KIDDING? A new survey released Tuesday by the Employee Benefit Research Institute shows the percentage of workers who say they've saved for retirement slid to 69 percent in January, down from 75 percent in 2009. Survey: Workers Struggling to Save for Retirement A year after the stock market bottomed out, workers are still a bit pessimistic about having enough money for retirement. Public Pension Funds Are Adding Risk to Raise Returns Even as big companies are moving their pension funds out of stocks, state governments are chasing higher returns by making riskier investments. In America’s Gyms, More Than a Touch of Gray As more adults near retirement age, gyms are adapting to meet the needs (and musical tastes) of a less-agile membership. Handling Investments and Investors’ Fears A veteran of Wall Street says people of all levels of wealth have come to view their assets differently after the financial crisis. Estate Planning as a Family Conversation Families that speak freely about estate planning can sometimes address awkward situations and avoid unwelcome surprises. Starting Over at 55 Many people over age 55 are getting a second wind and starting their own business — often for the excitement or to make ends meet. But success isn’t guaranteed. Now Is a Perfect Time to Reconstruct a Nest Egg After the financial squeeze, much depends on your standard of living, assets and goals, but now is a perfect time to add to an I.R.A. or another retirement account. When Life Insurance Is More Valuable as Cash A life insurance policy can be turned into cash, but don’t jump on the first offer you get. Matching Life Experience With New Careers Many emerging jobs are are a natural fit for older people looking for new career opportunities. Bad Investment Advice Can Turn a Free Meal Costly Regulators say older investors should be aware of fraudulent investment advisers who promise sure-thing returns for retirement savings. For Shift to Roth I.R.A., Know the Pitfalls to Avoid It’s a widely discussed tool for financial planners, but the process is not always straightforward. Too Many Choices: A Problem That Can Paralyze An overload of options, researchers say, may actually push people into decisions that are against their own best interest. Preparing for the Inevitable Bursting Bubble There’s bound to be another bubble and another one after that. A way to survive their collapses is to honestly assess your long-term goals. Eight States Have Shortchanged Pensions, Pew Study Finds The Pew Center on the States found a $1 trillion gap between what all 50 states have promised their workers and what they have set aside.