retirement is changing and there is more to retirement planning than saving money. This page will help you understand the various sources of income you will have during retirement and other issues you need to consider as you enter this phase of your life.For most of us the quality of our retirement will depend on how much money we saved. While you may have some retirement income in the form of Social...
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Oakland County Executive L. Brooks Patterson's Oct. 30 commentary, "Reform public pensions," left us with a nagging question: Can 401(k) -- also known as defined contribution -- plans really provide an adequate retirement?But they were never meant to. They were originally meant to be a supplement for retirement.Alicia Munnell, head of the Center for Retirement Research at Boston College argues that...
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Whether it's over or not, the recession has made retirement at age 65 more difficult. Newfrom the Center for Retirement Research at Boston College found that 51 percent of Americans have a high risk of not being able to maintain their current lifestyle in retirement, up from 44 percent in 2007. "If they retire at age 65, they will not be able to maintain the same standard of living as they did before,"...
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India!Future Retirees without Guaranteed Income Will Need to Significantly Reduce Standard of LivingWASHINGTON, /PRNW-USNW/ -- Almost three out of five new middle-class retirees will outlive their financial assets if they attempt to maintain their pre-retirement standard of living, according to a new study conducted by Ernst & Young LLP on behalf of Americans for Secure Retirement.The study also finds...
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-- and if you hate paying them now, wait until they start going up. You're sure to hate them even more.Whether you have a six-figure salary or not, changes to tax rules means you could see new benefits relating to Roth IRAs.That's why now is the time to give serious consideration to converting at least a portion of your retirement savings into a, one of the best defenses against potential future increases...
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Private sector companies have steadily provided less retirement benefits to workers over the past decade. The value of retirement plans for employees, including traditional pensions, 401(k)s, retiree medical insurance, and post-retirement life insurance, dropped from 7.8 percent of pay in 2002 to 6.9 percent of pay in 2008, according to a Watson Wyatt analysis of 183 medium and large private sector...
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Retirement brings with it a sharp decrease in the prevalence of sleep disturbances, says a new study.The findings of the study suggest that this general improvement in sleep is likely to result from the removal of work-related demands and stress rather than from actual health benefits of retirement.According to the results, the odds of having disturbed sleep in the seven years after retirement were...
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Find out what you need to know to plan for retirement, and which resources do the best job of showing the way.In the United States, the topic of retirement planning is largely ignored by the administrators who set the education curriculum for primary and secondary students. As a result, many people find themselves in the precarious position of having to plan for their retirement during their working...
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Retirement brings with it a sharp decrease in the prevalence of sleep disturbances, says a new study.The findings of the study suggest that this general improvement in sleep is likely to result from the removal of work-related demands and stress rather than from actual health benefits of retirement.According to the results, the odds of having disturbed sleep in the seven years after retirement were...
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sure how much you should be saving for retirement? Here are a few ways to make sure you're on target.Walter Updegrave is a senior editor with Money Magazine and is the author of "How to Retire Rich in a Totally Changed World: Why You're Not in Kansas Anymore" (Three Rivers Press 2005)I'm 36 and have saved only about $20,000 for retirement. How much per year should I try to save for the next 30 years...
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