Buy an Annuity and Delay Social Security – GAO

Retirees may have to delay Social Security benefits and buy an annuity to have enough money for retirement, said a U.S. government study.

“The risk that retirees will outlive their assets is a growing challenge,” according to a study from the Government Accountability Office scheduled for release today. Increased life expectancies and health-care costs coupled with

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July 1st, 2011 | Tags: 401(k), annuity, cash, Expenses, financial, health care, home equity, Income, money, net worth, pension, Retirement, save, savings, Social Security | Category: Investments, Retirement | 2 comments

Retirement Benefits, Accounts, Longevity: Delay, Change Lifestyle

If you are planning to retire soon, think again. Retirement, it appears, is only for the few, the rich or the benefit endowed.

First, given reduced benefits, reduced personal and retirement accounts, and increased retiree longevity, workers who have a choice will delay retirement, change lifestyles, and accept that retirement as they envisioned it may not

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August 23rd, 2010 | Tags: acounts, benefit, global, Income, Lifestyle, longevity, pension, retire, Retirement, rich | Category: Retirement | Leave a comment

As we invest, will the stock market let us retire?

We invest in the stock market so that we can retire some day. What we expect from the stock market is a return on our investment – a return that includes an “equity premium.” The equity premium appears to be getting smaller.

There are several reasons for this.

Better information, and the tools to analyze the information, has become

Continue reading Will the Stock Market Let us Retire? Where did the Equity Premium Go?

August 13th, 2010 | Tags: 401(k), capital gains, defined benefit pension plan, diversification, diversified, equity, financial, funds, Income, invest, market, markets, mutual, nest egg, pension, premium, retire, Retirement, returns, risk, savings, securities, Social Security, stock, strategy, Taxes, trading | Category: Investments, Lifestyle, Retirement, Saving | Leave a comment

Our Retirement Planning Problem: We Make Mistakes on How We Earn, Spend, Borrow, Save and Invest

Gregory Salsbury, executive  vice president of Jackson National Life Distributors, has identified the greatest mistakes we make on how we earn money, save, spend, borrow and invest that affects our retirement planning:

We’re too focused on the five years prior to retirement and the first five years of retirement.

We’re too focused on a specific number which supposedly

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August 3rd, 2010 | Tags: 401(k), asset, classes, planning, Retirement | Category: Retirement | Leave a comment

Our Low Savings Rate - Is our Government an Enabler?

In 2006, during the height of recent prosperity, the Labor Department shared two statistics:

1) Only 60% of the 110 million private-sector employees were covered by a workplace retirement plan.

2) Many of those 60% who were covered fail to participate in their employer’s plan.

3) 30% of Americans have no retirement savings.

4) Half of all 401(k) participants

Continue reading Our Low Savings Rate – Is our Government an Enabler?

May 12th, 2010 | Tags: plan, prosperity, retiree, Retirement, savings, Spending | Category: Retirement, Saving, Taxes | One comment

Poor Savings Habits May Keep Large Number of Baby Boomers in the Job Market

 The roughly 76 million U.S. baby boomers born between 1946 and 1964 are entering their retirement years.

The ranks of boomers expecting to kick back and retire soon are shrinking fast. A lifetime of poor savings habits – coupled with the devastating impact on retirement portfolios of two bear markets in eight years – have convinced

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April 22nd, 2010 | Tags: bear markets, benefit, career, Debt, disincentives, Economy, Education, family, financial, growth, habits, health care, incomes, industries, job, jobs, Medicare, paths, payroll, portfolios, promotions, retire, Retirement, savings, Social Security, social services, underemployment, unemployment, work, workers | Category: Economy, Employment, Retirement, Saving | Leave a comment

Saving for Retirement Being Hurt by Economy & Attitude

The low savings rate is affecting the ability of families to save for retirement.

The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday.

The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in

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March 9th, 2010 | Tags: 401(k), benefit, benefits, cost, costs, defined-benefit, Economy, families, family, financial, health care, home, homes, invest, investing, investment, Investments, job, loss, losses, match, matches, money, mortgage, pension, plan, planner, planners, plans, pre-retirement, Retirement, save, savings, Social Security, standard of living, work, workers | Category: Retirement, Saving | Leave a comment

Getting Ready for Tough Times

Times can get tough. Loss of a job. Stock market crash. When times get tough will you be ready?

Get ready now for tough times ahead.

Rainy Day Fund – Emergency Cash

Have a rainy day fund – it can’t be said enough. You absolutely need a financial reserve that you can draw on when times get tough.

Continue reading When the Going Gets Tough the Tough Are Going to Be Ready

January 28th, 2010 | Tags: 401(k), defined-benefit pension, emergency cash, IRA, market, pension plan, portfolio theory, rainy day fund, Retirement, Taxes | Category: Lifestyle | Leave a comment

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