Retiring Public-Sector Retirement Plans

Defined-benefit retirement plans for public-sector workers create vast liabilities for taxpayers and governmental units. Some places are going the other way by creating defined-contribution plans (more common ... that diminished—or nonexistent—retirement packages would discourage many potential employees. Fourteen [more...]

Date: 2009-04-06 11:23:00

Blog posts (367) | Videos (376)
 

Creating a Plan for Guaranteed Retirement Income

Regular readers of this blog may recall that I have been studying the work of Zvi Bodie, a professor of finance at Boston University. (I mentioned Prof. Bodie in my post on Retirement Income and the Myth of Equity Risk .) After much consideration, I’ve decided to adopt Prof. Bodie’s concepts into our retirement income plan. More particularly, I have created a plan to provide guaranteed retirement income. I will explain. [more...]

Date: 2009-09-21 13:42:04

Innovative Retirement Planning for Cows and Sheep

Nowadays, many of us are re-thinking our retirement plan after giving away half our nest egg to people on Wall Street who don't need it, ... for it. As you'll see, he's obviously doing a lot better than most of us are with our retirement planning ... but we should remember that the concept of retirement isn't all about us. Those poor dumb animals [more...]

Date: 2009-03-27 11:00:07

Retirement Financial Planning - Step by Step

Financial planning prior to retirement is focused on asset accumulation, tax minimization and maintaining a budget that allows for maximum savings.   Retirement financial planning however is focused on these different objectives:  maintain an adequate income without salary or wages, maximizing pension and social security, [more...]

Date: 2008-11-18 03:02:05

Live Long Live Rich: Creating Your Retirement Paycheck with Award Winning Retirement Planning: H. Craig Rappaport

Winner - Books And Authors - Retirement Planning Book - 2008 In these turbulent times it is important to maximize your income while keeping risk ... . Rappaport is a graduate of Northeastern University with a degree in Finance and an Accredited Wealth Management Advisor from the University of Pennsylvania, Wharton School. He is a Financial Planning [more...]

Date: 2009-03-16 10:25:04

Retirement Planning – The Information One Should Know About

This volume evaluates advances in retirement risk management by exploring developments that hold out new promise for enhancing old-age income security. Over the years, employers and governments around the world have tried to protect against retirement insecurity by setting up defined benefit (DB) pension schemes. Under such plans, retirement benefits depend on service and salary, and benefits are usually paid as a lifelong annuity to long-term employees who worked until retirement age. [more...]

Date: 2009-10-09 21:04:31

What went wrong with value funds

By Penelope Wang, Money Magazine senior writerLast Updated: November 13, 2008: 9:30 AM ET Legg Mason Value fund manager Bill Miller beat the market for 15 straight years. This year his fund is down more than 50%. Stable stocks in a shaky market More Videos Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security Insurance Estate planning Living in retirement [more...]

Date: 2009-10-14 15:44:15

401(k) investors: Hit hard in ‘08, doing better now

By Jeanne Sahadi, CNNMoney.com senior writerLast Updated: October 7, 2009: 12:13 PM ET Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security Insurance Estate planning Living in retirement Getting help NEW YORK (CNNMoney.com) — Among the swell of bad news that occurred courtesy of the financial crisis last fall is that 401(k) investors got slammed. [more...]

Date: 2009-10-14 05:15:27

Spousal IRA: Retirement for Stay at Home Parents

Retired Couple Source: stck.xchng Photo: Egilshay Marriage is expected to be a partnership, and when the marriage involves a stay at home spouse, ... phase-outs and mumbo-jumbo about who already has a qualified retirement plan. Here ... if neither partner already participates in a qualified retirement plan. A “qualified” retirement [more...]

Date: 2009-03-26 14:04:43

Have you planned for your retirement?

Many people want an early retirement with a nice house, fancy car and the works, ... planning. This is because, when you're young, it seems like retirement is something which ... is a website that can provide a host of information about retirement planning and how to manage [more...]

Date: 2009-04-03 01:44:00

You can’t handle the truth about stocks

By Joe Light, Money magazine staff writerLast Updated: September 16, 2009: 11:31 AM ET Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security Insurance Estate planning Living in retirement Getting help More from Money MagazineWhat to do with $10,000 What to do with $1,000 now Best Jobs: 10 best for job growth Best Places to LiveCurrent IssueSubscribe [more...]

Date: 2009-10-14 04:35:53

Is Your Individual 401k Going To Be Enough?

by David C Lewis, RFA For most Americans who have not started planning for their retirement, 401k plans seem like a “good bet” ... . Nothing will give you a wake up call like using a retirement calculator. You can find them on the internet from a variety of places. Retirement planning is hard, and it isn’t something you just throw [more...]

Date: 2009-03-08 11:24:17

25 things vanishing in America, part 2: 401(k) company matches

Filed under: Retire The company match for employee 401(k)s is disappearing - just at the point where we need it most ... more. Fidelity Investments, which is the country's largest provider of workplace retirement savings plans ... worker participation in retirement savings plans by nearly 10%. In the long run, large companies [more...]

Date: 2009-04-06 11:08:00

How to make your money last

By Walter Updegrave, Money Magazine senior editorLast Updated: September 23, 2009: 11:06 AM ET Ultimate Guide to Retirement Getting started 401(k)s & company plans Investing Annuities IRAs Self-employment plans Pensions and benefit plans Social Security Insurance Estate planning Living in retirement Getting help More from Money MagazineWhat to do with $10,000 What to do with $1,000 now Best Jobs: 10 best for job growth Best Places to LiveCurrent [more...]

Date: 2009-10-14 05:07:34

Retirement income …

… should be a major part of any retirement plan. Dutifully contributing to an IRA, 401(K) or pension plan, making long-term investments with retirement in mind and contributing to Social Security throughout a career all help you prepare for retirement, but the real question is how much actual retirement income will you have when the time comes to begin tapping your retirement nest egg. [more...]

Date: 2009-10-22 05:33:12

Jumpstart Your Retirement Plan Days (Kiplinger Magazine Giveaway!)

Retirement: Get Back To Work! For the last seven years, ... retirement or financial planning related question, it’s a no brainer to call them up to ask. As much ... (NAPFA) partner up and put on an event called Jumpstart Your Retirement Plan. During Jumpstart [more...]

Date: 2009-01-08 18:18:32

Rules of Simple IRA Your Business Needs to Know

A Savings Incentive Match Plan for Employees plan, better known as a SIMPLE plan, ... can be made to other qualified retirement plans. All contributions are immediately vested, meaning ... is an IRA-based retirement plan available to employers with fewer than 100 employees. Under [more...]

Date: 2009-04-03 21:58:57

Get Free Professional Tax and Investment Advice From TurboTax and Kiplinger’s

Two well known and well respected financial companies are sponsoring free Q& ... in investments, taxes, insurance, estate planning, and saving for college and retirement, charge ... Your Retirement Plan Days This is the eighth year that Kiplinger’s magazine, along with National Association [more...]

Date: 2009-01-15 10:29:59

Torrid Technologies Retirement Planning Software Updated for 2009

ATLANTA, Ga. — The Retirement Savings Planner 2009 from Torrid Technologies ( www.torrid-tech.com ) is now available in versions both for professional advisors and for individuals or couples who want to be personally involved with managing their personal retirement planning scenarios. The results of a January survey conducted by Workplace Options ( [more...]

Date: 2009-02-26 17:27:20

In quarterly SEC report, a retirement plan warning

I've just breezed through Gannett's third-quarter 10-Q report, filed earlier today with the U.S. Securities and Exchange Commission ... for its qualified retirement plans may increase substantially as the market value of plan assets ... plans to significantly reduce company wide expense levels in the face of these economic factors [more...]

Date: 2008-11-06 22:18:00

The Three Best Ways To Rescue Your 401(k)

For Americans struggling to cope with falling home values and rising job insecurity, a shrinking pension plan is the “last straw”. But cashing in your retirement plan now is the worst thing you can do. Mike Caggeso looks ... (k) plans - many of them close-to-retirement Baby Boomers - the heavy lifting is just beginning.In [more...]

Date: 2009-01-30 12:48:40

Torrid Technologies 2009 Retirement Planning Software Lets Individuals Verify Retirement Finances

ATLANTA, Ga., Feb. 23 (SEND2PRESS NEWSWIRE) -- The Retirement Savings Planner 2009 from Torrid Technologies (torrid-tech.com) is now available in versions both for professional advisors and for individuals or couples who want to be personally involved with managing their personal retirement planning scenarios [more...]

Date: 2009-02-23 18:00:39

Planning for retirement

Only 34% of Malaysians putting aside money regularly for retirement funds YOUNG parents Xavier Arumugam and Kavitha Nair has been putting aside a fixed sum every month into their savings accounts as part of their retirement nest egg after ... We are aware though, that we do not have a formal retirement plan in place besides the EPF,” Kavitha [more...]

Date: 2009-04-04 07:01:00

Planning for retirement

Only 34% of Malaysians putting aside money regularly for retirement funds YOUNG parents Xavier Arumugam and Kavitha Nair has been putting aside a fixed sum every month into their savings accounts as part of their retirement nest egg after ... We are aware though, that we do not have a formal retirement plan in place besides the EPF,” Kavitha [more...]

Date: 2009-04-04 05:10:21

Social Security 1: Planning Is Crucial

The following is a guest post from Marotta Asset Management.Social Security benefits can represent a big stack of cash ... Security is their sole source of income. Women on average outlive men. Thus planning for retirement is much ... , income before retirement, income during retirement and taxes. Retirees cannot rely on commonly held [more...]

Date: 2009-03-13 17:15:00

JASON GIAMBI HAS A RETIREMENT PLAN

Current Oakland A and former New York Yankee Jason Giambi told the San Francisco Chronicle that his post-retirement plans could involve “Maybe ... being a bouncer at a strip joint. That’s about all I’m qualified to do.” It appears that Giambi ... qualified to be a bouncer, but we think that he would make a good VIP host,” Hanover explained. “Rick’ [more...]

Date: 2009-02-24 17:14:18

What Worries You Most About the Economy?

I had lunch with some old coworkers last week and it became apparent, that I live in a bubble ... s Your Number? Sacrificing the Little Things for Early Retirement? A ‘Whoa’ to Retirement-Plan ... is offering various Grocery Promotions during the month of March. I’m planning to check [more...]

Date: 2009-03-11 13:29:24

Wealth Management Seminars

When selecting a resources government seminar, we should demeanour for not as big distance classes containing twenty-five people or less. Topics should embody estate planning, monetary planning, early early retirement skeleton for tiny businesses and a self-employed, assets and investing for retirement, bargain your 401(k) and employer fiduciary responsibility. [more...]

Date: 2009-09-22 22:25:50

Sunday Money Roundup - Catching Pneumonia Edition.

OK, what’s with the weather? 70 degrees one day, snow the next, hail the day after that, and then back to 70 degrees ... talks about The Impending Retirement Crisis . No worries for me, I plan on never retiring ... you to Leave Your Money in Your Retirement Accounts! Good Financial Cents has 5 Tests To Claim [more...]

Date: 2009-03-29 13:00:50

Six Questions to Ask When Considering Reverse Mortgages

Reverse mortgages have become an increasingly important financial tool for people 62 and older who want to remain in their home and fund their ... a more fulfilling life. Modern retirement income planning is about making the most ... retirement. And, with 78 million Baby Boomers approaching retirement, interest is expected to grow [more...]

Date: 2009-03-25 13:41:12

Retirement Planning Software from Torrid Technologies Lets Individuals Verify Retirement Finances

ATLANTA, Ga. — The Retirement Savings Planner 2009 from Torrid Technologies is now available in versions both for professional advisors and for individuals or couples who want to be personally involved with managing their personal retirement planning scenarios [more...]

Date: 2009-02-24 00:15:58

401(k) Plans - Participation Paradox

The belief, “if you build it they will come” worked for Kevin Costner when he constructed a baseball field to attract players in the blockbuster film ... participation in the group’s retirement plan. A large percentage of employees don’t utilize retirement ... , tuition, our elders, etc. takes precedence over investing. This doesn’t mean, however, that [more...]

Date: 2009-04-06 09:34:32

NY Breeder Under Fire For Parasite Infested Horses

Thoroughbred breeder Ernie Paragallo, whose horses were discovered emaciated and infested with parasites in a pen destined for slaughter, ... and trainers like to talk about "retirement plans" but in reality, burnt out and used up horses meet ... that when horses leave the world of racing they are going to live out their "retirement plan [more...]

Date: 2009-04-05 22:43:38

Free Tax and Retirement Advice

I was recently sent a couple of promotional emails, but since they each had something of value to offer FMF readers, I thought I'd run them ... planning, and saving for college and retirement, charge clients $150 to $300 an hour. But, during Jump ... -Start Your Retirement Plan Days. On Tuesday, January 13th and Friday, January 30th [more...]

Date: 2009-01-14 02:47:56

Manny vs. Moose: Who Ya Got?

  NEW YORK -- Mike Mussina hinted for months that he might be pitching through a big league schedule for the final time, ... planning to make his retirement official in an announcement planned for later this week. The debate ... happens in baseball that you can't relate to the Red Sox and Mussina's retirement is no exception [more...]

Date: 2008-11-20 00:00:00

Fundamentals of Annuities Planning. Wealth Management, Pensions, Annuities & Retirement Planning Guide. Your Learning Resource Centre.

AnnuitiesWHAT IS IT?Annuities are the only investment vehicles that can guarantee investors that they will not outlive their income, ... to the “payout” phase of an annuity; in point of fact, annuities can (and often do) have an accumulation phase that also lasts for a substantial period of time.An annuity is established when the investor [more...]

Date: 2008-12-17 09:49:00

Managing Your Retirement Savings

photo credit: adwriter Do you have a 401k, IRA, or any other type of retirement savings ? ... sponsored 401k plan, for example, will increase the amount of taxes you end up paying. Remember ... retirement savings plan to make more cash available in the short term. In more extreme cases [more...]

Date: 2009-04-01 12:09:55

Last-Ditch Bush Rule Would Threaten Retirement Security

In a last-gasp effort to reward its corporate friends, ... retirement plans like 401(k)s, now the primary plan ... that could reduce Americans’ retirement security by allowing firms to give financial advice [more...]

Date: 2009-03-31 19:51:11

WAYS TO WRECK YOUR RETIREMENT

Personal retirement accounts are a valuable tool in building a retirement nest egg ... the best laid retirement plans, says Pamela Villarreal, a senior policy analyst with the National Center for Policy Analysis. For example: Don't make saving a habit -- young workers may think [more...]

Date: 2009-03-27 13:25:58

YNAB Pro Giveaway!

Yesterday I wrote a review on You Need a Budget , one of the leading budgeting software programs ... not included in your traditional budget. These topics include car maintenance, retirement, 2009 income tax forecaster, retirement planning, and a mortgage calculator. How to enter the YNAB Pro Giveaway [more...]

Date: 2009-03-03 12:41:53

Newsweek Column Examines Speculation About Supreme Court Justices’ Retirement Plans

“Washington is obsessed with the Supreme Court right now, scrutinizing every judicial cough and comment for hidden evidence of illness or retirement plans,” Newsweek contributing editor Dahlia Lithwick writes in a “The Verdict” column, which will appear [more...]

Date: 2009-04-06 20:26:48

Helping Aging Relatives in Tough Economic Times

The downturn in the economy has taken a toll on everyone, but senior citizens are often hardest hit by a recession. That’s because they generally live on a fixed income, including the earnings on retirement plan ... s finances. You may already know that their retirement savings could have been hurt by market plunges [more...]

Date: 2009-04-03 13:11:17

67 Year Old Loses 70% in the Market

by Michael Romsleo The markets have shifted. Times surely have changed ... and the like are generally flawed. We’re talking about peoples’ hard-earned money that they’re relying on for retirement. Many people who were planning on retiring in 2009 or next year now have to work at least 10 more years [more...]

Date: 2009-04-05 07:52:30

Obama Proposes Special One-Time 10% Tax On Retirement Accounts

In a press conference earlier today, White House press secretary Robert Gibbs announced President Obama’s proposed plan to assess a one-time tax of 10% of the total value of all American retirement plans, including both defined-contribution plans such as 401k and IRA plans and defined-benefit pension plans.  That’s right, ladies [more...]

Date: 2009-04-01 13:00:25

New 2009 IRA Rules Confuse Taxpayers

This article by an author writing under the nickname of Moeursalen is an explanation of some changes in the tax code for 2009 that affect people who ... arkets. It is not uncommon for retirement savings maintained in 401K, IRA or other qualified plans to have lost 40% or more. For many people, this means that retirement planning falls far short o [more...]

Date: 2009-03-31 18:35:44

Retirement Countdown: Take Action Now to Get the Life You Want

From Publishers Weekly Shapiro, a personal finance columnist and director of financial planning, believes that many people do not do to plan for their retirement. The process of intimidating people, or the media or other authors in the belief that they can make all rocked the plans on their own cause. Shapiro advocates the use of financial planners and carry more importantly, the small steps with care. The book is divided into three parts, beginning with an overview of retirement. [more...]

Date: 2009-10-07 02:07:29

Curbed University: Buy v. Rent, Game On

Curbed University is our new NYC real estate how-to section ... away on rent. We'll leave the wisdom former for Retirement Planning 101 (Tuesdays next semester ... planning on staying put, the likelihood of appreciation or increased rent, and how much you value the idea [more...]

Date: 2008-09-11 18:17:21

03/30/2009, 5:28 PM

General Motors NewsRick Wagoner’s retirement plan worth $20 ... . Despite the recent troubles of the Michigan-based automaker, Wagoner’s retirement package is worth $20.2 million.According to ABC News, Wagoner is in line for both a ‘Salaried Retirement Plan’ [more...]

Date: 2009-03-30 21:28:07

Book Review: New Rules of Retirement by Warren Mackenzie and Ken Hawkins

Well done Warren and Ken! You have a written a heck of a fine book ... retirement. It is an ideal retirement planning starting point for any Canadian. The first quarter of the book paints a picture of retirement as it actually is, knocking down myths and presenting [more...]

Date: 2009-03-25 11:10:00

Worry-Free Investing: Calculate Your Risk-Free Savings Rate For Retirement

Conventional advice has been that we should invest in some mix of stocks and bonds to reach our retirement goals ... stressful. What if we start our retirement planning based on buying a safe investment that guarantees ... ? The book outlines the mathematical formulas to use, but also provides a free spreadsheet calculator [more...]

Date: 2008-12-17 13:53:03

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