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News of Note December 9

Posted on 12/9/2009 by | Archived Contributor | Comments

Money & Savings Print Print

So, are you part of the 42% of boomers who are now worried that they don’t have enough money put away to retire comfortably? Check out this article that appears on CNNMoney.com called “How to win at playing retirement catch-up.” Even though stocks are up incredibly since March of this year, 401(k)s are typically still worth less than they were 2 years ago. And the only way to try to remedy that? Save, save, save.
The article discusses “catch-up contributions” (if you’re over age 50, you can contribute an extra $5,500 per year to your 401(k)) – and ways to come up with that extra money to put away. See what the author has to say.
We mentioned the Caregiving in the U.S. study results yesterday, and here’s a comprehensive article from NPR’s health blog “Shots” all about the research findings. The article cites the survey as saying that caregivers spend an average of 19 hours a week caring for an elderly family member. As AARP’s Elinor Ginzler points out – that is pretty much a half-time job – without pay. Read the blog post for full details on the changes that have happened over the years, and how caregivers are adjusting to the economy.

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