retirement planning

Ready, Set, Retire. Or Not.

Posted on 02/8/2013 by |Money and Work | Comments

Bulletin Today | WorkHow can we be brave enough to retire when our nest eggs aren’t moving in the right direction fast enough? Many of us older workers are still smarting from financial crisis and the toll it took on our net worth. We watched our retirement savings fall and start to inch their way back. But we’ve also been told, time and again by financial experts, that we need to stay on the job longer to save as much as we can so …

401(k) Accounts Head North Amid Market Gains

Posted on 01/30/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsNeed a pick-me-up to go with your morning cup of coffee? Try checking out your 401(k) account. It should be fatter today. As the stock market continues to climb, so do our retirement accounts. In the last week, in fact, our portfolio balances likely increased by much more than we expected. [Retirement shortfall? See how to get back on track.] The Dow Jones index is up by nearly 2 percent in the last week, flirting with the high 14,000 mark. …

How Much Do You Need to Retire? Ask Your Employer.

Posted on 01/16/2013 by |Money and Work | Comments

Bulletin Today | WorkUnless you’ve saved  11 times your final pay ($550,000 if you were earning $50,000), don’t even think about retiring. And because few of us haven’t saved close to that, a growing number of employers are making it a bigger priority to help their workers plan adequately for retirement, a new survey says. As pension plans vanish and 401(k)s gyrate with the stock market, we know too well that workers are under more pressure than ever to save for their future. So Aon …

Meet This $50,000 Retirement Contest Winner

Posted on 12/26/2012 by |AARP Blog Author | Comments

Work“Learning about retirement planning has never been so much FUN!” Fun? Some people might use other “f” words. Maybe winning $50,000 would help change your mind. It was a game-changer for one woman (more on her in a minute). For many, retirement planning falls between somewhat intimidating to downright frustrating, or maybe even depressing — especially if you are, or have been, out of work. Those are just a few reasons why AARP’s financial security education team decided to inject some …

Retirement Planning Gets Tough for Some Workers

Posted on 12/10/2012 by |Money and Work | Comments

Bulletin Today | WorkAs if retirement planning wasn’t challenging enough, employees of at least two big companies are facing difficult news this holiday season. Workers at Hostess are wondering how they’ll make do without the full pensions they’d counted on in retirement since the company underfunded its employees’ pension plan by at least $55 million. (Some reports put that amount as high as $2 billion.) The makers of Twinkies used that money to keep the business operating. But after a labor dispute, Hostess announced …

In Sync on Finances: Not Parents and Adult Kids

Posted on 11/14/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsNo one wants to be a burden on their kids in retirement. But how parents and their adult children view some of the more pressing issues that aging brings — such as caring for sick elders or helping them financially during their retirement years — seems to be in conflict. Fidelity Investments asked 975 parents age 55 and older, and their adult children age 30 and up, whether the two generations talked in-depth about issues related to health and money …