retirement savings

Retirement Saving: Let’s Do It Like the Aussies

Posted on 06/10/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings  Retiring in Australia appears to be much more pleasurable than in the United States — and it has nothing to do with gathering around the barbie and watching marsupials romp. Most workers who retire in the land Down Under apparently don’t have to worry so much about outliving their savings. That’s because about 90 percent of the workforce has a retirement savings account, and contributing to it is mandatory. Yep, you read that correctly. Most workers sock away at least …

A Retirement Reality Check, Courtesy of Gallup

Posted on 05/23/2013 by | Who's News | Comments

Bulletin Today | Money & SavingsThinking about your eventual retirement? If you’re relatively well-off, you’re probably confident that your tax-deferred savings will provide your major source of income. But if you’re at the other end of the income ladder, you’re more likely to count on Social Security benefits to tide you over. Those are some of the findings of a newly released Gallup poll that reveals glaring contrasts between how nonretired Americans from different income levels expect to fund their retirement years. The key takeaways: Among …

Retirement Crisis: Are We There Yet?

Posted on 05/23/2013 by | AARP Blog Author | Comments

Public Policy InstituteIt seems like you can’t open up a newspaper (or twitter feed) without reading about the impending “retirement crisis.”  The word crisis, used to describe so many things, may get the public’s attention, but is it accurate?   Many retirees today struggle to make ends meet and others face dire situations triggered by job loss or unexpected health expenses.  But the prospect of a broader retirement crisis depends on your frame of reference. Because of the protections Social Security provides, …

Recession Will Haunt Us Into Retirement

Posted on 05/17/2013 by | Money and Work | Comments

Bulletin Today | WorkOlder boomers, many at retirement’s doorstep, lost more than quarter of their net worth during the recession. Yet they may be the last demographic to retire with enough savings to live comfortably, according to a new study. Younger boomers (in their late 40s and 50s), and Gen-Xers (in their late 30s and early 40s) are on track to retire with skimpier savings. Consequently, they’re likely to face a pared-down lifestyle in retirement. Put another way, they’ll be the first two …

How Much Income Will Your 401(k) Provide?

Posted on 05/13/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsYou may be throwing money into your employer-sponsored retirement plan — let’s hope you are — but do you know how much estimated monthly income your plan will provide over your lifetime? Employers are required by law to provide an outline of what workers can expect to get in estimated monthly retirement income from their traditional pension plans. But that’s not the case for 401(k) and 403(b) plans. [Find out if you're saving enough for retirement with AARP's calculator]. Maybe …

Retirement Gamble: Wake-Up Call on 401(k) Fees

Posted on 04/24/2013 by | AARP Blog Author | Comments

Money & SavingsWorried about how you’re going to pay for retirement? Join the club. A PBS Frontline documentary called The Retirement Gamble shows that you’re in good company. The silver lining: a brighter spotlight on hidden fees, plus information to help make the most of whatever you can sock away. Kudos to journalist Martin Smith, who ‘fessed up to the common mistake of saving for his kids’ education at the expense of his own retirement security (more on why it’s okay – and …