saving for retirement

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 …

Midlife Workers Living Paycheck to Paycheck More Than Younger Adults

Posted on 08/16/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsFewer of us are living paycheck to paycheck this year, but that sweet relief seems to have skipped over some midlife workers. A new survey says workers ages 45 to 54 are struggling most to pay the bills while those closest to retirement seemed to be doing best. The jobs site CareerBuilder polled nearly 3,900 workers about their finances. Overall, 40 percent say they rely on their next paycheck to make ends meet. Most of those workers say paying bills …

Half of Older Adults Surveyed Plan to Put Off Retirement

Posted on 05/17/2012 by |Money and Work | Comments

Bulletin Today | Work  We’re nearly three years into an economic recovery yet an increasing number of older Americans are still tapping into their retirement funds and pushing back their retirement date. A Bank of America survey of 1,000 working Americans in April (nearly 700 of them were age 51 and older) found that people were more pessimistic about their financial futures compared with two surveys in 2011. Respondents, who had between $50,000 and $250,000 in 401(k) plans and other assets, were asked about their …