Archive by category Retirement

States aim to fill pension gaps with “auto IRAs”

States aim to fill pension gaps with “auto IRAs”

With a push from AARP, a small but growing number of states are legislating “automatic IRAs” for the employees of their smaller businesses that don’t offer a pension or 401(k). Currently, an estimated 55 million Americans — about half the workforce — have no employer-sponsored retirement plan to supplement Social Security, said Sarah Myseiewicz Gill, […]

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How much retirement income do you really need?

How much retirement income do you really need?

The common wisdom about how much income Americans need in retirement may not be so wise, according to the U.S. Government Accountability Office. The GAO, which reviewed 59 studies and reports on retirement income and interviewed retirement services firms and financial planners as part of the study, found that recommended target income replacement rates typically […]

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The plan that could render your 401(k) obsolete

The plan that could render your 401(k) obsolete

The financial-services landscape is littered with an alphabet soup of retirement plans — IRA, Keogh, 401(k), Roth IRA, MyRA, 403(b), etc. — and now make way for possibly one more: the GRA. Short for Guaranteed Retirement Account, the proposal is touted as a “comprehensive plan to confront the retirement savings crisis” and is being put […]

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Student debt and retirement saving don’t add up

Student debt and retirement saving don’t add up

America already has a retirement crisis, but it might end up even bleaker than some suspect. Thanks to the nation’s $1.2 trillion student loan debt, many college-educated professionals aren’t saving as much as they should be to ensure a secure retirement. The problem isn’t an easy one to solve, given that a college degree typically […]

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How to diversify your retirement income portfolio

How to diversify your retirement income portfolio

Many older workers and retirees are facing a “do-it-yourself” retirement, where you’re on your own to figure out how to use your 401(k) and IRA to generate a retirement paycheck that lasts for the rest of your life. To meet this significant challenge, you might consider constructing a diversified portfolio of retirement income that will […]

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A retiree’s view from Mexico: Buena vida

A retiree’s view from Mexico: Buena vida

JALISCO, Mexico — Picture this: Sunshine and low to mid 80s nearly every day, low humidity, free healthcare and affordable housing that includes a maid and someone to clean the pool. It’s estimated that thousands of Americans and Canadians aren’t just picturing it — they’re living it, in a lakeside town in Mexico just a […]

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