Kiplinger’s 10 Financial Decisions You Will Regret in Retirement outlines some major mistakes you can make when planning for retirement.
A new report, Homemakers Are Not Off the Hook: How Should They Be Planning for Retirement?, underscores that women and men who stay home to care for children need to focus on retirement planning.
You’ve been startled by statistics like this before: Fifty-three percent of U.S. adults have not started making financial arrangements for retirement. A new Genworth study “Aging and Retirement: A Generational Perspective” also found that four out of 10 respondents admitted that not having saved enough for retirement is their biggest financial regret.
Multiple studies find that women are less confident about a secure retirement than men. Interestingly, that insecurity flies in the face of women’s advances on the employment front. Women now account for 51.4% of all workers in high-paying management, professional and related occupations. And between 1997 and 2013, when the number of new U.S.
A new book by Wharton finance professor Richard Marston, Investing for a Lifetime: Managing Wealth for the “New Normal,” dispels some common beliefs about what Americans need to save for retirement. For example, although recent reports suggest Americans should save eight times their income for retirement, Marston argues you should save closer to 15 times.
In the wake of the Enron scandal and the credit crisis of 2008, employers have taken some steps to shore up the 401(k), the backbone of the nation’s private retirement-savings system. However, Nobel laureate Robert C. Merton says that plan sponsors and administrators have overlooked one big problem. Simply, 401(k)s are often managed with the wrong goal in mind.
The early bird catches the worm – and, in the investment world, also potential for greater returns. Think about this: IRA investors can make IRA contributions any time from January 1 of the tax year to the following year’s April tax-filing deadline.
What’s your ideal retirement? Relaxing on the beach, playing golf, spending time with your family, writing the great American novel, or travelling the world? Whatever you see yourself doing, it’s the well-deserved payoff for decades of saving, correct?
In a her paper “Borrowing from the Future: 401(k) Plan Loans and Loan Defaults” Olivia Mitchell Wharton professor of business economics a
Have you heard of the 4% rule? It simply states that an investor can withdraw 4% from his or her retirement nest egg every year in retirement and never run out of money despite the possibility of the next Great Depression Great Recession Tech Bubble etc.