The Road to Retirement »
From Inform | 2009-07-02 14:30:45
In the United States, the age 65 usually indicates retirement. Although this number may vary from individual to individual depending on wealth, disability, job loss, or many other reasons, it is sensible to plan for retirement around that age. But it is an all-too-common mistake to rely on regular checks from Social Security and cross your fingers that the money will just be there when you need it. Instead, as soon as you get a regular job, you should begin planning out your life savings. Luckily, there are many things ...
Protecting Retirement Savings »
From Inform | 2009-07-02 14:30:45
The 401(k) plan is a popular one for many workers trying to save for retirement in the United States. Part of their income is paid directly into the 401(k) account, and income taxes on the saved earnings are deferred.
In addition, employees choose a mixture of investment options including stocks, bonds, and money market investments. However, this has caused issues, especially as the recession has reduced the saving of hundreds of thousands of ordinary people throughout the nation.
If investments are not diversified-especially if they are concentrated within ...
Madoff sentencing nears, but victims' pain goes on »
From AP News | 2009-06-28 18:56:16
Bernard Madoff will get one last creature comfort before he is sentenced Monday, probably to serve out the rest of his days in prison. The judge has given him permission to don his own clothes for the hearing, rather than a jail uniform. Jack Cutter is wearing something special, too, these days: a butcher's smock. The 80-year-old from Longmont, Colo. had to go back to work after he lost his retirement savings in Madoff ...
What's Up With Target-Date Funds? »
From Investor's Business Daily | 2009-06-24 21:21:44
The latest financial scapegoat? Target-date funds. At a joint hearing by the Securities and Exchange Commission and Department of Labor last week, critics beat up on the increasingly popular mutual funds. The catalyst was that most target-date funds — like much of the fund industry — lost ground last year. The problem was that some people were shocked by that. "Some people think these funds are risk-free," said Dennis O'Brien, president of Coastal Financial Advisers, of Farmingdale, N.J. "They don't understand that these are investments. They can lose ground ...
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