“It enables them to earn income, continue saving for retirement and bridge savings shortfalls — with more free time for personal pursuits,” says
Catherine Collinson, CEO and president of the nonprofit Transamerica Institute.
How to Protect Your Retirement Portfolio in a Market Downturn. Make these moves now to safeguard your investments against volatility
How’s this for troubling news. A survey released by the nonprofit Investor Protection Institute (IPI) reports that fewer than two in five millennials are saving for retirement. The new online survey of 1,016 millennials is worth sitting up and paying attention to for many reasons. I will fill you in on the findings in a […]
I watched the disturbing Frontline documentary on PBS, The Retirement Gamble, and not surprisingly, I got to thinking about the fees I pay for investing in my retirement accounts. On average, 401(k) fees reduce investment returns by 1 to 2 percent a year. As I read in this Next Avenue post, the Demos think tank published a report last […]
Ouch. The Center for Retirement Research at Boston College has released a new report that suggests even more serious problems ahead for future retirees. The news “is truly alarming,” writes the report’s author Alicia H. Munnell, the director of the Center for Retirement Research at Boston College and the Peter F. Drucker Professor of Management Sciences at […]
Social Security turned 77 this week, and Mitt Romney’s choice of running mate, Paul Ryan, has put the retirement program on the front burner as a campaign issue. So I’ve been reminded once again about Social Security’s frailty as a backstop for retirement income, especially for women in their 50s and 60s. This point was […]