Archive for May 28th, 2008

Baby boomers are quickly approaching retirement. The first boomers have already begun to apply for Social Security benefits, and many senior workers are taking stock of their investments and savings. For a lucky few, the retirement outlook is good. For most workers, however, questions linger regarding their ability to leave the workforce on the retirement […]

According to the Profit Sharing/401(k) Council of America, the number of Americans who have taken loans from their retirement funds has risen to 18 percent, from 11 percent in 2006. As the economic crisis worsens, retirement funds are being looked at as a ready source of cash to cover debts or other needs. Many of […]

Conventional wisdom says that savings and investments made before retirement are critical to a person’s ability to provide for himself after retirement. New research by Russell Investments confirms that for defined contribution plans, but puts a different spin on the importance of return on investment. The research shows that nearly two-thirds of retirement funds accrue […]

Everyone benefits when the Fed cuts interest rates, right? Actually, no! When the Fed cuts the interest rate, rates that are tied to it – like the interest paid on CDs – also drop. You may get a better interest rate on a car loan or mortgage, but your retirement investments pay the price. Twenty-six […]

According to a new study conducted by AARP, 27 percent of respondents over the age of 45 will delay retirement plans due to the faltering economy. A more ominous sign, however, is the news that nearly 25 percent of respondents between the ages of 45 and 64 are already tapping into their 401(k) plans and […]