Premium support. This is the term for the GOP Medicare reform plan in which retirees would receive an annual stipend or voucher to purchase private health insurance, and the author of today’s article notes that, after recently analyzing the GOP premium support plan, the AARP Public Policy Institute concluded that “it would imperil retirees.” For the main points from AARP’s…
The author of today’s article divides the 10,000 baby boomers that are turning 65 each day into two groups: those that will depend on Social Security as a major source of income in retirement and those that have more savings and will therefore be less reliant on Social Security. To those in the latter group, however, she cautions that “it’s…
There have been a mounting number of class-action lawsuits of late over the retirement savings plans offered by corporations and institutions such as universities. Against this backdrop, today’s article examines some of the main allegations at the heart of many of these lawsuits, thus identifying ways in which plan sponsors can shortchange retirement savers in general. From excessive fees, to…
With it being so often repeated that the key to a secure retirement is to start saving early and put enough into your 401(k) to get your employer’s match, today’s article argues that many investors are overlooking (or underutilizing) another important savings tool – health savings accounts: “According to some advisors, HSAs are also the Holy Grail of savings vehicles…
Earlier this month a commission charged with devising a plan to strengthen the retirement security and personal savings of Americans released its report – and today’s article outlines how “a lot of high income earners are going to hate it”. The 146-page report from the Bipartisan Policy Center “includes revamps of everything from 401(k) plans to reverse mortgages to tax…
What differentiates a good 401(k) plan from a bad 401(k) plan? Today’s article identifies four parameters that can have a significant impact – to the potential tune of hundreds of thousands of dollars – on your retirement nest egg: low cost, wide diversification, no fads and ‘best in class’ funds. In terms of diversification, how many choices does the author…
“Generally, the right retirement plan is all about timing, opportunity and avoiding making major retirement mistakes. However, it’s so easy to make a mistake while planning for retirement that you’re bound to experience one or two.” Today’s article identifies “35 major retirement planning mistakes to avoid – and what to do if you end up making them.” From the (hopefully)…
“When it comes to retirement plans, 401(k)s are like vehicles. Some of them are set up to get you to retirement with all the money you need while others will leave you stranded.” Recognizing that “the flaws in retirement plans are difficult for most people to see” and that these flaws “can have catastrophic effects” in terms of coming up…