mbeals

Posts by mbeals

2/13/2014 - 401(k) balances hit record $89,300 last year (CNN Money)

by on February 13, 2014 10:14 pm
The surging stock market helped boost average 401(k) balances to yet another record high in 2013. But many young and low-income workers are not doing such a great job of keeping that cash in their accounts. Read the full article at CNN Money.
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2/11/2014 - Obama's MyRA a positive but imperfect step to boost retirement saving (Chicago Tribune)

by on February 13, 2014 4:11 pm
In the world of personal finance, there is rarely something new under the sun. That’s why lots of ears perked up during the State of the Union address on January 28 when President Obama announced a new kind of retirement savings. He called it the MyRA — to rhyme with IRA, for individual retirement account.… Read more 2/11/2014 - Obama's MyRA a positive but imperfect step to boost retirement saving (Chicago Tribune)
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2/10/2014 - Rolling a 401(K) into an IRA? Ask 6 questions first (MarketWatch)

by on February 13, 2014 4:10 pm
Since the creation of the 401(k) and other employer-sponsored retirement plans, most advisers and investors have focused on how to get money into them — not necessarily how to best take money out of them. Read the full article at MarketWatch.
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2/5/2014 - Should MyRA Be Your RA? (Forbes)

by on February 6, 2014 11:02 pm
In last week’s State of the Union Address, President Obama declared the Treasury Department will create a new government-backed retirement account called myRA, aimed at low to middle income Americans. If you become eligible, should you sign up? Read the full article at Forbes.
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2/5/2014 - A New Study Paints a Rosier Retirement Picture (FiscalTimes)

by on February 6, 2014 11:00 pm
While some financial forecasts paint a grim picture for pre-retirees, new research offers a slightly rosier outlook: 401(k) benefits and Social Security might actually be enough to support you. Read the full article at The Fiscal Times.
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2/5/2014 - Let's redefine what retirement means (MoneyWatch)

by on February 5, 2014 4:09 pm
Retirement sure isn’t what it used to be. Demographic trends and economic uncertainties are making the current definition obsolete for the next generation of “retirees.” So, to plan more effectively for the last half of our lives, we need to embrace new ways of thinking about retirement that are supported by recent research, insights and… Read more 2/5/2014 - Let's redefine what retirement means (MoneyWatch)

1/22/2013 - Health Care Consumes Over a Third of Social Security Checks (Huffington Post)

by on January 23, 2014 9:06 pm
Out-of-pocket health care costs for seniors consumed over a third – 37 percent – of the average Social Security check in 2010, according to a new analysis by Social Security Works of data from the Center for Medicare and Medicaid Services. Read the full article at The Huffington Post.

1/21/2014 - Generation X faces biggest retirement hurdles (BenefitsPro)

by on January 23, 2014 5:11 pm
Baby boomers are not as prepared as they should be for retirement, but it is Generation X that faces the biggest financial threat in the future, according to a study by Financial Finesse. The study looked at the financial strengths, weaknesses, opportunities and threats to the Millennials, Generation X, late baby boomers and early baby… Read more 1/21/2014 - Generation X faces biggest retirement hurdles (BenefitsPro)

1/16/2014 - How to cut health-care costs in retirement (MarketWatch)

by on January 16, 2014 11:50 pm
Medicare beneficiaries spent on average $3,324 a year of their own money on health care in 2010, according to a recent AARP report. But 10% of beneficiaries — almost five million people — spent more than $8,030, according to the report. So, what can you do to trim those kind health-care costs in retirement? Financial… Read more 1/16/2014 - How to cut health-care costs in retirement (MarketWatch)

1/14/2014 - A working retirement is the new status quo (MarketWatch)

by on January 16, 2014 5:25 pm
Does retirement mean you don’t work? Not necessarily. One of my high school friends joined the navy at age 18 and retired with a nice benefits package at age 38. After that, he worked as a county sheriff for a couple of decades and received full retirement pay from that job as well. Many of… Read more 1/14/2014 - A working retirement is the new status quo (MarketWatch)