Reuters Money

Your retirement rollover decision could save you thousands

October 14, 2011


In the two decades that I’ve been covering personal finance, I’ve worked for three big companies. I like to practice what I preach, like in the video above, where I explain some simple ways that you can manage your 401(k) when you change jobs and potentially save yourself more than $60,000 in about 30 minutes.

Why 401(k) plans will fall short for most Americans

August 26, 2011

It’s time to end the fraudulent notion that 401(k)-type plans are adequate retirement vehicles for most Americans.

Deficit cutting will widen retirement gap for minorities

July 28, 2011

New research finds an appalling 20 to one chasm in net worth between white and black Americans, and an 18 to one gap between whites and Hispanics. The Pew Research Center found that the net worth gap has widened during the Great Recession, mainly because the housing bust disproportionately cut into the wealth of African-Americans and Hispanics.

5 ways a big deficit deal will whack your retirement

July 21, 2011

If Washington strikes a big deal on deficit reduction to avoid debt default, it’s going to be bad news all around for older Americans.

Financial independence day: 5 ways to get there

July 4, 2011

No fireworks will explode if you can pull off financial independence, but it sure beats working for the man. How do you do it? Do you have to live like a monk? Give up chocolate? Move to a tent? Stop watching the Cartoon Network?

Retirement solvency “a growing challenge” says GAO

July 1, 2011

The risk that retirees will outlive their assets is a growing challenge, the federal Government Accountability Office said in a not-so-newsy report released on Friday. To meet that challenge, experts advise retirees to delay the start of their Social Security benefits, avoid spending down their nest eggs too fast and consider using annuities in some situations, says the study.

Will Congress slash your 401(k) tax break?

June 16, 2011

Is Congress getting ready to slash the tax deduction on retirement saving?

The deductions on IRAs and 401(k) contributions is one of the deficit reduction options known in Washington as “tax expenditures” — that is, revenue the government foregoes through deductions, exclusions or exemptions. Overall tax expenditures — which also include deductions for big-ticket items such as mortgage interest and employer health plans – are worth more than $1 trillion a year.

“War for talent” has employers ramping up employee benefits: survey

June 15, 2011

If there’s a silver lining to be had following the financial crisis that shook the global economy in 2008, it’s this: more employers are feeling increasingly responsible for the fate of their employees — and that’s translating to more comprehensive employee benefit plans, a new survey finds.

401(k) rip-offs: How to protect yourself

June 13, 2011

There may be larcenous gremlins in your 401(k) eating your retirement money. They aren’t easy to identify and are often buried in plan documents. You will need a trained professional to exterminate them.

Are investors under 40 too risk averse?

May 26, 2011

Are today’s 20- and 30-year-olds less willing to take investment risk following the latest bear market and recession than their age group was in earlier times?