Pensions News, Information and Guidance

"Get Your Finances Ready"-Staying Put, The Pros & Cons of Reverse Mortgage

PBS, June 23, 2008 SUZANNE PRATT: Many new or soon to be retirees want to stay in their homes. But they worry they won’t have enough money to do so or wonder what will happen if they face a financial crisis. For some a reverse mortgage can be a viable option. But it’s not for…

Uncle Sam’s Top-Notch Retirement Calculator

Yahoo Finance, June 19, 2008 An improved tool from Uncle Sam is one of the best resources available to help calculate your retirement finances. Most people have the same first question about retirement: How big a nest egg will I need? Two years ago, the Employee Benefits Security Administration, part of the Department of Labor,…

Empty Nest Egg

NYtimes, May 4th, 2008 The future of Americans’ pensions has not become a serious campaign issue so far this election season. It’s hard to get retirement issues to the front of the line when the nation faces soaring health care costs, global warming, $100-a-barrel oil, a likely recession and collapsing housing prices. There is also…

High court wants U.S. government comment on AT&T pension plan appeal

Marketwatch, October 2nd, 2007 The U.S. Supreme Court on Monday asked the Solicitor General’s Office to comment on an appeal by an AT&T Corp. pension plan facing a $31.2 million judgment in a class-action lawsuit over lump-sum retirement benefits paid to some retirees. The lawsuit, filed in October 2001, alleged changes to what mortality tables…

S&P 500 company pensions well-funded

Pensions & Investments Online, August 3rd, 2007 Standard & Poor’s 500 company pension plans, in aggregate, were 101% funded at the end of 2006, while the latest data from the public defined benefit system show it to be 86% funded, according to a study Goldman Sachs released today. The recovery in corporate funding has been…

12 steps you must take at age 60

MSN Money,   November 4th, 2006 As you round the corner into your 60s, your headlights are probably focused on one goal: retirement. The life of leisure and freedom the rest of us are still working toward is now within your grasp. Maybe. The problem with many folks at 60 is that they develop short-timers’ syndrome,…

Retirement Planning the Easy Way?

The Motley Fool, September 19th, 2006 Target-date asset-allocation funds are designed to be held until a specific year in the future — the year you intend to retire. Initially, the funds hold an aggressive mix of stocks and bonds, but they gradually become more conservative as the target date approaches. The funds’ holdings are rebalanced…