Posts Tagged ‘401(k)s’
Most 401(k) Plans Survived the Recession Intact
Research discovered that 88 percent of companies maintained matching 401(k) contributions over the past five years. Among the 12 percent of companies that either suspended or eliminated their retirement contribution programs, 5 percent have since at least partially restored their contributions. The survey results show that employers and employees [...]
Never Too Late to do Retirement Planning
Some of the assumptions we've made for generations about the best way to save and plan for retirement may no longer be true. The decline in housing and stock prices beginning with the 2008 crash, and a decline in 401(k) matches from employers, has raised the proportion of working households at risk of having too little to retire on just over half, [...]
Retirement Planning’s ‘Magic Numbers’
Fidelity Investments, the nation's largest provider of 401(k) plans has come up with a magic number to determine when your clients are saving enough. Typical wage earners, it said, should aim to save at least eight times their final annual pay to be sure they can afford basic living expenses in retirement. To come up with the formula, Fidelity [...]
Our Ridiculous Approach to Retirement
Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts. The specter of downward mobility in retirement is a looming reality for both middle- and higher-income workers. Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of [...]
