Category Archives: Retirement
Couples are worrying more about their retirement savings. Maybe they should start by figuring out how much they have saved in the first place.
When asked how much in savings they collectively have, or how much their partner makes in income, many couples get the answer to basic questions wrong, according to a survey for Fidelity Investments. Read More
Whether you’ve been working for years or are new to the work force, it’s never too early to start planning for retirement. Will you have the money you need? Establishing a retirement account may help you answer: Yes! A retirement account can help you save and prepare for your financial future so you have enough money when you’re ready to retire. Here are some of the most common retirement accounts. Read More
Are you contributing? Have you designated a beneficiary? Did you inherit an IRA? Bruce Snow, Investment Representative with Zions Direct, outlines three of the common mistakes he sees people make with their individual retirement accounts. Read More
A medical emergency leaves you with tens of thousands of dollars in unpaid hospital bills. Your health insurance company rejects coverage for an important medical test. An unexpected diagnosis requires you to find three new medical specialists.
In today’s health care system, consumers are increasingly on their own when these complex — and often costly — medical problems arise. Primary care doctors once helped patients manage such situations, but many physicians now have 15 minutes or less for each appointment. It’s in this high-pressure environment that a new industry of patient advocates — sometimes called patient navigators — has emerged, offering to help guide patients through knotty health situations. Read More
Many of us hold on to an idyllic vision of our golden years, imagining we’ll be in good health and living self-sufficiently in our own home.
But that scenario is likely to get dashed. On average, nearly 70 percent of 65 year-olds will eventually need some form of long-term care, according to the U.S. Department of Health & Human Services. And HHS estimates that 20 percent will need it for more than five years. Read More
William Kistler views retirement like someone tied to the tracks and watching a train coming. It’s looming and threatening, but there’s little he can do. Read More
Where to find the fees charged by your 401(k) retirement funds? “Sorry to say there isn’t an easy answer to where to find all expenses on retirement accounts, which is definitely part of the problem,” says Jennifer Erickson, co-author of a new study of 401(k) fees by the Center for American Progress. Your quarterly statement may not show all the fees and “can be even more confusing,” Erickson says.
AOL CEO Tim Armstrong announced last week that instead of contributing to an employee’s retirement each paycheck, the company would give a lump sum payment at the end of the year, a move that could lower costs but potentially hurt employees’ savings. The backlash was immediate, forcing Armstrong to backtrack within days.