November 3, 2004 05:31 PM
Are You Retirement Ready -- Or Not?
Excerpt: The more conservatively you invest your retirement portfolio, the more likely it is you will run out of money before you run out of life. This is what's known as "longevity risk." It's the risk of outliving your assets.
Dear Friends
I have a confession to make: I'm a pack rat. Make that a selective pack rat. I keep files of information — reports, press releases, studies, etc. — on all sorts of financial topics. But the biggest file by far is the one labeled: "Retirement." It takes up a full drawer. When fresh research crosses my desk, I go through the drawer, cull out older information and add the new.
That's what I was doing when a pattern of sorts emerged. But rather than tell you what I've concluded, I thought I'd lay out the bare facts and ask you to tell me what you think it means. Here are some recent tidbits:
— On average, 45 percent of American workers do not participate in their employer-sponsored retirement plan. 24 percent say it's because they have "other" financial priorities.
I wonder if those other priorities are going to mean much when they're 70.
READ FULL STORY ...
How to Avoid Living Like a Poor Student at Age 70 (November 09, 2004)
I am going to make this really simple. It is fine to have no money when you're young. It is not fine to have no money when you're old. It is even fun to be poor when you're in college or right out of it ...
What Social Security Might Look Like (November 09, 2004)
NEW YORK (CNN/Money) - President Bush plans to make Social Security reform one of the top priorities in his second term. The president says his Cabinet will immediately begin efforts to reform America's ailing system, but he said making changes to the retirement program would ...
Read all 52 posts in the same category of Retirement:
Avoiding Confusion With IRA Rollovers -
Feb 19, 2005
Greenspan Backs Idea of Accounts for Retirement - Feb 18, 2005
Greenspan Sees Medicare Crunch - Feb 17, 2005
Bush Seeking Help For Overhaul - Feb 13, 2005
Social Security Plan Hinges on the Peg - Feb 13, 2005
Americans Worry About Saving - Feb 10, 2005
Online Calculators Test Social Security Scenarios - Feb 10, 2005
Retirement Turns Into a Rest Stop as Benefits Dwindle - Feb 10, 2005
Automatic 401(k) Enrollments May Lasso Lackadaisical Savers - Feb 04, 2005
Taking the Wheel Before a Pension Runs Into Trouble - Jan 31, 2005
Taking Time Off - Jan 25, 2005
Planning Your Retirement Online - Jan 23, 2005
A Hole In Krispy Kreme's Balance Sheet? - Jan 15, 2005
Five Keepers - Jan 15, 2005
Are Spendthrift Americans Really the Problem? - Jan 09, 2005
White House Memo Argues for Social Security Cuts - Jan 05, 2005
The Other Retirement Crisis - Dec 29, 2004
If You Didn't Save 10% of Your Income This Year, You're Spending Too Much - Dec 27, 2004
Model Reveals Social Insecurity - Dec 27, 2004
Want to Retire Early, It May Take Some Work - Dec 27, 2004
What You Need To Know About Personal Savings Accounts - Dec 27, 2004
Going The Distance - Dec 26, 2004
Future Retirees To Lose Health Coverage - Dec 26, 2004
The Gift Of Financial Stability - Dec 26, 2004
Model Reveals Social Insecurity - Dec 21, 2004
Banks Stay Calm On Social Security - Dec 21, 2004
Six Ways to Sleep Better in Retirement - Dec 19, 2004
Social Security: Five Burning Questions - Dec 19, 2004
Bush: Start Bow On Social Security - Dec 18, 2004
Bush Says Social Security Plan Would Reassure Markets - Dec 17, 2004
Are You Ready To Retire? - Dec 13, 2004
Last-Minute Retirement Planning - Dec 12, 2004
Small Change Adds Up To Big Savings - Dec 09, 2004
Bush To Borrow To Fix Social Security - Dec 07, 2004
Moving Smoothly Into Retirement - Dec 07, 2004
Get Healthy, Get Wealthy - Dec 06, 2004
Five Books to Retire By - Dec 05, 2004
Tax Policy Promotes Early Retirement - Dec 02, 2004
Fidelity Analyzes Pension Performance - Dec 02, 2004
Social Security COLA Increase Looks Puny - Dec 02, 2004
No More IRA Leniency - Nov 29, 2004
To Yield A Good Retirement, Get Real, And Work It Out - Nov 28, 2004
Social Security Reforms On The Way? - Nov 26, 2004
Some New Ways To Preserve Your Retirement - Nov 23, 2004
Living Trust Offers: How to Make Sure They're Trust-Worthy - Nov 22, 2004
How to Forecast a Lifespan - Nov 21, 2004
Be Happy, And Put Retirement Fears to Rest - Nov 21, 2004
Seven Ways to Stop Saying 'Oops!' - Nov 21, 2004
Retirees Don't Have to Be So Frugal: A Case for Withdrawing Up to 6% a Year - Nov 17, 2004
How to Avoid Living Like a Poor Student at Age 70 - Nov 09, 2004
What Social Security Might Look Like - Nov 09, 2004
Greenspan Backs Idea of Accounts for Retirement - Feb 18, 2005
Greenspan Sees Medicare Crunch - Feb 17, 2005
Bush Seeking Help For Overhaul - Feb 13, 2005
Social Security Plan Hinges on the Peg - Feb 13, 2005
Americans Worry About Saving - Feb 10, 2005
Online Calculators Test Social Security Scenarios - Feb 10, 2005
Retirement Turns Into a Rest Stop as Benefits Dwindle - Feb 10, 2005
Automatic 401(k) Enrollments May Lasso Lackadaisical Savers - Feb 04, 2005
Taking the Wheel Before a Pension Runs Into Trouble - Jan 31, 2005
Taking Time Off - Jan 25, 2005
Planning Your Retirement Online - Jan 23, 2005
A Hole In Krispy Kreme's Balance Sheet? - Jan 15, 2005
Five Keepers - Jan 15, 2005
Are Spendthrift Americans Really the Problem? - Jan 09, 2005
White House Memo Argues for Social Security Cuts - Jan 05, 2005
The Other Retirement Crisis - Dec 29, 2004
If You Didn't Save 10% of Your Income This Year, You're Spending Too Much - Dec 27, 2004
Model Reveals Social Insecurity - Dec 27, 2004
Want to Retire Early, It May Take Some Work - Dec 27, 2004
What You Need To Know About Personal Savings Accounts - Dec 27, 2004
Going The Distance - Dec 26, 2004
Future Retirees To Lose Health Coverage - Dec 26, 2004
The Gift Of Financial Stability - Dec 26, 2004
Model Reveals Social Insecurity - Dec 21, 2004
Banks Stay Calm On Social Security - Dec 21, 2004
Six Ways to Sleep Better in Retirement - Dec 19, 2004
Social Security: Five Burning Questions - Dec 19, 2004
Bush: Start Bow On Social Security - Dec 18, 2004
Bush Says Social Security Plan Would Reassure Markets - Dec 17, 2004
Are You Ready To Retire? - Dec 13, 2004
Last-Minute Retirement Planning - Dec 12, 2004
Small Change Adds Up To Big Savings - Dec 09, 2004
Bush To Borrow To Fix Social Security - Dec 07, 2004
Moving Smoothly Into Retirement - Dec 07, 2004
Get Healthy, Get Wealthy - Dec 06, 2004
Five Books to Retire By - Dec 05, 2004
Tax Policy Promotes Early Retirement - Dec 02, 2004
Fidelity Analyzes Pension Performance - Dec 02, 2004
Social Security COLA Increase Looks Puny - Dec 02, 2004
No More IRA Leniency - Nov 29, 2004
To Yield A Good Retirement, Get Real, And Work It Out - Nov 28, 2004
Social Security Reforms On The Way? - Nov 26, 2004
Some New Ways To Preserve Your Retirement - Nov 23, 2004
Living Trust Offers: How to Make Sure They're Trust-Worthy - Nov 22, 2004
How to Forecast a Lifespan - Nov 21, 2004
Be Happy, And Put Retirement Fears to Rest - Nov 21, 2004
Seven Ways to Stop Saying 'Oops!' - Nov 21, 2004
Retirees Don't Have to Be So Frugal: A Case for Withdrawing Up to 6% a Year - Nov 17, 2004
How to Avoid Living Like a Poor Student at Age 70 - Nov 09, 2004
What Social Security Might Look Like - Nov 09, 2004
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