Friday, March 19, 2010
Posted by admin on February 8, 2010
Every generation has its challenges. As boomers, one of our biggest is caring for our long-lived parents, providing both physical and sometimes monetary assistance, even as we’re putting our children through college and grad school.
Posted by admin on January 18, 2010
With stocks up more than 60% since hitting bottom last March, the red ink is finally fading on the typical 401(k) account. Yes, it’s safe to look at your statement again: Balances for boomers who have worked 10 to 20 years at the same company are now down … (source: CNN) – RSS feeds and Feed widget on Feedzilla.com
Posted by admin on
With stocks up more than 60% since hitting bottom last March, the red ink is finally fading on the typical 401(k) account. Yes, it’s safe to look at your statement again: Balances for boomers who have worked 10 to 20 years at the same company are now down less than 3% on average, compared with pre-crash levels; younger employees and 45- to 64-year-olds with less tenure are solidly back in the black.
Posted by admin on December 8, 2009
Consider this, if you have doubts about any lingering damage to your retirement savings from the financial crisis: Although stocks are up more than 60% since March, the 401(k) of a typical boomer at the same company for at least 10 years is still worth less than it was two years ago — even with additional contributions over that period and employer matches. No surprise, then, that a recent AARP study found that 42% of boomers are now worried that they won’t have enough money to retire comfortably.
