Nearly 45 percent of U.S. households are "at risk" of not having enough to maintain their living standards in retirement, according to the National Retirement Risk Index, a special project of the Center for Retirement Research at Boston College.
As years go, 2010 is on course to be a blockbuster for retirement-account owners. Starting in January, all Americans who own a traditional IRA — not just those who have modified adjusted gross income under $100,000 — will be able to convert their accounts to a Roth IRA.
With the economy and the markets showing tentative signs of a rebound, millions of Americans are focusing on their 401(k) plans with fingers crossed, hoping to make up the estimated $3.7 trillion employees’ retirement accounts lost during the crash.
When Manuel Frazao climbed aboard his most recent cruise, the first thing he did was take off his shoes. But the New Britain, Conn., retiree wasn’t prepping for the pool or testing a new seasickness remedy. He just wanted to feel the grass between his toes.
It's illegal for employers to discriminate based on age. But age bias is widely acknowledged to be a key factor in job loss and hiring practices - something that should be painfully obvious to even a casual reader of newspapers, which routinely run articles about laid-off midlife workers.
Laurie Orlov grew up in the corporate high-tech world, working for 30 years as an information technology executive and later as an analyst for Forrester Research, the respected technology research company.