Retirement Planning

Living at a level of comfort you’re used to when you retire requires taking steps to ensure that you have enough money. Retirement planning involves examining your goals for retirement, and then figuring how much you need to meet those objectives. You need to figure-out when to start investing and saving, how much you need to save, and what you may expect to receive from other sources such as Social Security. Retirement objectives, costs and resources are issues you need to take stock of before you quit working. Otherwise, you may find that you can’t afford to stop working.

Forget About Retirement

I just read an interesting article in U.S. News & World Report.

The article is about retirement and how everything has changed for Baby Boomers over the past couple of years.

The main point is that most people need to adjust to reality and simply forget about retirement as we know it.

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Buckets for Retirement Planning

I just read an article about the use of "buckets" for retirement planning.

Anyone have any thoughts or opinions on this approach?

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Majority of Wealthy Americans Concerned about Longevity Risk

A recent survey conducted by Bank of America indicates that the majority of wealthy Americans are concerned about outliving their savings in retirement. The BofA survey results reveal that 53 percent of respondents are concerned about making their savings last through retirement, and 59 percent cite healthcare costs as a major concern. A surprising 67 percent of BofA survey respondents said that they did not work with a financial advisor for retirement planning. The survey focuses on households...

BofA Merrill Seeking More Retirement Plan Business

BofA Merrill is focused on recruiting more of its existing corporate customers to its retirement planning business. Reuters reports that the brokerage firm has recently formed three new teams of advisors what will focus on serving the retirement plans of Bank of America's current corporate and investment banking clients. The cross-referrals from the brokerage division to Bank of America have been strong thus far within the newly merged company, with the wealth management division referring 3,...

Bank of America Focusing on Retirement Planning Market

Bank of America is positioning itself to capitalize on perceived opportunities in the retirement planning market. Bank of America's acquisition of Merrill Lynch creates a number of new and interesting cross-selling opportunities. The head of BofA's wealth management and brokerage operations, Sallie Krawcheck, has identified retirement as a growth driver for the company. Source: Financial Planning Magazine Full Story

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