New ways to shelter your retirement (CNN Money)

August 19, 2009 by  
Filed under Retirement Finances

For years a cardinal rule of retirement investing has been to put every penny you can into IRAs, 401(k)s, and other tax-deferred accounts. That advice rested on a commonsense assumption: that after you stopped working you’d move into a lower tax bracket. That was important because the money you take out of a tax-deferred account is subject to ordinary income taxes.

Don’t forego an emergency savings fund for a bigger 401(k) (Money via Yahoo! Finance)

August 19, 2009 by  
Filed under Retirement Finances

Question: I’m 25 years old and am considering upping my contribution to my 401 from 20% of my salary to 30%. My only hesitation is that I don’t currently have any other savings. What do you think?

Ask the Experts: Self-employed can set up retirement plans (The Sacramento Bee)

Setting up retirement accounts. Making financial gifts to minors. Creating a living trust. This week, two of our “Ask the Experts” writers – certified financial planner Cynthia S. Meyers and estate attorney Mark S. Drobny – tackle those topics.

Favre comes out of retirement again (BigPond News)

NFL great Brett Favre has turned his back on retirement by agreeing to play for the Minnesota Vikings.

Robert Powell: Use an annuity to make your own pension (Market Watch)

August 18, 2009 by  
Filed under Retirement Finances

People saving and investing for retirement need “personal pensions,” or what others often refer to as annuities.

Diamond Hill Financial Trends Fund, Inc. Announces Retirement of Two Directors (PR Newswire via Yahoo! Finance)

August 18, 2009 by  
Filed under Retirement Finances

Diamond Hill Financial Trends Fund, Inc. announced today the retirement of Directors H. Hall Ware and Robert Freedman who have provided exemplary service to the shareholders of the Fund for 20 and 13 years, respectively.

Using Age-Based Funds In Your 401(k) (Investopedia via Yahoo! Finance)

August 17, 2009 by  
Filed under Retirement Finances, Stocks and Investing

If you prefer a “hands-off” approach to saving for retirement, target-date funds may be for you.

SD Retirement System gains back half of losses (AP via Yahoo! Finance)

The South Dakota Retirement System recovered about half of its earlier losses when stocks rose in the last few months of the 2009 fiscal year, state Investment Officer Matt Clark told a legislative committee Monday.

One killed in Belgian retirement home (Sydney Morning Herald)

August 17, 2009 by  
Filed under Retirement Finances

A pair of armed men have robbed two retirement homes in Brussels, killing one employee and injuring another during their crime spree, police said.

Personal Finance Daily: Avoiding scams is a lifelong job (Market Watch)

It seems that once people get older, they’re more likely to come into direct contact with scams, maybe simply because they have more time to take the calls and read the mail. That’s bad news for retirement nest eggs.

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