News on Retirement Planning

Accountants For Retirement Planning

2010-03-13T12:35:15Z

Although your retirement age may still be years away and it seems a bit premature to be worrying about it at the moment, time goes by very quickly and if you have a family to consider then it can never be soon enough. Making plans to secure your families future, and your golden years, is something we should all be taking care of. Whether it is setting up your own business, getting help with your book keeping, creating a savings plan for your children?s college education, or saving for your re...

Market rebounds, but workers have minimal savings

2010-03-09T09:00:30Z

<div id="subtitle">Workers struggle to save for retirement, more report they have nothing set aside</div><div><p>Tom Taormina is 65 and has no retirement savings.</p><p>The Virginia City, Nev., business consultant said it's not for lack of trying. He and his wife, Midge, have tried to save and at one time invested in the stock market, but it's all been depleted.</p><p>"We're scrambling to make it through ...

Biden announces retirement savings safeguards

2010-02-26T08:45:29Z

<div id="subtitle">Biden announced new protections for retirement savings accounts</div><div><p>The Obama administration on Friday proposed new regulations aimed at protecting workers' retirement savings from unethical financial advisers.</p><p>The safeguards would protect workers from conflicts of interest on the part of advisers who manage their 401(k)s and individual retirement accounts. The administra...

Biden unveils new rules on retirement savings

2010-02-26T08:45:22Z

<div><p>WASHINGTON (Reuters) - Vice President Joe Biden on Friday proposed new rules to help protect U.S. workers' retirement savings as part of a broader government effort to bolster the finances of middle class voters.</p><p>With President Barack O...

Pew Study Finds States Face $1 Trillion Shortfall in Retiree Benefits

2010-02-22T08:25:52Z

&lt;div id="subtitle"&gt;Pension gap problem might be worse than previously reported&lt;/div&gt;&lt;div&gt;&lt;p&gt;Social Security isn't the only retirement system in trouble.&lt;/p&gt;&lt;p&gt;A new report from the Pew Center on the States finds a $1 trillion gap at the end of fiscal year 2008 between the $2.35 trillion ...

Fidelity reports 10-year 401k account performance

2010-02-22T09:03:16Z

<div id="subtitle">Fidelity: Commitment to saving helped 401k accounts grow despite volatile market</div><div><p>If you had money in the stock market over the past decade, you probably agree that it was one bumpy experience. It might lead you to think your retirement account didn't fare too well. A new study by Fidelity Investments shows consistent contributions and sta...

Do you understand your pension plan?

2010-02-22T09:30:34Z

<div id="subtitle">Defined-benefit vs. defined-contribution plans</div><div><p>In the past, the thought of retiring with a pension was very likely to raise images of a secure and steady retirement income after years of loyal service. </p><p>But times have changed. </p><p>Many pension plans used to be defined-benefit plans, in which the payments that you received from your employer wer...

Building a Successful Practice as a Retirement Plan Specialist

2010-02-22T13:12:43Z

Building a Successful Practice<br>It is estimated that 70-80% of investors who deal with a stockbroker, financial planner or advisor will change advisors before retirement. Some will make the change while in their fifties, others will wait until their early or mid-sixties. The reason for the change is simple: Investors view their financial person as being ?growth oriented,? an accumulator who is not an expert when it comes to structuring income. When the change is made, a retire...

Obama makes auto IRA, retirement savings a focus

2010-02-22T13:44:29Z

<div id="subtitle">Obama gearing up effort to boost Americans' retirement savings via auto IRA, other measures</div><div><p>President Barack Obama is launching an effort to help Americans save more for retirement, hoping a government nudge or two can get them to do what many are unable to do on their own.</p><p>The package includes programs to guarantee all ...

Tips To Save Tax For The Retired Individuals

2010-02-22T13:57:32Z

Most of the retired individuals try to scour the web pages looking for latest stock strategies, hot market trends and newer ways to make money and getting the most out of their current investments. However, after paying tax all their life, they feel that they are not going to deal with the IRS issues anymore. But, little do they bother to know about how retirement Income is taxed, pension and Annuity Income taking...

How Much Money Do I Need to Retire?

2010-02-22T14:16:10Z

One of the most important steps in a successful retirement plan is to estimate how much money you need to retire. This is actually a fairly straightforward task because there are simple mathematical formulas and easy-to-use online retirement calculators designed to help you. The process is well understood and the tools are easily accessible on the internet.<br><br>Using a ?Retirement Calculator? is really pretty easy; the most difficult part is accurately estimatin...

How to Roll Over Your 401(k)

2010-02-22T14:16:19Z

Are you planning to retire in the near future, or have you recently or left your job where you had a 401(k)? The good news is that since these accounts are tied to your employer, once you cut your ties with that employer, you?re generally entitled to do what you wish with those funds. Unfortunately, many individuals take losses and/or penalties by withdrawing their funds. The best option is to rollover your 401k into an individual retirement account (IRA).<br><br>A...

Case tossed against 5 San Diego pension officials

2010-02-22T15:08:00Z

<div id="subtitle">State high court: Only 1 of 6 accused San Diego pension officials to face criminal charges</div><div><p>The California Supreme Court on Monday tossed out charges against five of six former members of San Diego's troubled pension board who had been accused of casting votes that personally benefi...

Start thinking now about 2010 taxes

2010-02-22T18:07:11Z

<div id="subtitle">Looking ahead: It's not too early to start doing some tax planning for 2010</div><div><p>It's not too early to start thinking about your 2010 taxes — even though the deadline for filing 2009 returns is still months away.</p><p>Some of the credits and deductions put in place last year will continue. Others will disappear. And there are some new things to consider.</p><p&...

Retiree Annuities May Be Promoted by Obama Aides

2010-02-22T20:44:32Z

<div><p> By Theo Francis </p><p> [Bloomberg] -- The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged. </p><p> The Reuters) - H&amp;R Block Inc will pay as much as $20.2 million to settle a New York lawsuit accusing it of fraudulently marketing retirement accounts that caused hundreds of thousands of mostly lower-income clients to lose money.</p><p>New York New York AG Cuomo, will repay up to $19M in fees</div><div><p>H&amp;R Block Inc. will refund up to $19.4 million in fees to customers who bought an individual retirement account product, which the New York attorney general claims was ...

H&R Block settles nationwide IRA lawsuit: Cuomo

2010-02-23T01:36:35Z

<div><p>NEW YORK (Reuters) - H&amp;R Block Inc will pay as much as $20.2 million to settle a New York lawsuit accusing it of fraudulently marketing retirement accounts that caused hundreds of thousands of mostly lower-income clients to lose money.</p><p>New York Robert Myers of suburban Chicago d...