Study: Employees Will Work into their 70s-80s
What Will Happen to Retirees’ Pensions? 
Average 401(k) Balance at Record High
RETIREMENT PLANNING » IRA & ROTH Accounts
According to an announcement this week by the Internal Revenue Service, individuals contributing to their 401(k), along with other retirement plans, will be able to add more tax-free money to their accounts next year. The contribution limit for employees participating in these retirement programs will increase to $17,000 for the tax year 2012.
401(k) Retirement Contribution Increases for First Time Since 2009 
Senior citizens and other recipients of Social Security benefits will see their payments increase in 2012, according to a new government announcement. This 3.6 percent cost-of-living increase is the first granted for Social Security recipients since 2009.
Low Inflation Impacted Previous Years’ Social Security Payment Increases
Retirement continues to be a concern for Americans who worry they won’t be able to maintain a comfortable standard of living after leaving their jobs. A national poll released on Thursday by Americans for Secure Retirement (ASR) revealed 88 percent of 800 registered voters are worried retirement will be a problem for them.
Retirement Moves to Forefront of America’s Issues
Social Security at risk of running dry at some point in the future–a point that once seemed distant and not quite real to many young workers. Unfortunately, for the children and grandchildren of baby boomers, that day is now fast approaching.
A recent report issued by the Social Security inspector general revealed the office makes it a habit of issuing payments to deceased beneficiaries. This is at a time when the Social Security Administration is already in danger of running out of money for living recipients when they retire.
Social Security Has Paid $40.3 Million to Dead
The trust fund that supports Social Security disability benefits is expected to run out of money by 2017, according to new congressional estimates. If this occurs without Congress making adjustments, the program will be unable to pay full benefits to retirees in a few short years.
Baby Boomers Draining Social Security Trust Fund
For retired folks, generating the retirement income necessary to maintain their lifestyle is tricky these days. Because interest rates are so low, most retirees can no longer rely on traditional income-producing investments like CDs and U.S. treasury bonds to grow sufficient cash.
Saving for retirement is something a lot of people struggle with, especially now when many 401(k)s are still recovering from the recession and savings account rates can’t even keep up with inflation. The thought of retirement on the horizon is enough to incite panic in many of today’s employed Americans, but there’s another growing issue these workers probably never saw coming: Supporting parents during their retirement.
A new study released by Bank of America Corp. has revealed employers are improving benefits for older workers in order to retain them. More flexible work schedules and improved retirement planning options are being introduced as a way to ensure more experienced employees have a reason to stay.
94 Percent of Employers Want to Keep Older Workers
A new study released by the Employee Benefit Research Institute (EBRI) revealed that many workers will need to work into their 70s or even 80s before having enough money for retirement. According to the study, both Gen Xers and Baby Boomers should prepare themselves for a long work life if they want to cover their basic retirement expenses and health care costs.