Retirement

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Raiding the nest egg
Hard times are forcing more Americans to tap retirement savings in order to meet pressing financial needs today.

ROBERT POWELL
The other 401(k)
Savers in 403(b) retirement plans will face fewer investment choices, more rules in 2009.
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You shouldn't neglect your individual retirement accounts as a valuable part of your post-work income strategy.

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Six brutal facts about your nest egg you must confront
BY ROBERT POWELL
Confront the brutal facts. Be hopeful, but confront the brutal facts. That’s the advice Jim Collins, the author of the best-selling book “Good to Great,” gives leaders of corporations who hope to improve the fortunes of their companies. That advice can also serve well the millions of Americans who must now rebuild their retirement nest eggs or search for a new job or pay a mortgage.

Cheaper stock prices give new 401(k) investors a new deal
BY NATHAN BECKER
The bear market is providing a unique stock-buying opportunity for a small slice of the workforce.

Six big retirement obstacles the incoming president must tackle
BY ROBERT POWELL
President-elect Barack Obama has plenty on his plate as his inauguration nears, what with wars in the Middle East and a financial crisis -- and $1.2 trillion dollar deficit -- here at home.

How Madoff cost my family a job, a 401(k) and a worthy cause
BY ROBERT POWELL
For much of my life, the name Bernie Madoff has meant nothing to me. Now, however, it means far more than it should in my households and countless others across America. In my household, the net effect of the Madoff scheme is that my wife has lost all the money in her 401(k) and her job.

Retirees closer to relief on mandatory savings withdrawals
BY RUTH MANTELL
Acting to ease retiree anxiety amid growing economic turmoil, lawmakers have suspended a requirement to make a minimum withdrawal from retirement accounts.

Baby boomers face three new risks over the next 20 years: Report
BY ROBERT POWELL
Over the next 20 years, boomers will face many risks. Some are well-known and documented, such as the risk they’ll outlive their assets and spend their life savings on long-term care. Some are less understood, such as the risks resulting from a rapidly deteriorating environment. But what is unknown is how boomers will deal with these and other unique risks.

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