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Chip Castille

Retirement is changing. The question is how? A scan of retirement headlines suggests that it’s largely negative, driven by overburdened retirement structures and elderly people working minimum wage jobs long into their so-called Golden Years. I think the reality is more complex, and a lot of it is simply the recognition that we have new choices.

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How close are today’s pre-retirees to being retirement ready? While there is still work to be done, the answer is closer than we might have expected. That’s the good news from a recent analysis by BlackRock and the Employee Benefit Research Institute (EBRI). The less-than-good news is that U.S. workers closest to retirement, and with the least amount of time left to bulk up their savings, are the ones who have the most work to do. [click to continue…]

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What makes a good rule of thumb? It should be memorable, pithy and, above all, useful. It also shouldn’t overreach; it just gives good guidance. “Measure twice, cut once” is a great example. It doesn’t try to explain carpentry. It just reminds us to take our time, be precise and avoid making a mistake that […]

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Asking a 25-year old to save money for his 75-year old future self is like asking him to give money to a stranger. But if you put the future in more relatable terms – like the price of beer, burger and movies – saving may start to make sense.

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President Obama got our attention in his State of the Union speech by calling for action on retirement. The President’s budget proposals, however, may reveal more about the administration’s overall vision for retirement policy.

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Riding a bike is easy – once you know how. myRA , the new retirement savings plan announced by President Obama, is like investor training wheels designed to help would-be savers overcome their fear of getting started.

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Retirement Reality: Let’s Raise the Mandatory Distribution Age

by on February 6, 2014 | Updated February 7, 2014

Is there a retirement crisis? Yes. Are changing demographics at the same time driving an evolution in retirement? Yes. Is the relationship between these two observations clear cut? Not at all.

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Retirement in 2014: It’s Your Number that Counts

by on December 31, 2013 | Updated January 2, 2014

Big numbers capture the headlines – and our attention. Throughout 2013, there has been no shortage of stories about budget shortfalls, savings gaps and other social challenges that comprise the retirement crisis. As we are wrapping up the year, here are a few numbers that caught my eye, along with three small steps you can […]

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6 Things to Worry about in Your 401(K)

by on August 27, 2013 | Updated September 17, 2013

Saving for retirement is hard enough. Unfortunately, many of us make it even harder, often without even realizing it. Here are six things that worry Chip Castille about your 401(k) – and what you can do to help alleviate those worries.  Saving for retirement is hard enough. Unfortunately, many of us make it even harder, […]

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A brief history lesson tells us that while the nation might be facing a retirement crisis, retirement itself is a relatively recent invention. Understanding how retirement evolved reminds us that we can have a lot of influence over what comes next. The nation might be facing a retirement crisis, but what does that mean? In fact, what […]

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Why do we pay fees on our 401(k) investments? Why are fees different for different funds? And what are we getting for the fee difference between Fund A and Fund B?  These are all great questions that you should ask about the funds in your 401(k) plan. Unfortunately, discussions about fees can quickly get sidetracked […]

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