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Retirement
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Retirement

MSNBC MORNING JOE-Video
Time Magazine Retire the 401k interview
http://www.youtube.com/watch?v=2SNoZzmoMOA

60 MINUTES-Video
The 401k Meltdown
http://www.cbsnews.com/video/watch/?id=4955194nour

CNBC-Video
Interview “Retire the 401k”  (different than the Time Magazine interview)
http://curiouscapitalist.blogs.time.com/2009/10/12/bashing-401ks-on-cnbc/

CBS MONEY WATCH
Will Boomers™ Retirement Cause a Stock Market Crash?  (04.23.2010)
A former systems analyst and strategic planner with a quarter-century of experience in government, believes stock prices are doomed to fall as baby boomers cash out of their 401(k)s and IRAs. (The oldest boomers turn 64 this year; the youngest hit 46.) With much smaller generations following the largest demographic bulge in U.S. history, (he) reasons, boomers will flood the market as they sell their stock holdings, depressing prices and possibly causing a market crash.
http://moneywatch.bnet.com/retirement-planning/article/will-boomers-cause-a-stock-market-crash/411947/

FORBES
Are Immediate Fixed Annuities A Good Idea? Sure, If You Have $100,000 To Spare  (05.21.2010)
First, once you've invested your money, you can only withdraw it according to your monthly, quarterly or annual plan. (In other words: if you want out entirely, you're pretty much screwed.)  Second, if you don't sign up for the right plan and you die just a few years into the contract, the insurance company keeps all of your money.
http://www.forbes.com/2010/05/11/personal-income-funding-retirement-investments-forbes-woman-net-worth-annuities.html?boxes=Homepagechannels

INSURANCE NEWS NET
NAFA Appeals to Government Agencies to Use Fixed Annuities in Retirement Income Planning  (05.21.2010)
The fixed annuity advocacy group noted that fixed annuities are the only products that allow individuals to accumulate retirement savings, protect their savings from declining markets and receive guaranteed income for life.
http://insurancenewsnet.com/article.aspx?id=189152&type=newswires

DOUGLAS ANDREW-Video
Missed Fortune, Lock and Reset VS The Market
http://www.youtube.com/watch?v=JSi5_qooDZw&feature=related

DOUGLAS ANDREW-Video
Missed Fortune, The 3 Houses
http://www.youtube.com/watch?v=xxARPDcVLcA

CNBC-Video
Investing in Life Insurance
http://www.youtube.com/watch?v=1sskwUTj4z8

AGENT’S SALES JOURNAL
Why Indexed Life is a Great Alternative to More Popular Retirement Savings Plans  (05.10.2010)
The life insurance industry has the best IRS-approved retirement savings plan today — and most advisors know nothing about it. This retirement savings vehicle is not a qualified plan or an investment that goes inside one. It’s also not a Roth. It’s not an annuity or whole life. Despite sales of around $1 billion in 2009, it is the financial industry’s No. 1 secret — indexed universal life (IUL).
http://www.asjonline.com/Issues/2010/5/Pages/Why-Indexed.aspx

NATIONAL UNDERWRITER
Why Not Position Life Insurance For Tax-Free Income?  (04.23.2010)
Shouldn't the sale be framed to focus on the value to the customer for the money spent, including the value during retirement? Think about it. What other financial vehicle can provide tax-free income other than a heavily funded life policy? And the only limit is the amount of money the customer wants to use to fund his or her retirement. Do consumers know this? Has the industry demonstrated the financial power of life insurance to provide tax-free retirement income?
http://www.lifeandhealthinsurancenews.com/Issues/2010/April-5-2010/Pages/Why-Not-Position-Life-Insurance-.aspx

US NEWS AND WORLD REPORT
The 10 Biggest Sources Of Retirement Income  (05.21.2010)
Working Americans tend to have one major source of income: their job. But once you retire, your income is likely to come from several different sources, including retirement account withdrawals, monthly Social Security payments, and increasingly, a part-time job.  Almost half (45%) of Americans expect to fund their retirement with a 401(k), IRA, Keogh, or other type of retirement account, Gallup found, down from 52% in 2007. But only 22% of current retirees consider retirement account withdrawals to be one of their major sources of retirement income … The stock market is falling out of favor as a way to generate income in retirement. Only 1 in 5 current workers think stocks and stock mutual funds will provide a significant amount of their retirement income, down from 24% in 2007. About 14% of current retirees are using stocks or funds to pay for part of their living expenses.
http://www.usnews.com/money/retirement/articles/2010/05/10/the-10-biggest-sources-of-retirement-income.html

Time Magazine
Why its time to retire the 401k (10.19.2009)
http://www.time.com/time/business/article/0,8599,1929119,00.html

FORBES
The Tax Deferral Trap (09.07.2009)
http://www.forbes.com/forbes/2009/0907/opinions-william-baldwin-side-lines_print.html

SAN FRANCISCO CHRONICAL
Will Your Retirement Income Be Enough?  (05.21.2010)
The Employee Benefits Research Institute reports that if current trends continue, by 2030, the annual shortfall between the amount retired Americans need and the amount they actually have will be at least $45 billion. If you want to avoid having to flip burgers at age 75, one of the best things you can do for yourself is to calculate now how much you'll need in the future.
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/05/11/investopedia1101.DTL

ALL GOV.com
Americans Have $16 Trillion in Retirement Assets  (05.21.2010)
According to an analysis by the Investment Company Institute, the U.S. had $16 trillion as of the end of 2009 in all retirement accounts. That’s about $52,000 per person, although it is not evenly distributed.
In 2007 the wealthiest 10% of the U.S. population owned 67.4% of total IRA and Keough assets.
http://www.allgov.com/Where_is_the_Money_Going/ViewNews/Americans_Have_16_Trillion_Dollars_in_Retirement_
Assets_100511

THE WALL STREET JOURNAL MARKET WATCH
Staying Healthy May Cost You In Retirement  (05.21.2010)
Over a lifetime, healthy retirees may pay as much as $105,000 more than those in poor health, according to the report … the truth of the matter is that you need to consider buying a long-term-care insurance policy and Medigap insurance, and factoring such costs into your budget.
http://www.marketwatch.com/story/staying-healthy-may-cost-you-in-retirement-2010-05-13

THE NEW YORK TIMES
Automaker Pensions Underfunded by $17 Billion  (04.23.2010)
If either company’s plan must be terminated, the government would become liable for paying benefits to hundreds of thousands of retirees. The effect on the government pension insurer, the Pension Benefit Guaranty Corporation, would be unprecedented, the report said. The agency manages plans with assets totaling $68.7 billion, less than the $84.5 billion in G.M. plan alone.
http://www.nytimes.com/2010/04/07/business/07cars.html

FINANCIAL ADVISOR
Social Security May Be Rescued By Baby Boomers  (04.23.2010)
The assumption about boomer retirement rates, however, may be flawed. Already, older workers--those 65 and older--are staying in the labor force in higher proportions than before. Data from the Bureau of Labor Statistics show 17% of the senior population is in the labor force, up from about 12% in the 1990s.
http://www.fa-mag.com/fa-news/5422-social-security-may-be-rescued-by-baby-boomers.html

U.S. NEWS AND WORLD REPORT
7 Retirement Risks You Need to Prepare For  (04.23.2010)
There are many things that could go wrong with even a carefully planned retirement. Inflation, running out of money, and future stock market slumps are possibilities that all retirement savers need to prepare for.
http://www.usnews.com/money/blogs/planning-to-retire/2010/04/02/7-retirement-risks-you-need-to-prepare-for.html

FINANCIAL ADVISOR
Retirement Planning Not A High Priority For Many   (04.23.2010)
As in 2007, one-third of the pre-retirees surveyed last year said that retirement, and therefore retirement planning, didn't apply to them either because retirement struck them as a financial impossibility (31%) or because they suppose they'll still want to be in the workforce (23%). Less than a third of pre-retirees (28%) planned to leave their primary occupations at age 65.
http://www.fa-mag.com/fa-news/5417-retirement-planning-not-a-high-priority-for-many.html

WASHINGTON EXAMINER
Study: State pensions underfunded by $500 billion  (04.23.2010)
The shortfall could create major financial crisis for the state. And California is not alone: states around the country are facing massive shortfalls in their pension and retiree health care obligations that academics have estimated surpass $3 trillion.
http://www.washingtonexaminer.com/local/ap/study-calif-pensions-underfunded-by-500-billion-89959882.html

Time Magazine
The Great Retirement Ripoff    The Broken Promise (10.23.2005)
http://www.time.com/time/magazine/article/0,9171,1122017,00.html

BOSTON HERALD
Roth IRA Conversion Opportunity Confounds Many  (05.21.2010)
"At the end of the day, you have to write a bigger check now to the IRS," says Chris McDermott, a Fidelity Investments vice president specializing in retirement planning. "That’s not something people are going to take lightly - nor should they."
http://www.bostonherald.com/business/general/view.bg?articleid=1254118&srvc=business&position=recent

THE MOTLEY FOOL
IRA Loans  (04.23.2010)
It seems lots of people were taking money out of one IRA not just because they wanted to roll over to a new account, but because they were borrowing money. They were using their IRA as a source for a short-term loan. This can work out well -- the trick, though, is to take the limits and rules seriously.
http://www.fool.com/investing/ira/2007/08/17/should-your-ira-be-your-cash-machine.aspx

FINANCIAL ADVISOR
Roth IRA Conversions Fraught With Mistakes  (04.23.2010)
Tens of thousands, perhaps even hundreds of thousands, are deciding to take the conversion step, and many are making some astonishing mistakes that experts say could be avoided easily.
http://www.fa-mag.com/fa-news/5419-roth-ira-conversions-fraught-with-mistakes.html

SAN ANTONIO BUSINESS JOURNAL
Few Baby Boomers are switching (to Roth) retirement plans  (04.23.2010)
A new USAA survey shows that most Baby Boomers are not planning on converting their retirement to a Roth IRA in 2010. 72% of all respondents who own an IRA are not planning to convert some or all of their Traditional IRA to a Roth IRA this year. 18% were unsure. Only 10% were planning to convert to a Roth IRA. When asked why, 44% of survey participants said they believed their income tax rates will be lower in retirement and they did not want to pay higher taxes by converting funds now. Another 35% received a recommendation from a tax advisor or financial planner not to convert and 27% are not able to pay the taxes that would be due on the converted funds.
http://sanantonio.bizjournals.com/sanantonio/stories/2010/04/05/daily19.html

CNN MONEY
Fortune 500:  New Ways to Shelter Your Retirement (08.19.2009)
http://money.cnn.com/2009/08/18/pf/retirement_saving_strategies.fortune/index.htm?postversion=2009081905

PBS ED SLOTT- Video
Stay Rich for Ever and Ever
http://www.youtube.com/watch?v=EEt9W0XmrP8&feature=related

MSNBC
Illinois Deep In Debt, Doesn’t Pay Bills  (05.21.2010)
Illinois isn't bothering with the formality of issuing IOUs, as California did last year. It simply doesn't pay.  Plenty of states face major deficits as the recession continues. They're cutting services or raising taxes or expanding gambling to close the gap. But Illinois is taking the extra step of ignoring bills.  Right now, $4.4 billion worth of bills are sitting in the Illinois comptroller's office waiting to be paid someday.
http://www.msnbc.msn.com/id/37136518/ns/us_news-life

USA TODAY
Tax Bills In 2009 At Lowest Level Since 1950  (05.21.2010)
Amid complaints about high taxes and calls for a smaller government, Americans paid their lowest level of taxes last year since Harry Truman's presidency.  Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century.  On average, though, the tax rate paid by all Americans — rich and poor, combined — has fallen 26% since the recession began in 2007. That means a $3,400 annual tax savings for a household paying the average national rate and earning the average national household income of $102,000.
http://www.usatoday.com/money/perfi/taxes/2010-05-10-taxes_N.htm?csp=obnetwork

CNN MONEY
Fixing Social Security: The "Low Hanging Fruit"  (05.21.2010)
While a Social Security fix would cure only a small part of the country's long-term fiscal shortfall, it could pay big dividends in terms of the U.S. standing internationally, deficit hawks say. "It would be a confidence builder with our foreign lenders."  That could lessen the risk of a big rise in interest rates and buy the country more time to handle other debt-related issues, such as tax and budget reform and further changes in Medicare.
http://money.cnn.com/2010/05/11/pf/saving/social_security_reform/

FINANCIAL ADVISOR
Social Security May Be Rescued By Baby Boomers  (04.23.2010)
The assumption about boomer retirement rates, however, may be flawed. Already, older workers--those 65 and older--are staying in the labor force in higher proportions than before. Data from the Bureau of Labor Statistics show 17% of the senior population is in the labor force, up from about 12% in the 1990s.
http://www.fa-mag.com/fa-news/5422-social-security-may-be-rescued-by-baby-boomers.html

FORBES
The Tax Deferral Trap (09.07.2009)
http://www.forbes.com/forbes/2009/0907/opinions-william-baldwin-side-lines_print.html