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Should the 401(k) Be Reformed or Replaced?

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John Greene worked for 30 years at an Oscar Mayer plant in Madison, Wis., deboning hams and loading boxes of hot dogs. His plan grew to $60,000, and soon after retiring he began withdrawing $3,600 a year from it, money that allowed him and his wife to take what he called a wondrous two-week trip to Scotland, his ancestral homeland.

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The Tightwire Act of Living Only on Social Security

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Living on an inflexible budget, one that teeters on the brink of poverty, is not what most people equate with retirement. But that is pretty much what anyone who lives solely on Social Security can expect.

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For Top Executives, Richer Retirement Plans

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With traditional pensions disappearing, tax rates and the future of Social Security in flux and even well-known businesses facing financial trouble, many workers are worried that their company retirement plans will not provide enough income.

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Weak jobs rate in Michigan may be 'the new normal'

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Labor Day means more than a chance to relax and eat hot dogs. It's also a time to reflect on the challenges facing the American worker. (NOTE: this article also appeared in USA Today.)

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Big Income Losses for Those Near Retirement

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Another reason, besides the housing bust, that Americans nearing retirement age may have suffered most from the financial crisis: The typical American 55 to 64 years old has a household income almost 10 percent less than it was when the recovery officially began three years ago, according to a new report from Sentier Research.

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Social Security Advice That Harms Wives

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Most financial advisers give troubling advice to married couples about when to claim their Social Security benefits, advice that can substantially reduce their wife’s income during retirement.

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Why you may retire in poverty

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Are you going to retire in poverty? Today's seniors are more affluent than the general population. But the generations that follow them - starting with the baby boom generation - will not be as fortunate. The decline of pensions, the erosion of Social Security and the housing crash all are pointing toward a new crisis of poverty among lower- and middle-class seniors in the years ahead.

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Democratic Senator Proposes New Type Of Retirement Plan

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Senator Tom Harkin (D-IA) outlined the principles for a new type of retirement plan in a report released today. This sort of plan is sorely needed given the current state of retirement savings.

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Women Seen Living Retirement in Poverty at Higher Rates Than Men

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Women age 65 and older live in poverty at higher rates than men even as more of them participate in employer-sponsored retirement plans, according to a U.S. Government Accountability Office study.

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Our Ridiculous Approach to Retirement

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I work on retirement policy, so friends often want to talk about their own retirement plans and prospects. While I am happy to have these conversations, my friends usually walk away feeling worse — for good reason.

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