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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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The next opponent for Wall Street banks? Their own employees

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Drop in stock prices could trigger worker suits over 401(k) plans; diversification the issue

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GM Seen Fueling Pension Deals as Employers Face Shortfall

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General Motors Co. (GM)’s deal to cut pension obligations by $26 billion and shift plans to Prudential Financial Inc. (PRU) is poised to fuel more transfers as U.S. firms face a retirement-funding shortfall the size of Greece’s debt.

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State pensions eyes European chaos for opportunity

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The European economic storm continues to swirl and threaten investments in the U.S., but Connecticut's top pension official sees opportunity in the troubles on the other side of the Atlantic.

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Owning your company's stock, toxic or not?

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Buying stock that then falls sharply is painful, especially for investors who also happen to be company employees.

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Is It Time to Rethink 401(k)s?

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Like the proverbial elephant, the view of 401(k) plans depends on which part of the retirement beast you're looking at. Started 30 years ago as a largely self-directed investment companion to traditional pensions, 401(k)s have been forced to grow up and become the nation's primary private retirement-savings vehicle.

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The retirement savings crisis

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The state of retirement savings in America is in big trouble. According to Fidelity Investments, the average 401(k) balance among its 11.8 million accounts increased to $74,600 at the end of the first quarter 2012, a 62 percent increase since the end of the first quarter 2009. While it's good news that balances are up, the number of accounts is alarmingly low for such an industry giant.

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401(k)s are too risky for retirement

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Sharon Edwards of Salem, Oregon, may have to move to Mexico, where the cost of living is cheaper, so she can afford her retirement.

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Minorities' Retirement Plans Hit Hard In Tough Economy

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Continued economic uncertainty has led many workers to dip into their retirement savings, but minorities have been the hardest hit, according to a report by the Ariel Education Initiative (a nonprofit affiliate of Ariel Investments) and the human resources company Aon Hewitt.

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Median 401(k) Balance Down to $23,000

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At the peak of his retirement savings, around 2006, John Taylor had about $66,000 in his employer-sponsored 401(k) -- until the recession and a chain of unexpected events drained his fund completely.

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