Inflation beating investments for retirement: related news

Inflation-beating investments for retirement

You don't need an economics degree to know that inflation is a growing problem. Fueling up the car and buying groceries are sharp reminders of how hard-earned dollars are worth less when prices jump. Inflation affects everyone, but retirees are particularly vulnerable.

Holzer Holzer & Fistel, LLC Announces Investigation Into UBS AG 401(k) Retirement Savings Plan

ATLANTA, July 29, 2008 (PRIME NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of the Employee Retirement Income Security Act of 1974 related to UBS AG's (``UBS'' or the ``Company'') (NYSE:UBS - News) 401(k) Retirement Savings Plan (the ``Plan''). The investigation centers on whether UBS and the Plan administrators breached their fiduciary duties to Plan participants by, among other things, making imprudent investments in Company stock and otherwise failing to prudently and loyally manage the Plan's investments.

Personal account: savers' weapons against inflation

Reports of the death of inflation proved to be premature this week – as I warned they would be, three years ago. When I tipped National Savings & Investments’ index-linked certificates in this space on September 3, 2005, the Retail Price Index (RPI) – to which these inflation-proof deposits are pegged – was rising at just 2.9pc. This week, the Government admitted the RPI is running at 5pc.

Stacked Deck: Debit Card That Taps 401(k) Retirement Savings Is Easy to Use and Abuse

RISMEDIA, July 23, 2008-(MarketWatch)-Debit cards are straightforward. You use them for purchases and money is deducted from your bank account. But when the debited account is your 401(k) retirement plan, critics angrily line up to take a swipe at that piece of plastic.It’s not hard to see why. The 401(k) debit card lets you borrow from retirement savings and pay yourself back with interest over time, much as you would with a typical 401(k) loan. Only the card makes it much easier to crack your retirement nest egg; all you do is shop, swipe and sign.

401(k) contributions continue apace

BOSTON (MarketWatch) -- Mutual-fund giant Fidelity Investments on Wednesday said despite a weak economy and volatile markets, a study showed workers boosted their average contribution to their corporate defined-contribution plans in the first half of 2008 compared with the same period last year. The company cited an analysis of its 16,723 corporate defined-contribution plans representing 11.5 million participants. "There is no doubt that American workers are feeling the pressure from escalating energy and food prices as well as a slumping real estate market, but the majority are making retirement a priority and staying the course," said Scott David, president of retirement services at Fidelity Investments, in a press release. End of Story

Workers contribute to 401(k) plans despite volatility: study

BOSTON (MarketWatch) -- Mutual-fund giant Fidelity Investments on Wednesday said despite a weak economy and volatile markets, a study showed workers boosted their average contribution to their corporate defined-contribution plans in the first half of 2008 compared with the same period last year. The company cited an analysis of its 16,723 corporate defined-contribution plans representing 11.5 million participants. "There is no doubt that American workers are feeling the pressure from escalating energy and food prices as well as a slumping real estate market, but the majority are making retirement a priority and staying the course," said Scott David, president of retirement services at Fidelity Investments, in a press release. End of Story

Retirement Living: Workers ramp up 401(k) contributions, but average balance falls

SAN FRANCISCO (MarketWatch) -- Despite tough economic times, retirement savers ramped up their plan contributions this year, according to a new study by Fidelity Investments of the 401(k) plans it administers, covering 11.5 million participants.

Retirement accounts for newbies

Signing up for an employer-sponsored retirement plan can be a little daunting for young workers. Merely deciding how much to invest can be a source of anxiety -- after all, keeping up with daily expenditures is hard enough without worrying about remote concepts such as retirement.

GPL - Grand Parade Investments Limited - Appointment Of New Directors

GPL - Grand Parade Investments Limited - Appointment Of New Directors Grand Parade Investments Limited (Incorporated in the Republic of South Africa) (Registration Number 1997/003548/06) Share code: GPL & ISIN: ZAE000119814 ("GPI" or "the company") APPOINTMENT OF NEW DIRECTORS In terms of paragraph 3.59 of the Listing Requirements of the JSE Limited, it is with great pleasure that GPI announces the appointment of three new directors to the Board of GPI. Adrian Funkey is to be appointed as the new Chief Executive Officer ("CEO") of the Company with effect from 01 September 2008. Adrian is a qualified Chartered Accountant. He previously held a senior executive position with Sun International Limited and brings with him vast experience in the gaming and leisure industry.

GPL - Grand Parade Investments Limited - Appointme

GPL GPL GPL - Grand Parade Investments Limited - Appointment Of New Directors Grand Parade Investments Limited (Incorporated in the Republic of South Africa) (Registration Number 1997/003548/06) Share code: GPL & ISIN: ZAE000119814 ("GPI" or "the company") APPOINTMENT OF NEW DIRECTORS In terms of paragraph 3.59 of the Listing Requirements of the JSE Limited, it is with great pleasure that GPI announces the appointment of three new directors to the Board of GPI. Adrian Funkey is to be appointed as the new Chief Executive Officer ("CEO") of the Company with effect from 01 September 2008. Adrian is a qualified Chartered Accountant. He previously held a senior executive position with Sun International Limited and brings with him vast experience in the gaming and leisure industry.

Consumers Cut Spending amid Inflation, Go to Web for Deals

Everyday consumer spending is taking a beating, with some 56% of 3,359 online shoppers surveyed April 29 to May 23 indicating that they are cutting back because of the weak economy and growing inflation, according to PriceGrabber.com’s Consumer Behavior Report, writes MarketingCharts.

HR-XML Consortium Awards Certifications to BackTrack, Inc., Fidelity Investments, HireRight, InfoMart, and Sterling Infosystems

RALEIGH, NC -- 08/04/08 -- The HR-XML Consortium announced today that it has awarded certifications to BackTrack, Inc., Fidelity Investments, HireRight, InfoMart, and Sterling Infosystems, Inc. BackTrack is a new certification, whereas the awards to Fidelity Investments, HireRight, InfoMart, and Sterling Infosystems are renewals of earlier certifications. Background on these certified companies is provided below:

Answers to common questions about 401(k) programs and saving for retirement

(AP) - Just because something's automatic, doesn't mean you can totally sit back and relax; especially when it comes to your retirement. In recent years more companies are shifting away from traditional pensions and placing the responsibility for retirement planning more squarely on individuals. As part of the move, many employers now offer automatic enrollment in their 401(k) and are changing the types of funds they offer. While these enhancements may be to your benefit, you'll still want to ask the important questions.

Worksheet: The Roth 401(k) Estimator

This relatively new retirement savings option, which first became available on January 1, 2006, combines features of both a traditional 401(k) plan and a Roth IRA. Like a Roth IRA, contributions are made on a post-tax basis and qualified withdrawals taken during retirement are completely tax free. (With a traditional 401(k), contributions are pretax and withdrawals taken during retirement are taxed as ordinary income.) And like a traditional 401(k), the Roth 401(k) has no income restrictions — if your employer offers it, you're eligible. (For more details, read our story, "Introducing the Roth 401(k).")

Vanguard Study Finds Pension Protection Act Boosts Auto Features in 401(k) Plans

More employees were put on the path to retirement security in 2007 by employers adopting automatic savings and investment solutions in their retirement plans, according to How America Saves 2008, a comprehensive report on defined contribution retirement plans released today by Vanguard.

Vanguard Study Finds Pension Protection Act Boosts Auto Features in 401(k) Plans

VALLEY FORGE, Pa.--(BUSINESS WIRE)--More employees were put on the path to retirement security in 2007 by employers adopting automatic savings and investment solutions in their retirement plans, according to How America Saves 2008, a comprehensive report on defined contribution retirement plans released today by Vanguard.

Vanguard Study Finds Pension Protection Act Boosts Auto Features in 401(k) Plans

VALLEY FORGE, Pa. (Business Wire) -- More employees were put on the path to retirement security in 2007 by employers adopting automatic savings and investment solutions in their retirement plans, according to How America Saves 2008, a comprehensive report on defined contribution retirement plans released today by Vanguard.

Hypothetical particle presents a fresh test for inflation

INFLATION, one of the most important ideas in big bang cosmology, may have hit another stumbling block.

Inflation eats up paychecks

NEW YORK (CNNMoney.com) -- Record gas and higher food prices drove inflation to the biggest annual jump since 1991 and fanned fears about growing pressures on consumers.

Retirement myths and realities

Henry "Bud" K. Hebeler says that if we expect to reach our financial retirement goals, we're going to have to put the kibosh on extraneous spending and make savings a priority in our lives.

Retirement investing through the ages

Whether you're just out of college or midway through your career, it's time to figure out where you are on the retirement roadmap. If you're young, you have some distinct advantages, but if you're late getting started, take heart. It's never too late to start saving. Bankrate's roadmap helps you figure out your savings rate, based on how much you're earning and how much you've accumulated so far.

Retirement Strategies for Tough Times

Nest egg looking a little fragile? Chances are you need to rethink your old investment tactics—and consider a few new approaches. Our Annual Retirement Guide can help

Retirement savings for millennials

Who could say no to free money? Generation Y. Fewer than one-third of all eligible workers between the ages of 18 and 25 participate in their company's retirement plan, according to a survey by human resources research firm Hewitt Associates. They're losing free, steadily increasing funds from employer-matched contributions.

Retirement planning for the surviving spouse

Right now, the last thing you and your spouse want to talk about is what happens to the survivor's financial security when one of you dies. You'd rather share dreams of the fun you're going to have spending your retirement money together.

Keep retirement funds, debt separate

My husband is 47 and is approaching his 30th anniversary with his company. He has $665,000 in retirement funds, with approximately $100,000-plus in 401(k) money and the remainder in a company stock and profit-sharing plan.

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