Retirement

TIAA-CREF CEO Roger W. Ferguson recently wrote a piece encouraging policymakers and consumers to think about reframing retirement planning . Ferguson urges readers to focus on the primary objective of a stable stream of retirement income that lasts throughout retirement rather than wealth accumulation.

Attempting to determine the amount of money one will need in retirement is an exercise fraught with complexity and uncertainty. Wall Street Journal personal finance columnist Brett Arends offers his take on the right approach in a recent column. Arends suggests the following: Determine the amount of annual income you will need in retirement. Estimate your annual Social Security receipts. Subtract defined benefit pension income and any other source of annuity or pension-like income. Multiply the...

The Employee Benefit Research Institute recently published its 2010 Retirement Confidence Survey . The report concludes that historically low levels of confidence have stabilized but the amounts of retirement savings and overall preparation continue to decline.