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...individual contribution and company match. Together those contributions would equal somewhere between 10% to 14% of a worker's pay. Our research shows that at that level of savings, you put away enough to generate as much as 70% of pre-retirement income after you stop working. Lastly, a low-cost annuity option would be available to guarantee enough income to meet basic needs...

Author: /time Magazine | Title: Is There a 401(k) Fix? | 10/14/2009 | See Source »

...weeks, the stock market had been toying with Dow 10,000, and on Wednesday afternoon it hit it. Considering that the large-company index went as low as 6,547 in March, that feels like cause for celebration. But is it really...

Author: /time Magazine | Title: Is the Market Rally About to Run Out of Gas? | 10/14/2009 | See Source »

...Another reason to think higher stock prices aren't necessarily in the offing: history. Since the market hit a low in March, it has fairly consistently marched higher, occasionally falling back, but rarely by more than a few percentage points at a time. The last time the market has had such a run without a correction of 10% or more was 1933, says Bartels. Momentum, pleasant though it may be, tends not to last for such long stretches...

Author: /time Magazine | Title: Is the Market Rally About to Run Out of Gas? | 10/14/2009 | See Source »

...Foundation has analyzed census data to provide a closer look at the people without health insurance in the U.S. Its report, focused on people younger than age 65, found 45.7 million "nonelderly" uninsured people in the U.S. last year (including the elderly, the number of uninsured was 46.3 million). Low-income adults without dependent children - who generally do not qualify for government programs like Medicaid - were hit hardest. Despite heated rhetoric on the issue, immigrants are not driving the problem; 80% of the uninsured under age 65 are native-born or naturalized citizens. The uncompensated cost of providing health care...

Author: /time Magazine | Title: Which Americans Are Uninsured? | 10/14/2009 | See Source »

...Young adults with no children are especially vulnerable: Programs such as Medicaid and Medicare insure millions of parents, children and disabled people. But low earners without dependent children are offered few resources when it comes to health insurance; they comprise 58% of uninsured Americans as a result. At 30%, those ages 19 to 29 have the highest uninsured rate...

Author: /time Magazine | Title: Which Americans Are Uninsured? | 10/14/2009 | See Source »

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