Retirement

Making a Big Money Move? Why You Should Probably Consult a Financial Adviser

By Beth Pinsker, Reuters

People hire financial advisers with the very obvious goal of getting advice on how to handle their money. So why do investors often cut advisers out of consequential decisions? Some advisers say...
How Kids Can Wreck Your Financial Security

By Beth Braverman

As any new parent will tell you, the giggles of a baby or a first steps of a toddler are priceless milestones, but that doesn’t meant that they don’t come at a cost.
The $3 Million Retirement Mistake You Could Be Making

By Beth Braverman

Most retirement experts agree that a portfolio that includes stocks held over the long term is the surest way to amass the nest egg necessary for a comfortable retirement, but many younger workers...
The US Loses Ground in Providing Retirement Security to Baby Boomers

By Eric Pianin

A new global index of best practices by policy makers, employers and asset managers found that the United States is losing ground in providing economic and financial security and improved health care...
Oregon Just Took the Lead in Getting Americans to Save More for Retirement

By Eric Pianin

Bucking resistance from a Republican Congress and the Trump Administration, Oregon has become the first state to launch a program requiring private employers to either offer their own 401 (k) savings...

How GOP Tax Reform Could Affect Your Retirement Account

By YLAN Q. MUI, CNBC

The fight over tax reform is starting to get personal. So far, much of the debate in Washington has centered on overhauling the corporate tax code. But a new coalition of consumer and industry groups...
How Much Money Do You Need to Be Wealthy? Here’s What Most People Say

By Beth Braverman

Americans’ collective net worth has risen in recent years, thanks to a healthy stock market and steadily increasing home values, but most people think they need a lot more money to feel financially...
How Rising Health Care Costs Could Hurt Your Retirement

By Tom Anderson, CNBC

Skyrocketing health costs don't just make it harder for you now — they can diminish your retirement, too. More than 60 percent of employees said they are contributing less to their 401(k) plans...
How Millions of Aging Baby Boomers Could Bust the Economy

By Eric Pianin

A new report not only highlights growing economic anxiety among an increasingly important and influential cohort of the population, but also suggests that this overarching pessimism and caution could...
How the Government Is Making It Harder for You to Retire

By Eric Pianin

Many Americans have saved shockingly little for their retirements, with one study showing that the median savings for households near retirement age is just $17,000. In the coming years, tens of...

How to Manage Your Old 401(k) After You Land a New Job

By Beth Braverman

Congratulations, you’ve landed a new job! In addition to finding a new lunch spot and ordering new business cards, add this to your must-do list: Figure out what to do with your old 401(k). As long...
Where Will 78 Million Boomers Retire? Facing the Challenge of Aging in Place

By Eric Pianin

With roughly 78 million baby boomers at or near retirement and average life expectancies climbing, many independent-minded seniors are resisting the pressure to move to often costly retirement...
Millions of Boomers Are Making This Big Retirement Mistake

By Beth Braverman

After several years of rising returns, 401(k) investors will be reminded with their next statements that investments in the stock market don’t always go up. The S&P 500 is down more than 8...
Three Ways Rising Interest Rates Could Affect Your Retirement

By Scott Gamm, MainStreet

Higher interest rates are on the way, which could be a game changer for retirees. The Federal Reserve is looking to raise short-term interest rates, which have stayed close to zero since December...
5 Tips on Reducing Your Social Security Tax Bill

By Kelley Holland, CNBC

This is not a good year to be a higher-income Social Security recipient. Overall, benefits are unlikely to be adjusted for inflation, but Medicare Part B premiums are on track to rise for high-income...

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