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...

What the Recession Really Cost American Families

By Yuval Rosenberg

The political finger-pointing about the reported 40 percent drop in the median net worth of American families may have obscured some larger points about just how much those families have done to...
Bolting Bovine Replaces Germany's Oracle Octopus

By Reuters

Could a runaway celebrity cow replace the late Paul the "oracle" octopus as the next animal with the ability to foretell the fortunes of Germany's national soccer team?
Pension Issue Set to Erupt in California

By Peter Henderson, Reuters

California's Democratic Governor Jerry Brown heard a clarion call for his party to take on state pensions in the overwhelming passage of retirement reforms by the second and third biggest cities in...
The Wealth Effect: Median Net Worth Drops 38%

By Lucia Mutikani, Reuters

Americans suffered a record decline in wealth between 2007 and 2010 as home values tumbled, according to a Federal Reserve report on Monday that underscored the severity of the recent recession.
5 Shocking Predictions about Retirement in America

By Blaire Briody, The Fiscal Times

Last week, AIG’s CEO Robert Benmosche told a Bloomberg reporter that in light of the Euro crisis, retirement ages in Europe would have to move to 70 or 80 years old to make pensions and health care...

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