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...

Tax Reform: Cap All Deductions at 2 Percent of AGI

By Eric Pianin

House Republican lawmakers are struggling with the challenge of identifying scores of costly tax deductions to eliminate to help offset the cost to the Treasury of major tax cuts, but Harvard...
Sluggish Economy Slams Social Security

By Merrill Goozner, The Fiscal Times

The sluggish economy is taking its toll on the financing for Social Security, with the old age pension program seeing its resource exhaustion date moved up three years to 2033, according to the...
The High Cost of Growing Old Alone

By Julie Halpert, The Fiscal Times

More people are living alone now than in any other point in history, but the costs of going solo can be crippling.
Spain, on the Brink, Could Derail the U.S. Economy

By Patrick Smith

Greece’s austerity plan, complete with debt swap, is now in place. Spain has announced its most rigorous budget since the post–Franco restoration of democracy in the 1970s. Italy has passed economic...
The 50-Year-Old Intern: Boomers Go Back to the Bottom

By Maura Kelly, The Fiscal Times

Rather than preparing to retreat from the professional world, boomers nearly retirement are taking steps to reinvent themselves. In some cases, that means unpaid internships.

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