Boomers have got the message: For most people, it makes sense to delay Social Security benefits to age 70 if possible. More made the choice to delay in 2011 than at any time since 1976. Here's how you can afford to wait too.
We spend most of our working years accumulating savings for retirement and after that spending them carefully so they last. We need to spend a little more time managing the transition. Here’s how.
Retirement readiness is near an all-time low. Just 14% of adults are very confident they will live comfortably after quitting work and 60% have less than $25,000 in savings, according to the Employee Benefits Research Institute’s most recent Retirement Confidence Survey.
Guaranteed income in retirement has emerged as a central issue for baby boomers, and fast becoming the solution of choice is something called longevity insurance. It’s a nifty product—but, as you might suspect, hardly flawless.
With just 14% of workers saying they are confident in their retirement plan, it’s time for most of us to kick saving into high gear. It’s doable if you can get past these 6 myths about saving.
Parents overwhelmingly believe they have a better shot at meeting E.T. than their kids have at striking it rich. That’s partly because adults are such horrible role models, according to a new study. Here are five strategies for helping your kids gets get it, financially speaking.
A realistic vision of what you’ll look like years from now prompts workers to boost their savings rate. Here’s why company HR departments will soon have employees coming face to face with their future self.
To the uninitiated, Pinterest.com is kind of a peculiar website. It’s one social network, one part digital scrapbook and one part browser bookmark bar. What’s more, this “virtual pinboard,” as the site describes itself, might be able to short-circuit our desire to buy stuff.
It’s been estimated that raising a child from birth through age 18 costs just under $227,000. And that figure doesn’t include college. The numbers are enough to scare off potential parents from having one child, let alone more—but there’s an argument to be made that kids are, in fact, cheaper in multiples.
President Obama and his top financial advisers in November were handed a blueprint for what kids at certain ages should be expected to know about money. The document is still a work in progress. But it’s far enough along to have boiled down thousands of pages of research from a dozen independent sources into 20 [...]
Are you stashing the credit card bills under the junk mail because you’re afraid to see how much you spent over the holidays? Surveys from USA Today and Consumer Reports reveal that we were on track to charge roughly 7% more on credit cards this holiday season. That might not sound like a big increase, [...]
