Under-saved boomers have long believed that a tremendous generational transfer of wealth will save their retirement. Estimates have put the expected bequest from boomer parents at $10 trillion to $30 trillion. Well, don’t count on it.
An enduring legacy of the financial crisis has been a clear shift in personal values—away from materialism and toward relationships and experiences. Born out of need, this national (if not global) rethinking of what is most important has had remarkable staying power even as the economy has started to improve.
The financial literacy movement is getting a valuable boost. At the second gathering of the Clinton Global Initiative America, which runs today and Friday in Chicago, the accounting giant PwC will unveil a $160 million campaign …
401(k) fees are back in the news. These plans still make sense for many workers, especially if there is a company match. But it’s tough to make the case for sticking around once you retire or find another job. Here are four ways to treat your 401(k) assets.
Corporate charitable giving is down. But three trends are making it easier for individuals to get the most out of their employer when it comes to personal philanthropy.
A new report says that investors lose up to 30% of their savings to hidden 401(k) fees. That’s probably a stretch. But outlandish fees are a definite problem. Here’s how you can avoid them.
With student debt at $1 trillion and counting, and tuition rising 8% a year, it seems impossible that anyone would not know about the smartest college savings tool out there: the 529 plan. Alas, stunning numbers of Americans are in the dark.
Boomers were the first to struggle en masse with both the financial needs of kids in college and retired parents outliving their nest egg. Now, the kids may be out of college—but moved back home. Meanwhile, mom or dad has not …
It must be great to be Warren Buffett, and not just for the money and influence. Recent court testimony in the insider-trading trial of former Goldman Sachs director Rajat K. Gupta elicited this gem: while negotiating a $5 billion investment in Goldman at the height of the financial crisis—an investment that would shore up the bank’s …
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.
A useful new government website has just gone live, offering easy teaching points for parents who want to help their kids grow up knowing a thing or two about compound interest and 19 other key financial concepts.
One of the biggest flaws in most people’s retirement plan is something that previous generations rarely worried about: monthly income guaranteed for life. But the fix is in, and before long your 401(k) may look a lot more like …
