Higher long-term rates make fixed annuities more attractive. Pre-retirees had a good thing going–until the Fed decided not to curb its stimulus program.
Having grown up with social media and in a time of financial crisis, Millennials lean on each other for financial advice. Is this anyway to build a nest egg?
Taking the reins from an elderly family member can lead to discord. Here’s a 4-point guide to doing it right.
Most Americans are borrowing more than they save for retirement, a new study finds.
Yet another study details the retirement savings crisis in America. But this one finds that one generation is changing its future for the better.
Call it the Cards Championship Effect: Historically, when the St. Louis Cardinals win the World Series, the stock market tends to go through the roof the following year.
Savings plans at companies with fewer than 500 employees lag larger plans in almost every way.
Coming soon: means testing, mandatory savings, longevity insurance
None of us knows how long we’ll live. So we each strive to save for the outlier lifespan, potentially socking away more than we’ll need.
Ducking the market risk that comes with owning stocks, three generations of savers are signing up for another risk: missing out on the growth they need to save a decent nest egg.
Opportunity, homeownership and retirement security are down. Now we hear that most believe the next generation will be worse off than the last. Well, OK, but the kids don’t believe it.
It’s no secret that many Americans are struggling to save enough for their retirement. Once upon a time, it was common for employers to bear the responsibility for worker’s well being after retirement through defined-benefit pensions. Today, if a worker is lucky, he will have the opportunity to invest in a 401(k) plan, usually with his …