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.
Financial Planning
Don’t Give the Ball Back!
Wayne Mitchell gave the ball back—just like Christian Lopez, Tim Forneris and who knows how many other fans who over the years happened to be in the right place at the right time during a big moment in sports. The question is: Why do they do it?
7 Ways to Stretch Your Nest Egg
If you thought it was hard to grow a nest egg, try living off one in retirement. Here are seven ways to make what you have last the rest of your life.
First Job? 6 Critical Steps to Long-Term Security
The Class of 2012 may be surprised to hear that they need to start saving…right now. Here are 6 ways to make saving for retirement both painless and bulletproof.
Aiming High, Pension Funds Bet Wrong
Like retirees who make the mistake of reaching for yield, pension fund managers have been shifting into hedge funds and private equity — and losing.
6 Myths About Saving for Retirement
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.
Your Financial Adviser Might Be a Lemon
Wall Street has been plagued with stories of large investment banks bilking their clients with complicated products. Former Goldman executive Greg Smith just inked a million dollar book deal to spill his guts about the chicanery …
A Step Backwards in Spreading Financial Literacy
A new report shows the that financial education movement is losing momentum. Fewer states are requiring coursework. In some, they’ve stopped teaching economics at a time when economics is on the front page almost daily.
Study: Parents Are Terrible Financial Role Models
Talking to your kids about money shouldn’t be so difficult. They are generally eager to understand what it takes to earn and save, and how to set and achieve money goals. Yet parents are more comfortable discussing bullying and …
Another Green Shoot: Millionaire Households Rising
Millionaire households in the U.S. are rising again, largely because the mass affluent stayed the course with their stocks during the downturn and are reaping the benefits of the market’s recovery. But frugality also played a big role.
Solutions to 9 Puzzling Financial Frustrations
What Will Replace the 401(k)?
The venerable 401(k) has been under fire since the recession. Here’s what could replace it.