Experts have repeatedly pointed up the salutary effects of staying busy in retirement, arguing that activity confers physical and mental benefits and leads to greater happiness. But it isn’t necessarily true.
Financial Planning
The Lessons of Mitt Romney’s IRA
Mitt Romney may have made the classic IRA mistake: holding low-tax investments inside a tax-favored account. His IRA strategy isn’t clear, of course. Romney continues to guard his personal finances. But details are trickling …
Cash Back: Banks Battle for Your Rollover IRA
Your 2011 tax documents are beginning to arrive in the mail, signaling the start of another tax filing season. Right on cue, financial firms are in a spending battle to win the business of anyone considering an IRA rollover as …
Unable to Work, Retirees Move in with Kids and Find it’s not So Bad
Bunching family under one roof isn’t the Holy Grail of retirement. But for those with few choices at least it’s an answer with some unexpected benefits.
Retiring This Year? Plan Your Time, Not Just Your Money
If you’re planning to retire this year, start putting your finances in order now. That’s a given. But retirement isn’t just about money. It’s about how you will spend your time. So you might also start thinking hard about …
5 Myths About Retirement Homes
Developers have made great strides in recent years, presenting seniors with vastly more appealing alternatives than the traditional nursing home. Still, misconceptions about retirement villages abound and may lead …
4 Ways to Start Your Kids with Credit
Most parents with heavy credit card debt want their kids to avoid the same mistake. But they are not sure how to coach them and, according to a new survey, would love for credit card management to be a required class in high school.
The Hidden Pitfalls of 529 College Savings Plans
The year-end push to contribute to a 529 state college savings plan is in full force. These plans make a lot of sense. But they also have drawbacks. Here’s how to make the most of them.
Lead by Example? Hardly — Boomer Kids Out-Saving Their Parents
Boomers have never been great at putting money in the bank. Maybe they should listen to their kids.
Why Investors Leave $200 Million A Year Sitting on the Table (And How to Get Your Share)
Investors collectively spend more than $200 million a year in excess fees on S&P 500 index funds alone, a study finds. They get nothing for that money, which could be compounding in their accounts instead.
10 Money Moves to Make Before 2012
It’s that time of year again. Gifts to buy. Tips to hand out. Charities to support. While you’ve got your hand on your wallet, consider these 10 year-end money-saving moves designed to create a little something extra just for you.
3 New Year’s Resolutions that Reflect Reality
What a difference a year makes. The economy is struggling longer than many had expected, and now Americans are retooling their New Year’s resolutions to fit the times.