Yield-starved retirees are taking a flyer on junk bonds, just as credit quality in that market takes a turn for the worse. Look out below.
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Retirement
By One Measure, At Least, We’re All Better Off Than We Were 4 Years Ago
Retirement account balances are up in every state since the last presidential election, a new study shows. If only those balances were up as much as the market.
How Saving for Retirement Might Backfire
Saving for retirement is now the top financial goal of the vast majority of people who hold a job, according to a recent T. Rowe Price survey. That’s great news. We have a savings crisis in America and we’re finally taking it …
Is the U.S. Waging a War on Savers?
Government policies that discourage saving are one of the chief reasons that so many Americans fail to put money away regularly.
Can We Handle the Truth? Public Pensions Are Short on Cash
We are in trying times for sure when the good news about public pensions is that an independent study confirms a huge funding shortfall–and it’s greeted with applause because at least pension managers haven’t been hiding it.
6 Ways Adding a Trusted Child to Your Bank Account Backfires
Outliving your child is a gut-wrenching experience. It’s even worse when you’ve put their name on your financial accounts and owe tax on what you “inherit.” Here are 6 reasons to leave your accounts in your own name and get a …
Nantucket Project: Small Island, Big Ideas for Fixing Our Economic Future
Prominent thinkers at this year’s Nantucket Project worried about flagging innovation and corruption in government. But they’re also developing technology that lets kids teach themselves to read and entrepreneurs to move …
4 Key Financial Moves After Landing a New Job
The job market remains difficult. But mobility is better than it has been in a few years. If you are switching employers, here are 4 financial moves to help you stay on tack.
What Savings Rate You Need When Starting at Age 15, 25, 35 and 50
Most of us are born procrastinators. That’s why we start saving late in life and hope to make up the difference by hitting the lotto or, if we must, by working longer. Neither is a great strategy.
How the NFL’s Blown Call Fiasco Will Boost Your Retirement Security
When replacement referees blew a call on Monday night they probably didn’t know that they were furthering the retirement security of every American. Then again, it’s just one more thing they didn’t know. Here’s why we should all …
Compound Interest: Knowledge Builds Wealth, Which Fuels More Learning
A string of new research builds the case that financial literacy at an early age is at the heart of wealth creation. Financial understanding leads to asset building, which leads to a more vigorous quest to understand personal finance. It’s a virtuous circle that can give an edge to anyone who latches on.
What You Should Save By 35, 45, and 55 To Be On Target
Getting started is half the battle when it comes to building retirement security. Setting near term goals are important too. Here’s how to do both.