Tensions in the U.S. between rich and poor are at a 20-year high, according to a new study from Pew Research. This conflict now tops the discord between blacks and whites, young and old, and immigrants and the native-born.
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Retirement
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 …
Guru Gaffe: Investors Losing Faith in ‘Bond King’
Bill Gross, a legendary bond fund manager, is about to close the books on a terrible year for his $241 billion PIMCO Total Return Fund. His missteps underscore the risks of a concentrated investment and in staying too long with a …
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.
Financial Scams Target Boomers
Baby boomers are still looking out for their parents, even as they have fallen into the crosshairs of financial con artists themselves. It’s a bona fide boomer nightmare: they are becoming their mom or dad—at least as it …
Estates Paying Taxes: Down. Estates Filing Returns: Up
In 2011, some 3,300 estates will owe federal estate taxes, according to the Tax Policy Center. That’s the fewest in 75 years.
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.
How the Lost Decade is a Boon for Your Portfolio
The lost decade has a silver lining: investors who accumulate shares during long market dry spells end up with twice as much money, new research shows.
The Tragic Death of the Temporary Tax Cut
I love the holidays in Washington. Christmas trees at the Capitol, carols at the National Cathedral–and another partisan catfight over taxes.
Retirement Planning Mistakes: Fear or Ignorance?
A new survey drives home some critical points about the recession’s impact on retirement planning. We fear the stock market even in the long run and probably should be taught more about money in school.