Retirement
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The Latest
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May 23, 2013
The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its...
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May 22, 2013
Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company Towers Watson.
In 2011, the last...
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May 22, 2013
A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream?
A growing number of 401(k) plans are including investment choices that can help savers...
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May 17, 2013
In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets.
By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a special...
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May 17, 2013
Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit.
A 65-year-old couple retiring this year will need $220,000 to pay for healthcare for the rest of their lives, an amount that is eight percent...
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May 16, 2013
It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people - I'm sure they are all very respectful of their elders. (The policy-setting reserve bank presidents typically have to retire when they are 65...
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May 10, 2013
Robin Brewton, who advises clients on Social Security benefit strategies, has boosted retirees' financial security with a single question: Are you divorced?
It is a little-known fact: If you're divorced, it's possible to claim Social...
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May 6, 2013
If you're strapped for cash or have a poor credit rating, the offer would sound tempting: upfront cash in return for your future pension payments.
But it's a debt trap, according to a recent expose by The New York Times, a "pension advance...
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April 29, 2013
By the time you are nearing the pre-retirement years, you've probably heard all that nose-to-the-grindstone advice hundreds of times: Work longer. Cinch the belt tighter. Plow as much as possible into your 401(k) because you might live to be...
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April 29, 2013
Mark Schottland's 401(k) took a beating in the market crash of 2008, and its value plunged 35 percent, to $65,000. But rather than go into a mattress fund, the Nashville resident decided to invest in himself.
Schottland used what was left...









