Submitted by Jim Ludwick on Wed, 12/11/2013 - 3:00pm
Put the brakes on contributing to your retirement accounts right now, since stocks seem parked at record high prices, and instead save for a car or other big purchase? Lets’s look at whether that’s a good idea or not.
I frequently receive this question when investors think the market trembles on a big dump and they want to dodge it. Let’s look at where the market is, how it runs and where it might run to.
Submitted by Sophia Bera on Tue, 11/26/2013 - 12:00pm
If you recently graduated from college and look to build financial security quickly, you probably enjoy one advantage: You already live an inexpensive lifestyle from your student days. Here are tips to move toward the future.
First, keep living like a student while you build a solid financial foundation. By living below your means and not inflating your lifestyle as your salary grows, you reach your financial goals much faster. Keep your fixed costs as low as possible to save for what matters most.
Submitted by Eve Kaplan on Tue, 11/19/2013 - 3:00pm
The state of Americans’ retirement preparation is shocking. Why is this, and what can people do about it?
PBS ran its Frontlinedocumentary "The Retirement Gamble” in late October, just in time for Halloween. It's hard to watch this program without a sense of horror at the way our retirement plan system is rigged to rip off Americans struggling to save for their later years after working.
Submitted by Joseph A. Clark on Fri, 11/15/2013 - 9:00am
People budgeting for retirement are in for a shock. What they will need is often more than they think. Higher-than-expected inflation and psychological barriers to cutting spending are the main culprits.
Submitted by Ray Ferrara on Tue, 11/12/2013 - 9:00am
Saving for retirement, an admirable aim, has lots of obstacles. The overall economy is to blame for some, government rules for others and employer tightfistedness for still others. Retiring at 65, which is the traditional goal, is for many a pipedream.
Today, people are living longer in part because of less physically demanding work than in the past and better health care throughout life. Many people are choosing to work longer, many because they have to, not because they want to.