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 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.
Submitted by Eric Hutchinson on Thu, 10/24/2013 - 9:00am
You diversify your portfolio, passively or actively manage your holdings and wait for your returns to roll in. Depending on your holdings, a few factors chew your returns before you see them. Here’s what to look for.
Submitted by Rick Kahler on Fri, 10/18/2013 - 3:00pm
Presidential wishes seldom easily translate into law. Just look at the fracas over Obamacare and the federal budget. But President Barack Obama has several proposals that promise a significant impact on retirees, inheritors and savers. Regardless of whether these will get through a Republican-controlled House any time soon, they serve as a marker for what the future may hold at some point.
Even after the Obama Administration is history, the U.S. government’s enormous obligations will push Washington into looking at ways to pay the burgeoning tab.
Submitted by Joseph A. Clark on Wed, 10/16/2013 - 3:00pm
Too many people think retirement planning is simple. Then years later, they find they don’t have enough money to retire on. How did that happen?
They think you just throw some money into a savings account, with little regard for the account’s tax status, and put little thought into the investments. After all, the market always goes up, right? They assume if they save X amount of dollars today, then they should be fine 10 or 30 years down the road.