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.
Submitted by Manisha Thakor on Fri, 11/08/2013 - 3:00pm
Many eventual retirees actually save enough, many only feel they save enough. Some lag and fall even further behind on the long trek of retirement planning. Here’s who they are and how they can catch up.
Mark Twain claimed British statesman Benjamin Disraeli said there are three kinds of untruths: “Lies, damn lies and statistics.” As a lifelong personal finance junkie, I qualify that yes, some statistics are distractions.
Submitted by Larry Frank Sr. on Thu, 11/07/2013 - 12:00pm
You save and save and save for retirement, trying to tune out those escalating estimates of what you need to never run out of money. Conventional wisdom blathers that in retirement you spend only 75% of your current expenses, anyway. Think again, and here’s why.
Retirees often spend too much early in retirement and – the retiree’s nightmare – outlive their cash.