Category:
Retirement
Last week, President Obama submitted to Congress his version of a federal budget for the 2014 fiscal year. And soon, like the half-dozen other budget proposals that have been introduced by,…
Saving money for retirement is important for ensuring long and comfortable work-free years. It’s all too common for people to assume they are too young to begin saving or underestimate…
More than 30 years ago, Congress created 401(k) plans as a way for employers to encourage their workforce to save for retirement. Since then, 401(k) and other employer-funded, defined contribution…
A new report says that most baby boomers have successfully stuffed enough pennies into the piggy banks – and dollars into the 401(k) plans – to retain their status as…
The U.S. government created retirement accounts as investment vehicles for people so they could save more of their income to pay for their lives after they stop working. These savings accounts…
More and more older Americans are reaching retirement age without enough money to survive in the way they would prefer, according to multiple surveys and studies. Is there anything Congress can do? Or, rather, is there any Congress will do?
Before the creation of the nation’s Social Security system in the 1930s, 75 percent of American senior citizens lived in poverty. Today, thanks to Social Security, workers’ pensions and retirement…
Attention moms and dads: your teens are counting on you for more than a few bucks for a movie or some new clothes. They’re depending on you to pay for…
A recent study found that nearly half of all Americans live comfortable lives during retirement but die with little money in the bank. According to the nonprofit National Bureau of…
An increasing number of seniors are becoming the target of predatory swindlers who come in two forms: those who convince seniors to make large financial investments based on bogus schemes…