There are plenty of generic suggestions about how much money you should have in a "rainy-day" fund to deal with unexpected expenses or an income loss.
If you are fortunate enough to have an employer-matching 401(k) program at your workplace, you should take advantage of it to the full extent possible. Whether it is a dollar-for-dollar match or a lesser percentage, this is free money from your perspective - and tax-deferred free money on top of that.
A full house must make it harder to save for retirement, since kids are expensive, right? Even when they're over 18, they might be in college or still living at home until they get that good job that they're seeking.
Women scoring lower in investment knowledge and confidence says new report. When it comes to preparing financially for retirement, women continue to lag behind men and need to step on the accelerator.
Back in 2001, my wife and I decided to leave the cold climate of Nebraska behind and embark on an epic adventure to find our perfect retirement destination. We traveled to several different countries in search of our dream home, creating incredible memories in the process.
Retirement is far off. But you can set yourself up for success decades from now by getting on the right path today. These five steps are the beginning of that path -- with your own bright future funded by, not constrained by, your past.
Baby Boomers are still struggling to recover from the Great Recession, which is big time putting their retirement in jeopardy. The result? Working longer and lowering expectations of what their golden years will be like.
When the stock market goes crazy, people go nuts. The ensuing insecurity has them thinking that stashing their money in a mattress at home is safer than investing it anywhere with anyone. But one should know the differences between risk and volatility to avoid silly and irrational investing mistakes. Let's clear the confusion once and for all.
We all can't live forever, and the famous "until death do us part" stanza from our marriage vows suddenly becomes omnipresent when we realize that we're going it alone. This does leave the lingering question, though: How can a reverse mortgage benefit widows and widowers?
If you're more excited about the beginning of the football season than sitting down to make a financial plan, you're not alone. Football is a spectacle, but planning your investments is work.
Retirement planning is important for all Americans, but the importance is heightened for women. The retirement deck is stacked against women in several ways, including generally lower pay compared to men and lower Social Security benefits upon retirement.
Most, if not all, of your living expenses will continue to increase as you continue to age, potentially risking your portfolio's purchasing power. It is important to review your portfolio in retirement to ensure your asset allocation has an appropriate mix of "inflation hedging" assets.
Downsizing. It's a word that's long been part of the American lexicon and should come into even sharper focus as Baby Boomers age and more and more retire.
The great thing about this tontine is, for a small investment you fund a big part of your needs in the event you are one of the lucky ones to live a really long time.
While I generally agree that lowering debt before you retire is a good idea--especially 'bad' debt such as high-interest, nondeductible credit card balances--how much debt you can comfortably handle depends on the size of your debt relative to your projected income.
Grandma and Grandpa have some stern advice for the younger generation: learn from their mistakes. Now that they've reached retirement, they're finding that a lack of funds is their biggest dissatisfaction, and they strongly urge younger Americans to open a 401(k) or IRA as soon as possible and fund it as much as possible.