By closing the "performance pay" loophole, Senator Warren's proposal would end a giveaway to the wealthiest in order to provide an extremely well-justified payment to tens of millions who have seen the value of their benefits slowly deteriorate for years.
We've all heard that healthcare costs in retirement are high. We've also heard that part of our retirement planning should be to understand these potential costs and budget for them. This is nothing new. What is new is the potential increase in these (already expensive) costs slated for next year.
For the millions of workers who lack emergency savings and access to a retirement plan, myRA, a new savings vehicle launched by the Treasury Department, is a great start and a welcome response to a serious economic problem that, if we have our way, you'll start hearing a lot more about.
Of course companies should strive for age diversity, 'even in a field as innovation-crazy as tech.' Make that especially in a field as innovation-crazy as tech.
China has officially lifted its one-child policy as part of their 13th Five Year Plan. The issue is whether the colossal demographic consequences on economic growth can find solutions.
By Gina Horkey, Contributor As diligent as you have been about saving for retirement, your ego might have been quietly working a...
When people talk about their personal financial situations, it can be a hardy topic but if I was to say you're losing out each day that goes by, in investments that your could be controlling with your pension funds, What would you say? How?
Because so many corporations have decided only CEOs need pensions, a huge portion of the nation's elderly relies heavily on Social Security. For 24 percent, it is the sole source of retirement income. Yet Republicans running for president want to cut it.
You have no doubt had some vision of what your new retirement status would be like, and probably even made some tentative plans -- I did. My vision went something like this: I will have all this new time on my hands!
You are exposed to five potentially catastrophic financial risks, unless you are lucky enough to be in the top 15% of wage earners who have substantial retirement savings. The top 15% are the chosen few who were lucky enough to work for the right companies or disciplined enough to begin saving for retirement at a fairly young age.
The value of a $1 million nest egg is substantially different depending on whether you're living in Kansas City or San Francisco, retiring at 62 or 70, or planning on a life expectancy of 75 or 90.
Just 100 CEOs have company retirement assets that are equal to the entire retirement account savings of 41 percent of American families. On average, these 100 CEOs' nest eggs are worth more than $49.3 million. That's enough to generate a $277,686 monthly retirement check for the rest of their lives.
A few months ago, after I celebrated my 15th anniversary as a Googler, and as I looked forward to an impending 45th birthday, it occurred to me that I don't have that many years left and I really need to focus on my two most important priorities.
I am 47 years old and I have had cancer since I was 22. Despite the doctors giving me 9-13 months to live, and having had stage four cancer five times. I never fully believed I was going to die, but yet I have spent my life preparing for my death.
How's 75 sound for a retirement age? Too far away? That could be the reality for today's college graduates.
The media is looking at Joe Biden's announcement that he will not run for President strictly as a political calculation. But I choose to view his decision through the lens of a woman who took six years to retire from a career she loved. And I want to tell him that eventually, another window will open for him.