Key Retirement Birthdays: Not Quite 60
The number I am looking for is actually 59½!
Watch CBS News
The number I am looking for is actually 59½!
Age 55 seems to be a magical number. It's the elusive goal!
With thousands of mutual funds to choose from, you need a disciplined process to whittle down the number to something that is manageable.
It's almost the New Year and it's a good time to review what benefits you have at work.
Only 70% of employers currently offer retirement plans. And of those that did offer retirement plans only 52% of workers participated.
A recent study found the average 401(k) balance is close to $40,000. That's not enough!
Congress realized a couple of years back that most workers will not have enough retirement savings set aside for their golden years.
You may have a 401(k), a 403(b) which is for nonprofit organizations such as schools and hospitals, a 457 plan which covers state, county and city employees and there is a Thrift Savings Plan for federal employees.
Almost all 401(k) plans and some 403(b) and 457 plans allow the participant to borrow from their plan.
How many IRAs do you have? How many retirement plans?
It's midyear and this is a good time to review your retirement accounts.
Many recent grads had to move back home because they could not find a job and right about now mom and dad are making demands they find something so they at least have spending money.
You wake up one morning and you realize the baby is having a birthday and she's 13 today.
More women are getting involved in family finances, but research shows they may not know where to begin. Women lag behind men when it comes to investing.
A recent survey found more women are taking an active role in their family's finances. That same poll found many feel they're not as well versed in these matters as they'd like top be, however.
Back in 1981, the 401k as we know it was born when Ted Benna allowed his employees to make pre-tax contributions to their retirement accounts.
Minimum required distributions known as MRDs normally must begin at age 70½ for your IRAs except the Roth IRA.
When we hear the word rollover, we think of a dog following a command to rollover, wanting a treat.
Let's start with the simplest plan first.
We have Generation Xers frozen in our minds as this 25 year old but they are no longer kids.
A new report from Boston-based Fidelity Investments shows 401(k) retirement accounts are almost back where they were before the recession.
The mother of all birthdays has come and gone and the first of the Boomers are now getting senior discounts when they go to the movies.
Do you need $1 million to retire comfortably?
Retirement planning should start with your first job.
Depending what study you read Saving More was often the number 1 resolution for the New Year.
Temperatures are warming up in Boston next week with the city's first 80 and 90-degree days in over 200 days.
The public is being asked to attend World War II veteran John Bernard Arnold III's funeral in Hanson, Massachusetts.
The family of Elizabeth "Lizzie" Dankert, who died in a boat crash in East Boston, said they will miss her immensely.
Kyle Schwarber hit his major league-leading 18th home run and the Phillies defeated the Red Sox 3-1 on Thursday night.
After days of leaks and rumors, the NFL finally released the full schedule for the New England Patriots.
The family of Elizabeth "Lizzie" Dankert, who died in a boat crash in East Boston, said they will miss her immensely.
Temperatures are warming up in Boston next week with the city's first 80 and 90-degree days in over 200 days.
The public is being asked to attend World War II veteran John Bernard Arnold III's funeral in Hanson, Massachusetts.
Ongoing construction in Cambridge's Central Square is creating confusion and frustration for drivers and pedestrians navigating the busy streets.
Massachusetts Gov. Maura Healey is appealing to the U.S. Navy to help retrieve a "key piece of equipment" from the fishing vessel Lily Jean.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
There was a possible measles exposure at Logan Airport in Boston last week, Massachusetts health officials say.
A new study finds that a simple blood test could predict Alzheimer's disease long before symptoms appear.
The Lone Star tick, which can cause alpha-gal syndrome, is spreading north throughout Massachusetts.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
A driver from Southboro, Massachusetts struggled for months to unravel a frustrating mix up with his E-ZPass account.
The gunman who allegedly opened fire on passing cars on Memorial Drive in Cambridge, Massachusetts is 46-year-old Tyler Brown from Boston.
There have been four violent attacks in three weeks at Tewksbury Hospital and a state representative is taking the fight to Beacon Hill to give security the non-lethal equipment back.
A family is demanding answers from the Gloucester, Massachusetts school district, after learning their five-year-old son was left alone in a quiet room for nearly half an hour.
A nurse says the decision is leaving the staff and patients at Tewksbury Hospital vulnerable to serious injury.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Maine Governor Janet Mills' run for Senate comes with an unusual promise - she will only serve one six-year term.
Dover Saddlery is closing its Wellesley, Massachusetts store and preparing for more than 100 layoffs.
The "dirty soda" trend is coming to drive-thrus all over Massachusetts as Dunkin' is now serving up its own version of the viral drink.
Smokey Bones is closing all of its restaurants, including Massachusetts locations in Tyngsboro and Taunton.
Boston ranks right up there with Hawaii as one of the most expensive vacation spots in the country, according to a new report.
The Market Basket Board of Directors was justified in firing longtime CEO Arthur T. Demoulas, a judge ruled Monday.
In Groton, Massachusetts, there is a recently opened state-of-the-art venue that is becoming one of the region's premier nonprofit music destinations.
Stellwagen Bank National Marine Sanctuary is a protected marine ecosystem off the coast of Massachusetts known for its rich biodiversity, world-class whale watching, and historic shipwrecks.
Best Bees installs and manages professionally maintained hives for homes, businesses, and institutions.
Known for his sustainable cooking and farm-fresh ingredients, Woods Hill's Charlie Foster is a leader in the farm-to-table movement.
Gaining Ground in Concord, Massachusetts is one of the region's leading non-profit farms dedicated to hunger relief.
Kyle Schwarber hit his major league-leading 18th home run and the Phillies defeated the Red Sox 3-1 on Thursday night.
After days of leaks and rumors, the NFL finally released the full schedule for the New England Patriots.
The New England Patriots won't have to wait long for another crack at the Seattle Seahawks after getting dominated in the Super Bowl.
The Boston Red Sox beat the Philadelphia Phillies 3-1 on Wednesday night.
Quintayvious Hutchins, a New England Patriots draft pick from Boston College, has been charged with an assault at a dorm on campus, according to court documents.
A Boston man says he's lucky to be alive after jumping into the Charles River to save his dog.
Little Joe the gorilla is leaving Boston after decades at the Franklin Park Zoo.
There's been another sighting of an unusual killer whale named Old Thom in the waters off Massachusetts.
A soccer coach in Ludlow, Massachusetts plans to pay it forward after winning big on a lottery scratch ticket.
The Rumney Rocks Climbing Area is partially closed as nesting peregrine falcons could attack rock climbers.