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Kids spend to much money in general, and there are signs that pre-recession bad habits are resurfacing. Help them get their spending in control without sacrificing these four pillars of good financial management.
Generating a lifetime retirement income from your retirement nest egg is one of the biggest challenges facing boomers. There are many approaches to figuring out how much to draw down each year from your retirement savings, ranging from buying an immediate annuity to doing it yourself. Here's how one actuary did this for his own retirement.
Friday is national 401(k) Day. Here's what needs to get fixed before the 401(k) is worthy of a big celebration.
Yes, only half of pre-retirees are on pace to have enough retirement income. But another 30 percent are within close distance of having enough. Here's how to close a small retirement income gap.
Many boomers will need to work in their retirement years, so one important goal is to make work as enjoyable and fulfilling as possible. Read here for some tips.
Household ownership of life insurance is at a 50-year low. A major life insurance association pushed the "grim" reality of that troubling statistic. What's really grim is that the life insurance indsutry could do millions of Americans a favor by making it clear how affordable term life insurance is.
Find your own piece of paradise in South America or Europe, and lower your cost of living at the same time.
With the recent overturning of California's Proposition 8 -- which had outlawed gay marriage -- gay marriage and gay couples have been on our radar lately. Here are the retirement planning steps that lesbian and gay couples need to take.
Your kids learned valuable money lessons during the recession. But you'll have to engage them to find out what they are and to help them make the most of this precious knowledge.
A large percentage of women (and to a lesser extent men) are basing their retirement plan on working longer. That makes plenty of sense in theoretical terms, but reality shows it could end up being a dangerous retirement strategy.
If you are in a hardship situation, before you take a nickel from your 401(k) consider these alternatives.
Here's a retirement planning idea that's outside the box: Join the Peace Corps. You can save a substantial amount of money -- over $88,000 if you're a married couple age 65 and over who serve together. And you'll be doing some good out in the world!
Social Security wants to vastly curtail the Double Dip strategy that currently allows anyone who opted to take early benefits to repay the benefits, and then re-file for a higher benefit payout at an older age.
There are several downsides of taking hardship withdrawals from a 401(k) plan. Think through these before raiding your retirement account.
Helping your kids buy a house is so yesterday. If you want to make a lasting difference in your kids' financial future, here are five investments with a more certain return.
