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Only about 1 in 10 Americans understands the basics of longevity, or how long they'll live in retirement. Can you pass the test?
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
The gap between what people think they'll need for old age and their actual savings is massive, even for those nearing retirement.
Seniors and other recipients of the Social Security program may get a cost-of-living adjustment of 3.1% next year, one forecast says.
Even a brief interruption in plan contributions can affect people's financial goals years down the road, experts say.
Divorced people can often collect benefits under the federal retirement program based on their ex-spouse's work history.
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.
According to U.S. Census Bureau data, 50% of women and 47% of men between the ages of 55 and 66 have no retirement savings.
Retirement is a seismic life change that can impact mental health, with one study suggesting it increases the likelihood of depression.
"The benchmarks move as I get older," one man told CBS News. Now, his goal is to retire at 70 and then "look for something part-time afterward."
A crowdfunding effort for "Mr. James" caught fire when the students posted a TikTok video of the 80-year-old janitor.
Fewer employees have managed to stash away at least $1 million in retirement savings, according to Fidelity.
A brutal stock market took a toll on Americans retirement assets in 2022, according to new data from Fidelity.
Amid high inflation and a sagging stock market, anxieties about retirement are on the rise.
