Watch CBS News
Choosing when and how to claim Social Security can make or break a retirement. At last there's software that can help you make this important decision, and find a financial planner who knows about strategies to optimize your decision. Read here for details.
Which is a better method of generating retirement income from your retirement savings? Should you buy an immediate annuity or use managed payouts? Read here for a comparison of how much income you can generate from each method, plus a discussion of the pros and cons of each method.
In spite of heightened concerns about another recession, participants in 401(k) plans are increasing their contributions. These workers are brave -- and smart. Read here for details.
Here's a retirement story from Sweden that exemplifies a can-do spirit we like to think is typically American. We should take notes to help us be resilient and creative for thriving in our retirement years, given the retirement planning challenges we face.
A new study describes how a group of 401k investors boosted their annual returns by 3% per year. What was their secret?
Are you or someone you know hunting for a new job? These days a job search can last six months or more and include a number of expenses. But there is some help in the form of tax breaks for job hunters.
Retirement can be an expensive path to happiness, and 30 years may be too long to be retired. To live long and prosper, we'll need to be creative, inventive, and resilient. Read here for secrets to afford retirement.
When most folks retire, they are advised to rollover their 401(k) account to a rollover IRA. But retiring employees need to know that the 401k plan provided by their employer provides several advantages.
A recent paper has called into question the generally accepted rule that four percent is the amount you can safely withdraw from IRAs, 401(k) accounts, and retirement savings to generate reliable, lifetime retirement income in today's economic environment. Read here for details.
Employers can automatically close the accounts of former employees only if the balance is low. But you may not have to take a full withdrawal of your account from your employer's plan.
Here's one story that illustrates the need to investigate on your own any type of investment, whether an annuity or mutual fund product. Don't invest in them simply because your friends are. If you do your homework now, you'll thank yourself later.
Despite their popularity, there's a significant problem with most 401(k) plans and other defined contribution retirement plans. You're on your own to figure out how to use your savings to generate retirement income that will last the rest of your life. Read here for an innovative idea to address this challenge.
If you have a very large insurance claim or there is a significant difference between what the insurance company will pay and what you believe should be paid under your policy, you may want to hire a professional to help you.
The Obama administration recently announced it would not recommend to the debt super committee that Social Security be modified, stating that Social Security won't contribute to deficits in the near or medium term. Is this last statement correct? Read here to find out.
Once an insruance loss is assessed and the claim is quantified, it's not uncommon to find yourself in a position of having to challenge the first settlement offer from the insurance company.
