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Generating a lifetime retirement income takes careful planning. Beware of receiving "free" advice from salespeople who may not have your best interests at heart. Read here for an insightful case study.
I've previously written about the potential threat of ruinous long-term care expenses, and my posts are full of strategies -- supported by facts and figures -- that can help you be prepared. But people often need personal stories to really "get it." Read here for some motivation to be prepared.
One of the biggest weaknesses of 401(k) plans is that they allow workers to cash out when they leave their employer or change jobs.
Are we hard-wired to make poor retirement choices? The famous Marshmallow Experiment that measured children's ability to delay gratification gives us fascinating insights into this question, and provides ideas to improve our retirement decision-making. Read here for details.
You can't always trust the answers you get on the phone from Social Security, but there's nothing terribly wrong with that. Read here to learn how to get the right answers.
Many retirement calculators do an adequate job of helping you decide how much to save when retirement is far in your future, say, when you're in your 20s, 30s, and 40s. When you get to your late 50s or early 60s, however, and you're trying to figure out exactly how and when you'll retire, you'll need more precision. And that's when many retirement calculators come up short. Read here to learn how to overcome five common flaws.
Retirement income annuities generate strong feelings from investors on both sides of the fence. You'll have to educate yourself and decide what fits.
It's not enough to prove that kids can and want to learn about budgeting and borrowing. The question now: does this kind of knowledge trump basic destructive impulses like the desire for instant gratification and peer acceptance? Here are 3 reasons to teach money to kids in school.
Workers who are automatically enrolled into their 401(k) are invested into a default fund and they need to know that these are not personalized for their specific situation or needs.
Volume deals have come to your local grocer. But don't be fooled. They are gimmicks without savings.
Don't let the bad rap generated by deferred annuities stop you from considering immediate annuities when you retire. They can have an important place in your retirement income portfolio. Read here for details.
The default settings for savings rates on auto-rolled 401(k) accounts are too low to accumulate a meaningful retirement nest egg. If you are auto-enrolled in your 401(k), there are some things you must do to get your 401(k) on a faster track for growth.
According to a Fidelity survey, workers are increasing their contributions to their 401(k) plans at work. While this is good progress, even higher contributions are needed for a secure retirement. Read here to learn what's recommended.
The fan who caught Jeter's hit number 3,000 and gave the ball back is being showered with generosity. Does good Karma trump smart money decisions? I wouldn't count on it.
When is the right time for a college student to start building their credit profile? The simple answer: as soon as they are ready. Here's how to tell, and how to get the job done.
