How much money do you need to retire? Americans have a magic number.
People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.
Watch CBS News
People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.
The stock market has lost $4 trillion since its high point, taking a huge chunk out of most 401Ks.
People are putting more money away for retirement.
The stock market has been a bit like the Phantom's Revenge roller coaster at Kennywood this year.
According to personal finance website GoBankingRates.com, 42 percent of Americans polled said they have less than $10,000 saved for their eventual retirement.
Fees can chip away at your retirement, often costing tens of thousands of dollars.
Most people work hard to scrimp and save for retirement, but how do some make it happen early?
Whether you're 25 or 55, you know you'll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
It's a dilemma that many parents face - how to help fund a child's college education. But with tuition costs so high, financial advisors worry that parents may be risking their own retirement to help their kids.
Some good news for those who sock away money from every pay-check into their 401K retirement fund. While the 2011 maximum pre-tax contribution to 401K's was $16,500, the 2012 amount that can be contributed without paying taxes on it is $17,000.
As politicians in Washington fail to compromise on the nation's debt ceiling, local financial analysts worry about the impact on us.
The annual Social Security statement, mailed out annually a few months before your birthday for all workers over age 25, will soon be a thing of the past.