When you say “retirement savings,” to many working Americans, it’s no surprise that 401(k) plans come to mind first. We all know that plenty of Americans put money into their 401(k) accounts each month, thinking that by doing so they are adequately saving for retirement. But, as Reuters recently summarized, with the recession, market crashes, [...]

With summer coming to end, college students are packing up their bags and heading back to campus. And while parents can rest assured their children are receiving a great education, what they can’t be sure of is how their children are managing their finances. With new credit cards and no parental supervision, it’s easy to [...]

Long gone are the days of leaving the workforce completely and retiring to a warm destination filled with golf and relaxation. Instead, baby boomers are taking a vastly different approach to retirement. As a new study reveals, baby boomers are defining their “new retirement” by maintaining a much more active lifestyle than generations past. Check [...]

The retirement of Apple, Inc. CEO Steve Jobs came as a surprise to many this week.  Countless Americans expressed concerns over the future of the company, but one concern that wasn’t on anyone’s mind: how Jobs will pay for his retirement. It’s easy for someone in such a powerful position to retire without a care [...]

We’ve been reporting on so-called “alternative paths to retirement” for some time now. In essence, it explains the phenomenon of continuing to work, in one manner or another, for a number of years before leaving the labor force completely. But as Emily Brandon reported earlier this week, the traditional, abrupt retirement we’ve come to know (and [...]

Yesterday, across the East Coast, Americans felt the shock of a 5.9 magnitude earthquake. People were frantic, buildings were evacuated and the West Coast endlessly mocked the East Coast. But the earthquake isn’t the only thing causing shakiness amongst Americans – financial insecurity is also causing some tremors and panic amongst families from coast to [...]

The reasons vary – the 2008 collapse of the stock market, caring for an ailing parent, the bad housing market – but more and more the result is the same: Americans are delaying retirement. In fact, the Wall Street Journal reports, “more than three in five U.S. workers in their 50s and 60s plan on [...]

If you had to guess how much money is needed for a financially secure retirement, what would it be? $500,000? $750,000? $1 million? Unfortunately, none of those amounts are enough to live comfortably during your golden years. A recent piece from MSNBC reveals that our nation has reached a time when $1 million won’t be [...]

Given our nation’s turbulent economic situation, how are Americans ensuring the money they’ve saved will last? As NPR’s Kathy Lohr reports, some are working longer, seeking part-time jobs and even retiring to other countries where the cost of living is cheaper. She cites a recent AARP survey of 5,000 Americans who are 50 or older, [...]

Retirement worries are looming for all Americans. With the unpredictability of the stock market, and the threat of a double-dip recession, it seems as though fears regarding retirement savings are inevitable. But, as we’ve reported before, some populations are more at risk for financial strain in retirement than others, one of which is women. Summarized [...]