As Americans struggle to recover from the side effects of the economic recession, there is one thing President Obama hopes that workers are able to do: put a little away for retirement. Speaking on the economy yesterday, Obama addressed the crisis levels that Americans are currently facing when it comes to their ability to save. [...]
You can’t sum up the retirement anxiety most Americans are feeling better than USA Today’s Matt Krantz, who writes, “For many Americans, the golden years are quickly taking on a tin-like hue.” The decline of the traditional retirement instruments such as pensions, combined with a decade of poor stock performances and a still-depressed housing market, have [...]
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 [...]
Will your retirement plan protect you in the toughest of economic storms? Indeed, making smart decisions now can shield your retirement from even the most unpredictable economic meltdown. An interesting case study on this front comes from CBS Money Watch’s Steve Vernon, who writes how the smart decisions his parents made are still protecting his [...]
With all of the financial worries that Americans face today – unemployment, stock market declines and the looming prospect of a double-dip recession – it’s no wonder that saving for retirement has taken a back seat. As our economy continues to flounder, workers are increasingly focused on affording on the necessities, such as food, gas, [...]
Indeed, the economic activity of the last week has incited a slew of bad memories from those who watched their retirement dissipate in 2008. With the Dow Jones Industrial Average closing down more than 500 points last Thursday, combined with the downgrade in the U.S. credit rating by Standard & Poor’s on Friday, it’s clear [...]
Many used to view the American dream as owning the perfect home in a great neighborhood, complete with a white picket fence, new car and children running through the beautiful front lawn. But, today, with the nation still struggling to get back on its feet after what many call the “Great Recession,” the American dream [...]
