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Learning about reverse mortgages
Chris Farrell Apr 12, 2012
It's worth learning about reverse mortgages. The homeowner gets access to their home equity without moving.
Funding an IRA when retired
Chris Farrell Apr 11, 2012
My wife and I just retired last June. She just turned 60 and I will turn 59 soon. We own our home and cars, we have no credit card debt and our savings (not including retirement accounts) is almost $100,000. Our kids both finished college without accruing debt (thank you very much!). As I completed our taxes this spring, the amount owed is almost $2,400. If we open an IRA for $8,000, the amount owed drops to under $1,200. Does it make sense for us, at this point in our lives, to invest in the IRA for the tax savings? Part of me says it is a no-brainer; the other part says that investing in an IRA when you are already retired doesn't pass the common sense test. What do you think? Mike, Blue Earth, MN
Baby Boomers choosing to retire earlier
Jeremy Hobson Apr 9, 2012
There was one tiny bright spot to March's unemployment report: 164,000 fewer people were looking for work. One particular demographic that has dropped out of the search -- Baby Boomers who are choosing to retire prematurely.
Retirement and working longer
Chris Farrell Mar 29, 2012
"A steadily growing portion of the workforce will continue to work at least part-time well beyond the 'normal' retirement age of 65," says a senior research fellow at the New America Foundation.
Home renovation and retirement
Chris Farrell Mar 26, 2012
Middle-aged homeowners should think about adding features that make it easy to age in place with any home remodeling project.
A bleak snapshot of America's retirement future
Chris Farrell Mar 13, 2012
Americans share little confidence in their ability to afford a comfortable retirement. The 22nd Retirement Confidence Survey by the Employee Benefits Research Institute is stagnant at historically low levels.
More bad news on retirement
Chris Farrell Feb 23, 2012
A substantial fraction of people die with virtually no financial assets -- 46.1 percent with less than $10,000.
51%: An ominous number
Chris Farrell Feb 22, 2012
More Americans are at risk of a lower standard of living in retirement.
For five years of love and fiscal responsibility
Tess Vigeland Feb 17, 2012
A marine declares his love for his wife of five years, who along with love diligently sent him burned copies of Marketplace Money every week through two tours of duty.
Small talk: New car smell, Girl Scout cookies
Rico Gagliano Feb 17, 2012
The news that didn't quite make the headlines. This week: Girl Scouts get high-tech, that new car smell is toxic and getting to Ecuador if you're a retiree.
