Retirement

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A rise in hardship withdrawals

Aug 20, 2010
A new report from Fidelity Investments says more Americans are dipping into their 401(K)s and other similar funds. Jill Schlesinger, editor-at-large at CBS MoneyWatch, talks with Steve Chiotakis about why a record number of people are making hardship withdrawals.
Posted In: Retirement

Getting personal: Supplementing retirement, college costs

Aug 13, 2010
Tess Vigeland and Kathy Kristof from CBS Moneywatch.com answer listener questions on how to invest to supplement retirement in the future, how much to help a child out with college costs and how to dig yourself out of college debt.
Posted In: Education, Retirement

Forget 65, Americans should retire earlier

Aug 13, 2010
Marketplace's Economics Editor Chris Farrell argues that retirement age can be lowered -- without ruining the Social Security system.
Posted In: Retirement, Savings

How to save if you're retiring at 70

Aug 13, 2010
Tess Vigeland talks to Dr. Christian Weller, a Social Security expert, on how raising the retirement age would affect how people plan and save for retirement.
Posted In: Retirement, Savings

Some retirees living from Social Security check to Social Security check

Aug 13, 2010
Nearly 15 percent of retirees depend on a Social Security check as their sole source of income. Reporter Peter O'Dowd talks to seniors in Arizona about getting by with just Social Security.
Posted In: Personal Finance, Retirement, Savings

Low interest rates affect fixed income investments

Aug 3, 2010
It's a great time to get a loan -- interest rates are low low low. But the low interest rates negatively impact retirees who expected more from their fixed income investments.
Posted In: Investing, Retirement

Chamber wants states to cut back on pensions

Jul 30, 2010
The U.S. Chamber of Commerce says states should cut contributions to retirement plans during lean times.
Posted In: Retirement

Gov't workers are losing their pensions

Jul 2, 2010
Most workers today have 401(k) plans. Government employees, however, are an exception. The retirement guarantees they thought they had are vanishing because budget woes are forcing deep cuts in government workers' promised benefits. Marketplace's Mitchell Hartman reports.
Posted In: Retirement

Unions cry foul over benefit cuts

Jun 29, 2010
A fight's brewing in Baltimore over efforts to cut pensions for cops and firefighters. It mirrors similar struggles across the U.S. As local governments try to balance their budgets, retiree benefits are a juicy target. Mitchell Hartman reports that doesn't sit well with public-employee unions.
Posted In: Retirement

Immediate annuity

Jun 21, 2010
Question: My husband and I will be 60 this year and our retirement savings will, under very conservative scenarios, provide a good retirement...
Posted In: Retirement

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