Apr 26, 2012
Gallup's latest surveys asked how Americans were feeling about their personal finances, and whether they think they'll be able to retire comfortably.
Apr 17, 2012
I'll be retiring in a few months and my husband is already retired. We are thinking of selling our home in Florida and moving to California to be closer to our children and grandchildren, who live in Los Angeles. Another option might be to keep the house in Florida, buy an RV and camp out in an RV park in California until we wear out our welcome. What are some of the pitfalls that we should try to avoid? Nancy, Milton, FL
Apr 12, 2012
It's worth learning about reverse mortgages. The homeowner gets access to their home equity without moving.
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
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.
Mar 28, 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.
Mar 26, 2012
Middle-aged homeowners should think about adding features that make it easy to age in place with any home remodeling project.
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.
Feb 23, 2012
A substantial fraction of people die with virtually no financial assets -- 46.1 percent with less than $10,000.