Older Americans staring at retirement in the face are finding it hard to save. So how does the millennial generation — which faces a struggling economy and high student debt — feel about life after work?
In a recent survey, more than half of U.S. workers saving for retirement have less than $25,000 in the bank for the golden years. That's not a lot of money — how do retirees survive on that?
We work day after day, year after year, to get ready for a future when we hope we won't have to work. But retirement isn't quite as simple as it used to be, says commentator Chris Farrell.
Increasingly, retirement funds are being used for anything but retirement. But there are huge risks involved with raiding your retirement to start a business or for private equity investments.
One retiree is seeking to sell her house and move. But she wonders whether it would be wiser to pay for a house with cash or carry a mortgage in retirement.