Host Tess Vigeland and Jill Schlesinger, editor at large for CBS's Moneywatch.com, answers listener questions about retirement, savings, students loans, and money management.
As many young adults struggle with finding a job and paying off student loans, and as families across the country work to pay off their mortgage, another group of people is even more worried about the future: those close to retirement.
Many Americans are unprepared for retirement — and an economics professor believes government intervention is necessary to create a viable retirement system.
The nation's largest public pension fund got just a one percent annual return on its investments, well below the 7.5 percent the California Public Employees' Retirement System had projected for the fiscal year that ended June 30.