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.
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.