Host Tess Vigeland and Kathy Kristof of CBS MoneyWatch take your questions on retirement — like, how can a surfer in New Zealand save for her eventual American retirement? And is it crazy to borrow from retirement to buy a house?
L.A.'s high pension costs are a big budgetary problem for the city, and bankruptcy may be on the horizon. But L.A. Mayor Antonio Villaraigosa insists that's not an option. Chris Richard explores why.
Critics of Illinois's budget are calling for reform to the state's pension assessment. The retirement system is nearly $80 billion in debt, the largest unfunded pension liability in the nation. Jay Field reports.
Jonathan Clements, former personal finance columnist for the Wall Street Journal, says recessions can be great times for retirement. He shares his view with host Tess Vigeland.