Retirement
Path Cleared to Slash Pensions in Detroit
B.T. Ballenger on December 4, 2013
The retirement of thousands of former Detroit city employees may be a casualty of the city’s bankruptcy.
Social Security Offers Lump Sums? Yes, but Be Careful
Guest Blogger on December 3, 2013
Claiming a large check from Social Security may hurt you in the long run.
Are You Your Parents’ ATM?
Donna Freedman on November 25, 2013
If you’re helping out parents whose money isn’t stretching far enough, what happens to your own finances?
Average 401(k) Balance Reaches Record High
B.T. Ballenger on November 15, 2013
According to Fidelity Investments, the average 401(k) balance is up more than 11 percent from a year ago, which was also a record.
Could Medicaid Come After You for Mom’s Nursing Home Bill?
Marilyn Lewis on November 14, 2013
Some little-known state laws hold grown children responsible for their parents’ care — at least in theory.
Ask Stacy: Should a 22-Year-Old Have an IRA?
Stacy Johnson CPA on January 31, 2018
A reader’s son just inherited an IRA from his grandmother. It’s not a big amount now, but if he plays his cards right, it could make him a millionaire one day.
Tax the Well-to-Do More for Social Security, Many Older Americans Say
B.T. Ballenger on November 4, 2013
There’s a lot of support to raise the cap on how much income can be taxed for Social Security. What do you think?
Study: Millennials Need at Least $1.6 Million to Retire
B.T. Ballenger on October 31, 2013
If you’re part of the generation born between the early 1980s and early 2000s, this is depressing. But there are lessons to take heart from.
Social Security Benefits Rising 1.5 Percent in 2014
B.T. Ballenger on October 30, 2013
In one of the smallest increases ever, the average recipient can expect to get $19 more per month.
Study: Average Millennial Can’t Retire Until Age 73
B.T. Ballenger on October 24, 2013
Student debt will cost the average millennial $115,096 in lost potential retirement savings, a new study says.
The Biggest Victim of the Debt Ceiling Deal: Your Retirement
Guest Blogger on October 21, 2013
Some in Congress are playing a dangerous game with their constituents’ money, their livelihoods and their retirement savings.
11 Tips for Retiring When You’re Nervous About the Economy
Kentin Waits on October 18, 2013
Retirement today definitely takes more planning, may take some creative downsizing, and probably won’t be the same type of retirement that your parents or grandparents had.
Americans Fall Into 4 Money Mindsets. Which Is Yours?
Guest Blogger on October 2, 2013
Are you a perfectionist, a dreamer, a procrastinator, or are you wandering in the financial wilderness without a spending and saving plan?
Poverty Rises Sharply Among Older Single Women
B.T. Ballenger on October 1, 2013
The number of single senior women living in extreme poverty jumped between 2011 and 2012. It’s not clear why.
Government Shutdown: Are You Affected?
B.T. Ballenger on October 1, 2013
Yes, you are. But how much depends on where you work and what you’re doing in the next few weeks.
Study: With Age Comes Financial Wisdom
B.T. Ballenger on September 26, 2013
New research suggests experience often trumps a quick mind.
Reverse Mortgage Changes: What You Need to Know
Guest Blogger on September 26, 2013
New rules that go into effect Oct. 1 may make the loans more difficult to get, and allow less access to a home’s value.
Secrets to Financial Success Can Fit in Your Pocket
B.T. Ballenger on September 23, 2013
The best personal finance advice is easy to understand and put into practice.
Are Boomerang Kids Overstaying Their Welcome?
Guest Blogger on August 20, 2013
Junior has moved back in after college and he’s not planning on going anywhere soon. Why aren’t adult kids starting their own lives outside the nest?
You’re Retired? How to Volunteer Overseas
Susan Ladika on August 16, 2013
Retirement doesn’t need to keep you at home. Seniors are the fastest-growing segment of international volunteers.
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