With so many people predicting doom and gloom in the last few years, it's hard not to feel like we are trashing our future retirement prospects with every move. We reminisce about the good old days, wish ...

U.S. money manager T. Rowe Price Group Inc on Wednesday said it plans to launch 11 new target-date funds that will put less emphasis on stocks before retirement and more on bonds. The Baltimore-based company ...

We've been framed, at least when it comes to deciding when to begin taking Social Security benefits . According to behavioral economics research, the way seniors are presented with information about Social ...

This investor is looking to better-position an inherited IRA for RMDs--and future growth.

When you're first starting out on your own, it can be difficult to feel as though you have enough money to save for retirement . Many people have the misconception that they need to have a certain amount ...

Like the fiscal Bobbsey twins, Social Security never seems to travel without its beleaguered entitlements companion, variously called health care, or Medicare, or sometimes Medicare and Medicaid. This ...

A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? A growing number of 401 plans are including investment ...

Retirement beckons, and this couple has some decisions to make.

The chairman of DeVry Inc., Harold Shapiro, will retire in November, at a time when the education company is struggling with shrinking U.S. enrollments. Shapiro, a former president of Princeton University ...

There are a lot of things that are difficult to control when it comes to retirement. We can't control stock market returns, the meteoric rise of medical costs or the yearly increases in Social Security ...

Saving $1 million for retirement is a realistic goal for most workers, but it will take a considerable amount of effort to get there. And there are plenty of fees, taxes and penalties that could make it ...

Dear Dr. Don, A recent column said that a $250,000 annuity would generate a monthly payment of $2,268, which would be a return of 1.7 percent. However, I calculate that $2,268 monthly would be $27,216 ...

Call it a midlife epiphany. After decades of pursuing money, titles and ever more stuff, baby boomers are coming to a big realization: Success and security just aren't enough anymore. They want something ...

While everyone's desired retirement goal is different, you can, with just a bit of math, come up with a rough idea of your savings goal. Here's how

A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession. ...

David Beckham's pecs are at least as much a part of his brand as his kick; his brand of shoes ultimately more lucrative than the game he's giving up. Listed as the world's highest-earning athlete for 2013, ...

Unless Gen Xers and late baby boomers are able to make big changes in their savings, spending and debt habits, they are on track to become the nation's first generations to fare more poorly than earlier ...

Many people think they will no longer have stress in retirement. Safely crossing the finish line into retired life is the end goal of years spent working and saving, and we deserve to leave our troubles ...

After David Beckham's long and distinguished soccer career ends on an artificial turf field in northwestern France, his life promises to be perhaps even more glamorous than it already has been. Nearly ...

In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old ...

A second career can provide opportunities whether you are worried about outliving your retirement savings, or you want to stay productive and do something meaningful later in life.

The head of the Internal Revenue Service's tax exempt/government entities division plans to retire, the IRS said on Thursday, marking the second personnel change at the agency after a scandal involving ...

Members of Generation X are on track to replace a median of just half of their current salary in retirement. That's a far smaller proportion of income than early baby boomers (82 percent) and depression ...

Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. A 65-year-old couple retiring this year will need $220,000 to pay for healthcare for the rest of their lives, ...

Last year, I left my corporate job and rolled my 401(k) over to an IRA. This was a great decision for me because the stock market did tremendously well over that period. When you retire, you need to figure ...

If you establish these money-saving habits and patiently allow your wealth to build, you will be taking some huge steps forward in making your financial future more secure.

Dear Retirement Adviser, I typically make about $55,000 a year. I will turn 66 years old in September 2014 and will retire the following year. Can I get Social Security starting in January 2014 and avoid ...

Dear Tax Talk, I withdrew $38,000 from my Roth IRA last year due to unemployment to pay living expenses, medical premiums and bills. Is there a way to avoid paying an early withdrawal penalty? -- Janet ...

A former intensive care nurse with a businesslike approach to a politically divisive public policy area won Senate approval Wednesday to run Medicare and other major health insurance programs. By an overwhelming ...

After years of increasing health care costs, the outlook is improving for seniors worried about paying their medical bills during retirement. For the second time in the last three years, estimated medical ...

BABY BOOM BILLS: A 65-year-old couple retiring this year would need $220,000 on average to cover medical expenses not covered by Medicare, according to an estimate by Fidelity Investments. SILVER LINING: ...

Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions. ...

It's clear that most Americans aren't saving enough for retirement, and it's easy to put the blame on the current 401(k) and IRA retirement system . After all, the good old days when a traditional pension ...

If misery really does love company, then America's aging baby boomers are due for a global group hug. Citizens in a 12-nation survey overwhelmingly reported they are not ready for retirement and expect ...

Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. A 65-year-old couple retiring this year will need $220,000 to pay for healthcare for the rest of their lives, ...

Taxes Investment Taxes When It's Ok To Tap Your IRA You've been saving diligently for your retirement, but now you need some of that cash to cover today's expenses. Can you get to it without incurring ...

Dear Dr. Don, Do employer contributions to a 401(k) plan count against the maximum limits you can contribute to the plan? Do they affect the amount you can put into a traditional or Roth IRA? -- Pat Plans ...

Everyone knows you're supposed to save money for retirement. So how come, according to the Employee Benefit Research Institute, over half of retirees admit they have less than $25,000 in savings? It's ...

Coming to terms with the realities of your later years can be one of the toughest challenges of aging. America is obsessed with youth, and even acknowledging the inevitability of aging may be considered ...

A number of alarming signs forecast that Social Security won't be able to provide today's younger professionals nearly as much money for retirement as it gives baby boomers (if any at all). As such, savvy ...

Using a retirement account to save for college invites many potential pitfalls.

Transocean Ltd. said Monday that J. Michael Talbert plans to retire as chairman of the oil drilling company's board by November. The move comes amid intense pressure on Transocean from billionaire investor ...

If you're an American considering the idea of retiring overseas , your Medicare won't travel with you. The United States generally prohibits Medicare from paying for medical services for retirees outside ...

The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean no paychecks for workers, no pension ...

Health care clearly has emerged as the greatest financial risk faced by retirees. The incidence of expensive chronic diseases is higher for today's retiring baby boomers than it was for their parents. ...

See what rich investors have gotten right — and where they've gone wrong.

There is a decision to be made for those pondering retirement: Claim reduced benefits at age 62, or wait until later to get a larger payout.

The oldest baby boomers have already turned 65, and the older population of the U.S. is beginning to swell. The age-65-and-older population grew 18 percent between 2000 and 2011 to 41.4 million senior ...

Barbara Walters is retiring. The veteran ABC News anchor is set to announce Monday morning on "The View" that she will retire from TV journalism next summer. ABC said in an announcement late ...

Dying is generally an unpredictable event, but planning for your passing can make it easier for everyone. That is, unless estate planning goes terribly wrong. Unfortunately, unless an error or bad plan ...

Dear Retirement Adviser, I have a 15-year fixed-rate mortgage at 6.99 percent, and it will be paid off in 2018, right before I turn 65. I should have no debt by the time I retire if things go as I plan. ...

Many let portfolio performance dictate how much they spend.

The quick-and-dirty formulas are meant to motivate you to save more.

Here are some up-and-coming destinations where retirees can easily live on an income of $2,000 a month.

The Social Security Administration launched a website specifically for smartphone users this week. People who visit SocialSecurity.gov via smartphone, including Android, Blackberry, iPhone and Windows ...

My daughter was recently at a deli where she overheard a couple in the next booth discussing retirement. They were talking about reading a recent article on the blog LoveBeingRetired.com. With a smile ...

Ask yourself, "Am I saving enough for retirement?" If the answer is "no," you're not alone. Studies show most people don't have enough in savings when it comes time to leave the workforce. ...

Some of the prettiest, most touristy states in the nation are also some of the toughest on retirees.

Robin Brewton, who advises clients on Social Security benefit strategies, has boosted retirees' financial security with a single question: Are you divorced? It is a little-known fact: If you're divorced, ...

Learn more about this popular defined-contribution retirement plan that many business owners, proprietors, and self-employed people can benefit from.

OFF-FIELD CONCERNS: The announcement Wednesday that Manchester United manager Sir Alex Ferguson will retire has raised concerns not only over the club's dominance of English football but also about its ...

One type of security pensions tend to invest in is sovereign debt, or debt issued by a government.

When Barbara Grover and her husband received an inheritance they were not expecting five years ago, they planned a luxurious family trip. Rather than plowing the money back into retirement savings, the ...

Should you open a traditional or Roth individual retirement account? Choosing a traditional IRA means you don't pay taxes upfront on your contribution, but you will pay taxes when you withdraw money. If ...

A torrent of money flowing into target-date funds suggests many retirement investors may be ignoring the risks of this key category. These funds now represent the second-most-popular allocation after U.S. ...

It's no secret that pension plans around the country are in trouble. The old-fashioned defined benefit plans in both the public and private sectors face funding shortages, and some radical solutions have ...

Dear Dr. Don, I am 28 years old, earning $23,000 a year, so I currently live at home. I have a 401(k) plan that I've been contributing into, for a little over three years. It's worth about $8,500, and ...

When Rod Thorpe and his wife, both seniors, faced moving from their 4,600-square-foot house into a small apartment a year ago, they turned to a professional downsizer. The consultant, Christine Smart, ...