All this recession talk isn’t going away, with manufacturing weakness joining the inverted yield curve and other indicators pointing to a possible downturn. Recessions can be tough on everyone, but they can be especially difficult for people saving up for retirement — or trying to live through it. We aren’t in a recession yet and might […]
Living a long time is obviously something to aspire to. But when most Americans consider their potential longevity, they’re faced with a nagging concern: What happens if they last longer than their money? This is actually a pretty big worry for many of us, with respondents to a recent survey by the financial services company […]
The retirement dream is moving out of reach for many Americans. A quarter of baby boomers expect to postpone retirement until age 70 or beyond, according to a report from the Insured Retirement Institute, and 8% don’t think they’ll ever retire. Even if you’re doing everything you can to scrape together some cash to put […]
Beth Moncel learned how to whip up tasty meals on a lean budget — then taught millions of savings-hungry home cooks to do the same. During the recession in 2009, Moncel was struggling to stay afloat while making pizzas in the prepared-foods department at Whole Foods. She had graduated two years earlier from Louisiana State […]
Recent figures show that Israelis take on more personal debt than any other nation, outspending their income by 156%. Research by the Taub Center showed that the average debt for 25- to 29-year-olds was NIS 150,000 ($42,000) compared to NIS 315,000 for those 50-60 ($89,000). The danger of accumulating so much credit card and personal […]
Many workers spend years dreaming of the day they can finally retire, and for some, early retirement would be a dream come true. Approximately 60% of soon-to-be retirees say retirement will be the most liberating phase in their entire life, according to a survey from TD Ameritrade, and 50% of survey respondents said they would […]
Experts often recommend saving up $1 million before you retire. While many people are able to live on much less than that, for others $1 million may not be enough, thanks in part to longer life expectancy and disappearing pensions. At the same time, many financial planners also suggest saving anywhere between 10% and 15% […]
Japan has one of the highest old-age dependency ratios but not one of the highest retirement income replacement ratios. That could spell trouble for its citizens, now and in the future. The old-age dependency ratio measures how many people there are over 65 years old to those who are between 20 and 64 years old. […]
For years, many workers nearing retirement have professed plans to work part-time during retirement. But few retirees have actually continued working part-time. Things are changing. A recent survey of pre-retirees and retirees shows that the gap between planning to work in retirement and doing so has narrowed. I have to confess I was a little bit surprised […]
As an entrepreneur, your work is such a big part of your life that it may be hard to imagine not doing it. But if, like many people, you are planning to keep working past 65, a recent study from Boston College’s Center for Retirement Research (CRR) may give you pause. “The share of workers […]
Remember the Seven Dwarfs song, “Heigh-Ho, Heigh-Ho (It’s Home From Work We Go)”? How about the 1988 variant by David Chamberlain, “I Owe, I Owe (It’s Off to Work I Go)”? You might be singing the latter tune for longer than you’d like as you try to reduce your debt and expenses while you work […]
For tennis great Andy Roddick, there’s one important rule that works both on the court and in the world of investing. “Even if you’re intimidated by words like ‘volatility’ and you think the world’s going mad … be disciplined with what you put away monthly,” the one-time U.S. Open champ told CNBC’s “Fast Money: Halftime […]
