Retirement advice and news
Retirement advice and news from CNN Money
| Retirement advice and news - CNNMoney.com Updated : Will $4 million in retirement savings be enough? I hope to have $4 million saved by the time I retire in 30 years. That sounds like a lot of money, but how much would that be in today's dollars? -- Brian Publ.Date : Thu, 02 Feb 2012 14:58:41 EST Laid off and making the retirement savings last Ed Parker never planned on retiring early. But in 2009, at age 61, he was laid off from his job as a manager at a Caterpillar dealership and realized he was ready to end full-time work. His wife, Roxann, had retired a decade earlier from her job at a department store, and travel plans beckoned. Publ.Date : Fri, 27 Jan 2012 12:55:04 EST Don't shortchange the later years Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K. Publ.Date : Fri, 27 Jan 2012 17:52:41 EST Recovering from a too risky portfolio We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, the Mitchells' story -- and the recommended financial fixes. Publ.Date : Fri, 27 Jan 2012 12:48:53 EST Nonprofit founders put passions ahead of planning Scott Pankratz and Julie Osborn are phenomenal planners and money managers -- except when it comes to their own investments. Publ.Date : Fri, 27 Jan 2012 12:51:06 EST Retiree havens go on sale Even if you're a decade or more away from quitting time, you may be thinking about buying a retirement home right now. Publ.Date : Mon, 12 Dec 2011 11:17:59 EST Can I give my 401(k) firm the boot? My 401(k) is managed by a brokerage firm that was busted by the SEC for fraudulent practices (although those practices weren't related to my 401(k) plan). Still, I don't want to invest my money with, or pay fees to, to a firm I consider unethical. For now, I've switched all of my money into the bond account figuring it's the safest place to invest until I can figure out what to do. But I'd really like to get into another 401(k) plan. Can I do that? -- Michael S. Publ.Date : Wed, 25 Jan 2012 16:31:18 EST Is a pension a stand-in for bonds? Our 401(k) and Roth investments are in stock index funds and commodities. We own no bonds. With a pension and Social Security, can we keep forgoing bonds? -- D.F., Washington, D.C. Publ.Date : Thu, 12 Jan 2012 05:22:31 EST Manage retirement savings as you age How much should I have in a 401(k) or other retirement accounts at various ages relative to my salary so I know I'll eventually enough money to maintain my standard of living throughout retirement? -- K.T., Olathe, Kansas Publ.Date : Thu, 22 Dec 2011 05:24:52 EST Delaying retirement: 80 is the new 65 A quarter of middle-class Americans are now so pessimistic about their savings that they are planning to delay retirement until they are at least 80 years old -- two years longer than the average person is even expected to live. Publ.Date : Wed, 16 Nov 2011 13:08:24 EST For most seniors, a small Medicare rate hike Some 35 million Medicare recipients will have to dig a little deeper into their pockets when they go to the doctor next year. Publ.Date : Thu, 27 Oct 2011 16:12:26 EDT IRS raises 401(k) contribution limit to $17,000 You'll be able to contribute more tax-free money to your 401(k) next year, the IRS announced Thursday. Publ.Date : Thu, 20 Oct 2011 12:37:50 EDT |