More upbeat about their prospects, Boomers are reshaping traditional notions of how the golden years should be lived.» Read More
CNBC's Eamon Javers reports on changes made to Social Security and Medicare. Social Security now has resources sufficient to cover benefits until 2033.
More than half the oldest boomers- those born in 1946- had fully retired by the end of the year in which they turned 66, the age the Social Security Administration pegs as "full retirement age," according to a new survey by the Metlife Mature Marketing Institute.
NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "
A little known rule change is signaling just how meaningless the retirement vehicle has become.
An estimated 120,000 cases of fraud will rise from a single, huge data breach last year, resulting in more than $3,300 in losses, on average, for each victim.
One of the biggest challenges facing Beijing's new leadership is how to spread the benefits of growth to every citizen.
President Obama's proposal to slow Social Security spending by calculating cost-of-living increases differently has given conservatives and liberals something in common: they hate it.
WASHINGTON, April 23- By the time you are nearing the pre-retirement years, you've probably heard all that nose-to-the-grindstone advice hundreds of times: Work longer. Plow as much as possible into your 401 because you might live to be 100 and you'll need that money later. Most notably, those from fund and 401 company T. Rowe Price Group Inc..
Thanks to Social Security's complex rules, many recipients find out how to maximize their benefits only after it's too late to change their elections.
Robert Romasco, President of AARP, defends the organizations stand on social security reforms and the impact of entitlement program on the nation's growing deficit problem.
*Plan would trim Social Security retirement program. WASHINGTON, April 10- President Barack Obama proposed a $3.77 trillion budget on Wednesday that combines controversial cuts to social safety net programs with tax increases on the wealthy in a package the White House hopes will jumpstart deficit-reduction talks.
*Cuts to Social Security retirement program loom. WASHINGTON, April 10- President Barack Obama proposed a $3.77 trillion budget on Wednesday that combines controversial cuts to social safety net programs with tax increases on the wealthy.
Claims that reform would boost the economy are challenged by those who say costs in job losses and spending on social programs would be too high a price.
President Barack Obama is expected to formally propose a controversial change in how the government calculates inflation for Social Security and other federal benefits.
President Barack Obama's budget plan would change how increases in Social Security benefits are calculated. Experts say that could be devastating to recipients who need cost-of-living adjustments to survive.
A new survey finds Boomers' fears about finances have abated, with nearly a quarter of them feeling more secure than they did 12 months ago.
Social Security retirement program for the next 75 years. Assistant Senate Democratic leader Dick Durbin said the panel would be modeled after the "Simpson-Bowles" deficit-reduction commission that made recommendations to Congress at the end of 2010, but failed to garner enough support to push its comprehensive budget savings through Congress.
President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.
Pope Benedict XVI's retirement package – the first the Vatican has offered in almost 600 years – is a sweet deal by the average American senior's standards.
NEW YORK, Feb 19- Sandy Harsh never expected to find herself with $16,800 in credit-card debt and her retirement dreams drifting farther away. Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand.