NEW YORK, March 12- In the retirement planning space, there are two realities. The first consists of spreadsheets, calculators and frightening rules of thumb to guide workers and retirees in their saving and spending decisions.» Read More
Social Security recipients won't get much of a raise next year. Is government underestimating how much it costs seniors to pay the bills?
Millions of recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.
CHICAGO, Oct 11- There's a reason why 401 and individual retirement accounts are called "tax deferred." "RMDs are a double straitjacket," says Christine Fahlund, senior financial planner and vice president of T. Rowe Price Investment Services. " Like it or not, this is the time of year to think about RMDs, since in most cases they must be taken by Dec. 31.
Treasury Secretary Jack Lew says there is no good solution or contingency plan if Congress fails to raise the debt ceiling.
Treasury Secretary Jack Lew addresses the debt ceiling deniers and says this situation is like instead of making a mortgage payment, having to pay the entire mortgage.
Treasury Secretary Jack Lew says we've seen stability in both the short and long term but the market remains delicate.
Treasury Secretary Jack Lew testifies that if Congress creates an artificial crisis, retirees will sustain losses on their investments that they won't be able to make it up.
Treasury Secretary Jack Lew says the President has made it clear he is looking for a balanced approach to entitlement reform and tax reform to settle fiscal matters.
Treasury Secretary Jack Lew testifies that changing systems to only pay some of the country's bills is nearly impossible because we've always paid our bills on time.
Treasury Secretary Jack Lew testifies that the only way to avoid inflicting further damage to the economy is for Congress to act to raise the debt ceiling and re-open the government.
CNBC's Steve Liesman reports Treasury Secretary Jack Lew will testify that toying with the debt ceiling is irresponsible and that there's no way to "prioritize" the payments the government makes.
Because thousands of federal workers have been furloughed, lenders are not able to verify borrowers' income and other data with the Internal Revenue Service and Social Security Administration, making it difficult to authorize loans.
"The idea of putting the American people's hard-earned progress at risk is the height of irresponsibility and doesn't have to happen," Obama said.
A government shutdown would have far-reaching consequences at federal agencies dealing with everything from Social Security checks to national parks.
An upcoming GAO report says Social Security may have overpaid billions in benefits to people who had too much income from work to qualify.
If your golden years seem threatened because of financial setbacks, don't panic. Here are 10 tips from retirement experts on your next steps.
Rory Fitzgerald, director of the European social survey at the City University in London, comments on his survey which revealed a rise in job insecurity and a fall in trust in democracy in Europe since the crisis began.
More upbeat about their prospects, Boomers are reshaping traditional notions of how the golden years should be lived.
Social Security needs small fixes, but there's little political will to tackle reform, said Jack Bogle, Vanguard founder.
A new report finds that seniors who are African-American, Hispanic, female or 80 and older are more likely to face economic woes than other older Americans.