Retirement — especially in the global economy of the 21st century in which jobs are scarce and life-prolonging medical procedures plentiful — may be the financial challenge of our lives. Our special report examines the different challenges of three American generations (Boomer, X, and Y).
Baby boomers, with their inheritances, homes, and old-fashioned pensions, may appear to be on track for a solid retirement — but some experts say the forecast for the generation born from 1946 through 1964 isn’t necessarily so rosy.
Gen X is the first generation to deal with the changing models of American retirement—and its members are flustered. The generation once called “slackers” has been true to form with retirement planning.
April is the month with the deadlines for IRA contributions and mandatory IRA withdrawals and the deadline for your 2011 IRA contribution is April 17, 2012.
Large scale investors are rushing in with cash on hand and that gives them the upper hand in competition for distressed properties. So how does an individual investor without extra cash lying around, get in? Retirement funds.
A look at the alternative investing that pension funds are pushing, with Steve Leblanc, Teacher Retirement System of Texas senior managing director of private markets, who discusses the diversification of pension funds.
The change partly reflects demographics but also government cost-cutting that has resulted in less generous pay and benefits, the New York Times reports.
Ameriprise Financial examined where consumers are most confident about retirement. Many expressed a nagging sense that they hadn’t saved enough money to keep them afloat. They’re right to worry, but they still have time for corrections.
In a matter of just 25 years, defined contribution plans have become the predominant retirement tool available to American workers, many of whom have little investment experience. Nevertheless, the novelty could be wearing off, as 401(k) plans may be ill-suited for the current economic environment.
Withdrawing money from a retirement account can carry a high price. Besides jeopardizing long-term savings, withdrawals can incur a 10 percent penalty. Still, if you’re in a financial pinch there are some options for cracking your nest egg that are better than others.