WASHINGTON, May 27- Many Americans are not financially prepared for retirement, with almost a third of working adults without savings or a pension, according to a Federal Reserve survey published on Wednesday. The survey, which was conducted in October and November last year on behalf of the Fed board, also found that among lower-income respondents, whose...» Read More
Prenuptial agreements are common among the financial elite. Divorce settlements can be astronomical. But in some cases, prenups may make sense for the 99 percent.
With industrial economies, it's OK to have workers retire at 65, Slim says. But in developed economies, built on knowledge and experience, 60 is when workers hit their prime.
More upbeat about their prospects, Boomers are reshaping traditional notions of how the golden years should be lived.
Rodney Martin, ING U.S. chairman & CEO, explains why the nation needs to redefine retirement and shares his company's plans to re-brand its business for "retirement readiness" planning.
People still working when they are near or past traditional retirement age are earning significantly more per hour, on average, than younger workers, new data show.
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.
Two new reports show that Americans over age 65 are falling behind financially, despite having retirement income younger Americans are less likely to have in old age.
It's becoming easier to set up a trust fund online, even one on the small side. What's not easy is figuring out the potential benefits and pitfalls.
The topsy-turvy world of today's financial markets is upending what many people thought they understood about how to pay for life after work.
After accumulating money in IRAs and 401(k)s, many retirees don't know how to transition from saving to spending. Here's a must-read guide.
Baby boomers, who never lost their taste for rebellion, want to control every detail of their "stairway to heaven" including buying "pre-need funerals." NBC News reports.
Despite a proliferation of games and apps, and efforts by schools to teach the subject, financial literacy declined between 2009 and 2012, a survey shows.
People nearing retirement are facing lower bond yields and home values. Here's how you can avoid retirement portfolio panic.
Millennials are inheriting wealth at a greater rate than the two previous generations. The good news is they may be better suited to it than their parents or grandparents.
The growing number of retirees selling their pensions for cash is raising major concerns and drawing increased scrutiny for what some are calling unfair lending practices.
It sounds like a trick, but it's true: Someone who saves for retirement in their 20s and stops a decade later will have more at 62 than someone who starts saving in their 30s.
Investing in long-term care insurance is one of the few ways to protect your retirement savings. But it's not cheap.
Helping baby boomers navigate the future is becoming a big business, but now, there's a freebie: LifeReimagined.org from AARP.
After plummeting in the wake of the financial crisis, spending on nuptials resumed its rise in 2010, and is once again approaching the record set before the financial crisis.
Making periodic adjustments to your asset allocation is a wise move, and should be part of your overall retirement strategy.