One in four Americans is borrowing against a 401(k) to pay for non-retirement needs such as mortgages, credit card debt or college tuition, according to a new study.
Laurie Nordquist, head of the retirement 401K Business at Wells Fargo, offers insight on a new survey indicating that 70 percent of middle class Americans say they are not confident in the stock market as a place for retirement.
Only 30 percent of Americans who have access to 401(k) plans actually have advantage of them, with Chad Parks, The Online 401(k) president, and Rebecca Davis, Pension Rights Center.
The gap in the amount women and men save for retirement in the U.K. has reached a record high, according to the latest Women and Pensions report from investment firm Scottish Widows.
Federal and state regulators are documenting new instances of abuse in reverse mortgages as smaller mortgage brokers, including former subprime lenders, flood the market.
New studies show young adults are saving more, and Douglas McIntyre, 24/7 Wall Street; Manisha Thakor, MoneyZen Wealth Management; and Terry Duffy, CME Group Executive Chairman, discuss whether this could help or hurt our consumer-driven economy.
One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. Chicago is one of many cities in such a bind.
There’s yet another wrinkle in the new age of retirement and job insecurity — keeping track of all those company retirement savings plans you’ve racked up, along with that IRA you opened years ago, and creating a coherent investment strategy with them.
Sure, income is important, but without the right discipline it is easy to eat up cash, regardless of your rate of return. Here's how to keep a lid on spending.
Senior citizens are probably more willing to accept a little advice than seniors in high school. Helping aging parents be as prepared as possible for the next stages of their lives can go a long way toward creating harmony for the whole family.
The proportion of people who say they are saving less than last year to retirement savings is down, but the retirement income deficit for the coming generation of retirees is estimated to be $4.3 trillion.