Home costs are the biggest expense for people 50 and older, accounting for 40% to 45% of their household budgets, according to a report.» Read More
With the possibility of spending two decades or more in retirement, some baby boomers are buying longevity insurance so they don't outlive their money.
Being their own boss is easing the transition to retirement for some boomers. Ten percent of workers 45 to 74 plan to start a business, according to a recent survey by AARP.
A retirement formula devised in the 1990s doesn't seem to hold up in an environment of low-yielding bond, volatile stock markets and inconsistent returns.
Innovation, flexible hours and employee engagement are among the factors used by this year's winners of the Sloan Awards for Excellence in Workplace Effectiveness and Flexibility.
The biggest mistakes that rookie investors make tend to be psychological ones—and simply knowing these pitfalls and keeping perspective can result in significantly better returns.
A new study shows that many people making $750,000 or more don't retire until well into their 70s, CNBC's Robert Frank said.
College students have a better chance of getting aid if they come from affluent backgrounds than if they are lower on the income scale, some new studies show.
Scholarships and grants have trumped parental contributions as the No. 1 source of paying for college for the first time in four years, according to a new report.
Almost two thirds of Americans plan to work during vacation this year, up from 52 percent a year ago, according to a new survey. Here's why.
If you're a gadget lover who always wants the latest smartphone, then you should consider a "no-contract" wireless plan.
McDonald's workers have received a guide to personal finances that leaves some categories uncovered, such as food and heat. But $20 for monthly health care is included.
The latest jobs report showed that 8.2 million Americans are working part time for economic reasons. An additional 19 million are working part time for other reasons.
Postnuptial agreements—similar to prenups, but for married couples—are on the rise, with growing acceptance and DOMA changing the marriage landscape.
Many companies now offer paid time off instead of a set number of vacation and sick days. It's easier for employers and workers, but can make it hard to hold on to unused time off.
Julia Bonafede, Wilshire Consulting president, weighs in on the staggering percentage of corporate pension plans which are underfunded.
A new report portrays Generation X as the most direly affected by the retirement savings crisis, and suggests their spending habits are to blame.
The amount of money donated to charity has been inching up in recent years, but a report finds that Americans still aren't giving as much as they were before the recession began.
"Tax-free retirement" has a nice ring to it, but creating a completely tax-free income stream is difficult—and maybe self-defeating.
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.