Donald Marron, Lightyear Capital chairman and CEO, discusses why investors are flocking to money managers for advice on how they can grow their retirement funds.» Read More
Paying for your child's education is a laudable goal, but may not be realistic for some parents who could wind up jeopardizing their own financial future in order to put their children through college.
Charles Schwab's model in the new low-fee 401(k) environment is to move to index fees, and hope customers will pay to take their advice.
Employees at some of the largest U.S. corporations have as much as 70 percent of their retirement savings invested in company stock, Morningstar's David Blanchett told "Power Lunch."
Singapore may boast of the highest percentage of millionaires in the world, but retiring here is becoming even more difficult for the common man.
Low- and middle-income households of Americans over 50 have an average balance of $8,278, more typical of young parents or college students.
The Federal Reserve says the money market fund industry needs more regulations to keep it from a collapse and a repeat of another run on assets. Money market management firms like Fidelity, are fighting back saying enough is being done to keep investors safe.
Employee 401(k) accounts are jumping to record levels thanks to the surging stock market and increased contributions from workers and their employers.
For the nearly half of Americans expecting a refund on their taxes this year, four ideas for maximizing the money that's coming back.
As traditional pensions disappear, some retirement experts say it's time to reform the 401(k) so it can take over as our primary retirement vehicle.
An attempt by the IRS to get new regulations to stop fraud among tax preparers has hit a roadblock. The issue raises the age-old question of credibility for those who prepare our taxes.
USA Today asked financial advisers: What are the five things people, especially Baby Boomers, can do right now to prepare for retirement? Here's a compilation of their recommendations.
What would it cost for you to feel comfortable walking away from a steady income to live off your bank account and investments? The answer begins with what you spend each year.
While prudent borrowers are using extra cash to pay down debt, many are either forgoing the savings to shorten the term of the loan, or spending it.
Go greased lightning? Not exactly, and Florida retirement community residents aren't too happy about paying up to $1,000 to insure their souped-up golf carts.
As companies switch to 401(k)s over traditional pension plans, policymakers are searching for ways to make employee-contribution plans adequate for retirement.
Almost two-thirds of Americans in a new survey said they are doing all they can for retirement, and fewer than a third said they are worried they aren't saving enough.
New research shows that many Fidelity target date funds have routinely turned in worse returns in recent years than their biggest peers.
The Dow's rally to 14,000 and beyond has retirees running in both directions — some are running for more profits and others are running for the exits.
Americans working into their late 60s is part of a long-term trend that is expected to continue, despite the tight job market.
Hidden in our convoluted tax code are rewards for saving for retirement, looking for a new job, going to college -- even getting a new pair of glasses.