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
A pension liability is the difference between the total amount due and the actual amount of money the company has on hand to make those payments.
Some retirees with mortgages are considering downsizing to reduce expenses. One survey says more than 40 percent of Americans ages 50 to 64 plan to move within five years.
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.
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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.