retirement planning

Retirement Planning Gets Tough for Some Workers

Posted on 12/10/2012 by Carole Fleck | Money and Work | Comments

Bulletin Today | WorkAs if retirement planning wasn’t challenging enough, employees of at least two big companies are facing difficult news this holiday season. Workers at Hostess are wondering how they’ll make do without the full pensions they’d counted on in retirement since the company underfunded its employees’ pension plan by at least $55 million. (Some reports put that amount as high as $2 billion.) The makers of Twinkies used that money to keep the business operating. But after a labor dispute, Hostess announced …

In Sync on Finances: Not Parents and Adult Kids

Posted on 11/14/2012 by Carole Fleck | Money and Work | Comments

Bulletin Today | Home & Family | Money & SavingsNo one wants to be a burden on their kids in retirement. But how parents and their adult children view some of the more pressing issues that aging brings — such as caring for sick elders or helping them financially during their retirement years — seems to be in conflict. Fidelity Investments asked 975 parents age 55 and older, and their adult children age 30 and up, whether the two generations talked in-depth about issues related to health and money …

I’m Taking Away Your Allowance

Posted on 10/29/2012 by Dr. Pepper Schwartz | Sex & Relationships | Comments

Home & Family | Money & Savings | RelationshipsQ: My husband will not quit spending. He has purchased several vehicles, only to trade them in for less than we owed on them. During our 18-year marriage, we have refinanced our house six times to pay off loans and credit cards. When we refinanced this last time, I refused to pay any of his credit cards or loans off. I would not have even considered refinancing again, but the low rates were appealing. That was 21/2 years ago. I …

Check the Math: Social Security Is a Good Deal

Posted on 10/26/2012 by Jonathan Peterson | Social Security | Comments

Money & Savings | WorkIt’s a question lots of people have about Social Security: Do you get back as much as you put in? But this question only gets at part of the story: Social Security is a kind of insurance, not just an investment. It protects you and your family from things nobody wants to think about — death and disability. In other words, it contributes to well being and peace of mind in ways that may be impossible to measure. A few …