Remember when we heard all those stories about bank customers whose accounts were overdrawn by as little as $5, yet they were charged up to $35 in fees for each transaction made when accounts were empty?
Dump your bank was a popular mantra last year and apparently the trend continues. Fed-up customers angry over increasing fees and less-than-stellar service dissed their banks in droves and headed straight to their neighborhood credit unions to do business.
It's never too early to teach your grandchildren how to spend and save. Now you can get 20 money lessons for children of all ages from a new federal website called Money as You Grow.
Who wants to think about death, particularly your own? Drafting a will is an unpleasant task, so startling numbers of Americans say they never get around to it.
In a remarkable confession published Saturday in the New York Times, columnist Joe Nocera wrote in painful detail about how, as he's about to celebrate his 60th birthday, he is financially unprepared to retire now or any time soon. The reason: Because he's got so little money saved in his 401(k)…
Record numbers of Boomers and older adults took Social Security retirement benefits at the height of the Great Recession, in large part to supplement their faltering income as joblessness rose. But a new report out this month finds that the financial situation of older workers may have turned…
Workers will be able to learn how much the fees for their 401(k) plans are draining from their accounts when new disclosure rules go into effect this summer.
If you're worried about outliving your retirement savings, consider this: Don't withdraw more than 6 percent annually from your employer-sponsored 401(k) or 403(b) plan. Take more than that and you could be tempting fate. That's the harsh conclusion from the Institutional Retirement Income Council,…