Target-date funds - among the most common investment selections offered by employers to employees in 401(k) plans - used to be the darlings of the retirement investment world. They were popular with novice investors because they take the guesswork out of investing. Since the funds hold a mix of…
Retiring in Australia appears to be much more pleasurable than in the United States -- and it has nothing to do with gathering around the barbie and watching marsupials romp.
The deep recession ended four years ago, but the financial fallout remains for many older Americans. Some are so strapped that if an unexpected expense like a major car or house repair arose in the next month, more than 1 in 4 adults age 55 or older couldn't muster $2,000 to pay for it.
Health care costs for retirees are going down. But don't get too excited. A 65-year-old couple retiring this year will still need a whopping $220,000 to pay for health care for the rest of their lives.
You may be throwing money into your employer-sponsored retirement plan - let's hope you are - but do you know how much estimated monthly income your plan will provide over your lifetime?
Paying off the mortgage before you head into the land of fixed-income living, otherwise known as retirement, is becoming an unattainable goal for a growing number of people.