retirement income

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En español | On the morning of Aug. 14, 1935, Americans awoke in a country vastly different from the one we know today. The Great Depression had brought us to the point where, in the words of President Franklin D. Roosevelt, “one-third of the nation [was] ill-housed, ill-clad [and] ill-nourished.”
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En español | As Social Security celebrates its 80th birthday, the program remains as popular as ever among all age groups, although some people are skeptical and confused about its long-term financial outlook.
A soon-to-be- proposed regulation from the Department of Labor could help people understand how much monthly income they can count on their savings to provide in retirement
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Would you be willing to give up a portion of your salary if it meant having guaranteed income in retirement? A vast majority of you said yes.
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Retirement may be a stone's throw away for older boomers but a survey finds that many are in the dark about how much it'll take to fund their golden years.
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In 2011, the number of Americans taking early Social Security benefits dropped to a 35-year low, according to a new report from the Urban Institute. For the second consecutive year, those taking benefits fell (to 27% of the number of eligible older adults). That's down from 31% in 2009, reestablishing a 12-year downward trend interrupted only by the recent recession.
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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, a nonprofit think tank that looked at several strategies for new retirees.
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Determining whether retirement savings withdraws are taxable, partially taxable or tax-free can be difficult. A lot of retirees get it wrong"”and the federal government is doubling down on efforts to correct them.
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