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.”
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
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.
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.
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.
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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