| Nov 13, 2013
| 12:16 PM
Fewer Americans are blowing their 401(k) savings on cars, clothes and other frivolities when they change jobs.
Only 7.5% of U.S. workers last year cashed out their retirement money to spend on purchases when they left a job, according to data released...
| Nov 14, 2013
| 8:56 AM
The surging stock market has helped push 401(k) balances to record highs, according to one report -- positive news for baby boomers and others nearing retirement.
Fidelity Investments, the nation's largest 401(k) provider, said the average balance of...
| Dec 1, 2013
Many of the nation's top CEOs have joined forces to "fix the debt." They want to achieve this goal, in part, by reducing Social Security benefits and raising the retirement age to 70.
One of the chief executive officers, David Cote, runs Honeywell....
| Nov 21, 2013
| 7:41 AM
We've been making the case for years that the proper approach to Social Security is to expand it -- increase benefits and bring more people into its embrace, including college-age survivors of deceased workers. Sen. Elizabeth Warren (D-Mass.) has now made...
| Dec 4, 2013
Re "CEOs want you — to fix the debt," Opinion, Dec. 1
Consider my modest proposal on the matter of the CEOs at the Business Roundtable advocating the reduction of Social Security benefits and raising the retirement age to the highest in the...
| Oct 6, 2013
| 5:00 AM
Dear Liz: I am almost finished with my associate degree at my local community college and will be starting my undergraduate degree in January. I have been lucky enough to accrue no college debt so far but know I will when I start my bachelor's degree. I...
| Oct 13, 2013
| 5:00 AM
Dear Liz: Recently my mother passed away. My brother and I were fortunate enough to inherit a substantial amount of money from her life insurance. My brother and I do not want to spend this money and have placed the funds in brokerage accounts. My...
| Oct 15, 2013
| 1:56 PM
A group of Democratic and Republican mayors are hoping to qualify a measure for the November 2014 ballot that could dramatically reduce retirement benefits for current and future public employees.
The measure, filed with the state attorney general&...
| Oct 23, 2013
| 10:51 AM
The average millennial graduating from college today will not retire until age 73 because heavy student-loan debt will prevent them from saving enough money for an earlier retirement, according to a new study.
The typical graduate has a “seemingly...
| Oct 27, 2013
| 5:00 AM
Dear Liz: I'm in my late 60s and plan to retire in about two years. I have a pension that will pay close to my current take-home income. I also have about $500,000 in annuities and IRAs. These plus Social Security make retirement look good. But right...
| Dec 8, 2013
| 5:00 AM
Dear Liz: I will be inheriting around $300,000 over the next year. My instincts are to pay down debt with this money. I have two homes and for practical reasons need to keep them. One home has a $260,000 mortgage balance at 5%. The other has a $130,000...