| Jun 5, 2013
Fear-mongers and other critics of Social Security were silenced — momentarily — by the release last week of the annual trustees' report for the programs. The report showed not only that it's looking pretty good in the near term, but in the...
| May 31, 2013
| 9:13 PM
Dear Liz: My spouse has tenure at a university. Given that one of us will always be employed, should we change the way we look at the amount of money we keep in an emergency fund or our risk tolerance for investments?
Answer: Even tenured professors can...
| May 23, 2013
| 9:45 AM
Three in four American workers say they intend to work past retirement age. Slightly more of them say it’s because they want to do so, not because they have to, according to a new poll from Gallup.
Among employed Americans, 40% said they will...
| Jun 22, 2013
| 8:00 AM
The trouble started with the inheritance.
Eight years ago, the economy was booming and Jane Osick was on solid ground. She had manageable student loans, a stable job and excellent credit.
Then, in less than two years, she racked up $120,000 in...
| May 17, 2013
| 12:46 PM
The retirement crisis is deepening, with recent generations of Americans less financially prepared for their golden years than their parents or grandparents, according to a new study.
The study by the Pew Charitable Trusts suggests that people who...
| May 24, 2013
| 7:57 PM
WASHINGTON — Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the...
| May 17, 2013
| 7:25 PM
Dear Liz: A few years ago I finished paying off my debt and now am in the very low-risk credit category. I have savings equal to about three months' worth of bills and am working to get that to six months' worth. I'm wondering, though, about an...
| May 10, 2013
| 9:24 PM
Dear Liz: When I was 62, I started Social Security and I'm currently saving half of my monthly benefit after taxes (about $750). My decision to take my benefits early was influenced by a financial columnist who suggested that if I started at 62 and...
| May 11, 2013
| 8:21 PM
JOINT BASE LEWIS-McCHORD, WASH. — The court-martial of Army Sgt. John Russell concluded Saturday with a military judge asked to decide whether the 14-year Army veteran was deluded by depression and despair as he shot five fellow service members in...
| Apr 29, 2013
| 1:49 PM
Underfunded state pensions are a vexing problem that even the brightest minds at the Milken Institute Global Conference can’t solve.
State governments nationwide have fallen behind in saving for employee retirements. The average public pension...
| May 2, 2013
| 5:00 AM
The retirement plans of more and more Americans are about as connected to reality as Grimm’s Fairy Tales. Grim is exactly what it is going to be for these folks when, in their 70s, their 401(k)s have petered out, they have no pensions and no...