Follow the classic 4% rule, and a $1 million nest egg will mean $40,000 in annual income in retirement. Let's face it: That's not going to cut it.
Don't base your retirement savings goals on what you earn. Base them on what you spend. Set aside enough to annually generate 85% to 100% of your current expenses.
Revisit your hobbies, interests and memories. Dream up new things you want to see, do and experience. Stay active and engaged with a purpose and direction.
Reverse mortgages, while potentially solving a host of problems for retirees who are house-rich but cash-poor, also come with some pretty significant risks.
If you're hoping to minimize your tax bill next April 15, you are rapidly running out of time to invest in the most popular qualified retirement accounts.
A recent study of 45- to 65-year-olds revealed many concerns about retirement, but taking some simple steps now will help you feel more confident about your prospects later.
Retirees can to switch Medicare Part D prescription drug plans until Dec. 7, and they should: Most who stick with their current plan can expect to pay more they did in 2013.
In your 50s and beyond, health care costs loom more ominously than ever before, but there are steps you can take to help minimize the impact on your finances.
It won't be long before the baby boomers begin needing old-age care. But if the trends continue, there may not be enough caregivers to go around.
A lot of misinformation has grown up around retirement, a much-anticipated but sometimes dreaded stage of life. Here's the lowdown.
Saving for retirement is serious. Barring pensions and Social Security, all you'll have to last for the rest of your life is what you save. Don't panic: Here's how to begin.
Now that the real estate freeze is thawing, seniors considering selling their home and moving to a retirement community should know that they may qualify for hefty tax breaks.
We all want to help our parents meet the goal of aging in place independently and happily. Here are five things you can do to improve the odds of that in the years ahead.
It looks like Hong Kong is a no-go for U.S. government whistleblower Edward Snowden. Here are a few other places that might be a bit more attractive for a man on the run.
Even though the stock market has recovered from the 2008 crash, many Americans still report big losses in their retirement savings, and these 'derailers' are to blame.
For millions of Americans, Medicare is a major key to a secure retirement, but over the years, it's gotten increasingly complex. Here's the simple version of how it all works.
New research has confirmed something you probably already would have guessed: Retirement planning isn't something you can successfully leave to guesswork.