Retirement
5 Intriguing (and Less Painful) Fixes for Social Security
10:10AM 1/27/2012
When it comes to Social Security's woes, the potential cures discussed the most are unpleasant: Raise the retirement age, reduce payments, or raise the tax rate. Fortunately, those aren't the only options.
With so many pundits fretting about Social Security's possible collapse in 2036, it's hard to be optimistic about the entitlement program's future. But one insurance expert thinks that giving retirees a bit more flexibility could save the entire system.
What Will You Do When Social Security's Trust Runs Dry?
6:30AM 1/18/2012
In 2036, Social Security's Trust Fund is set to run out of money, after which it's anticipated that the program's benefits will be cut by about a quarter. And if you're likely to be around when that happens, you need a plan to make up the difference.
Today's Retirement Myth: A Million Dollars Is Enough
8:00AM 1/15/2012
$1 million is a lot of money, but assuming that should be your retirement funding goal can be dangerously simplistic. So before you spend the next few decades over- or under-saving, assess whether $1 million is enough -- or too much -- to fund your plans.
The 10 Worst States to Retire In: They're Frosty and Costly
2:55PM 1/13/2012
TopRetirements.com has named the 10 worst states in which to retire, based in factors such as taxes and climate. Every retirement is unique, but before you end up living out your golden years chilly and underfunded, check out this list.
Ponzi Scheme or Not, Social Security Can't Keep Up the Pace
7:00AM 1/13/2012
Social Security's trust fund is in the long, slow process of collapsing because it won't have enough funds to pay its promised benefits. Sound like a Ponzi scheme? Perhaps, but at least this "scheme" is one in which you can come out ahead -- especially if you start preparing now.
There's a persistent assumption going around about what happens after one retires -- your spending shrinks. Sure, your house may be paid off by then, and you may be able to ditch some work-related expenses. But that's not the full picture.
Many companies have done away with pensions, replacing them with 401(k) plans and related options that put responsibility for retirement saving squarely on you. But those same corporations have also been pushing to keep you in the dark about the plans' costs.
Retirees may be past the days of resolving to work out more or buy fewer $4 coffees. Yet when it comes to money in particular, resolutions may be even more important for those living on fixed income. From financial nuts and bolts to more holistic aims, here's a look at seven worthy resolutions for retirees to commit to in 2012.
For millions of retired Americans, Social Security benefits barely beat earning the minimum wage, while rich retirees who don't need the money receive much larger checks. With the iconic safety net program in budget trouble, should the wealthy be forced to sacrifice those benefits?
Most Popular Stories
Don't Get Audited! The IRS's Dirty Dozen Red Flags
Who's Buying Your Next President? Sheldon Adelson Makes His Bid
Why the U.S. Should Get Rid of the $1 Bill
Why Your 2012 Tax Bill May Jump By $8,000
7 Startling Numbers We Now Know About FacebookDailyFinance Wire
- Why to Be Glad America Isn't Making TVs Anymore
- Your Unlimited Data Plan Isn't as Unlimited as You Think
- A 'Devil Wears Prada' Take on the Wall Street Boy's Club
- 5 Things to Watch This Week: Pop, Streams, Mickey Mouse, Wireless, and DVDs
- Readers' Tips for Financial Renewal, Part 3: Investing for the Long Term
- Savings Insecurity Is Growing: Share Your Stories
- The Tricks to Maximizing the Cash-Back Card Payoff
Newswire
- Corporate profits aren't what they seem
- Key states move closer to foreclosure-abuse...
- Looking for work? There may be an app for that
- Asia stocks fall as Greek debt talks drag on
- Stocks slip on Wall Street as Greek talks drag...
- Verizon to set up streaming service with Redbox
- Wal-Mart debuts 'Great for You' seal
- Tax reform in this election year: It's not...
- The Romney kids' $100 million trust fund
- Finally, a foreclosure settlement (Maybe)
- States seek currencies made of silver and gold
- Home repairs: Which jobs come first?
- Beat stress for less
- Mortgage rates hit another new low
- Obama's latest retirement rescue plan:...
- Will $4 million in retirement savings be...
- Analyst Call: Buy IBM, $230 Target… New Street-High (IBM, BRK.A)
- Most Of MF Global Cash Found
- Citi Dividend Returning Sooner Than Expected (C, JPM, WFC)
- Yum! Earnings Help To Challenge All-Time High (YUM)
- 24/7 Wall St. Closing Bell (FDX, WY, CMA, GLW, RDS-A, IDTI, MCK, PCL, CYOU, HUM, LAZ, L, SYY, SURW, CHUX, SOHU, GBG, DNDN)
- Top Earnings Previews For Tuesday (NLY, BP, BWLD, CERN, CHD, KO, EMR, HIG, JIVE, NTGR, OPEN, PNRA, SNCR, TM, DIS)
- Mid-day Movers (SURW, CHUX, BLRX, SOHU, CYOU)
- Lower Coal Demand, Odd Investor Outlook (ANR, PCX, BTU, CNX, ACI, KOL)
Follow Us
