SavingForRetirement

A 5-Step Plan to Fill That Scary Retirement Income Gap

The average Gen Xer is on track to face $1,700 a month income gap in retirement. The average baby boomers will fall a whopping $2,100 a month short. Those may sound like insurmountable numbers, but don't throw in the towel yet.

Retired Couples May Need $240,000 for Health Care

Couples retiring this year can expect their medical bills throughout retirement to cost 4 percent more than those who retired a year ago, according to an annual projection released Wednesday by Fidelity Investments.

Point: Prepare for a Scary Income Gap in Retirement

Generations of Americans are facing threadbare finances in retirement: Judging by what people say they expect to spend versus what they expect to take in, the disparity between income and expenses will be severe.

Want to Retire Early? You Don't Need Riches

One in five Americans plans to retire before age 65, according to a new study, and they're not just the ultra-wealthy. There's hope for everyone to bail out of the daily grind before age 65, if they adopt the behaviors and attitudes of these savers.

Millions of Us Are Throwing Away Free Money

In these tough times, why would anyone pass up money for nothing? Inquiring minds at FINRA want to know -- because many of us are. According to research by Aon Hewitt, nearly 30% of 401(k) participants are not contributing enough to scoop up their full employer match.

Helping a Caregiver Climb Out of Debt

Joe did right by his mother in her declining years, but half a decade of expensive care for her has left the 53-year-old in a financially precarious position. Money and Happiness columnist Laura Rowley offers him a step-by-step plan to get out of debt and back on track for his own retirement.

Ask the Experts: How to Win at the Retirement Game

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Retiring Solo: Singles Aren't Saving Enough

Most married people look forward to enjoying their golden years together -- at least in theory. But sometimes, reality is more bleak. For a host of reasons, millions of us may enter retirement on our own, and a large fraction of divorced, never-married, and widowed Americans aren't doing enough to prepare for it.

The More You Save, the Less You Need -- Forever

The basic logic of saving for retirement is pretty straightforward: The more you sock away, the more you'll wind up with (all else being equal). But there are two other benefits to aggressive saving that many people overlook.

Don't Let Bad Planning Ruin a Lifetime of Saving

Even if you've saved enough to live comfortably, the golden years don't buy you a reprieve from money worries. In fact, being retired can make you even more vulnerable to fiscal strife, if you're not prepared. Consider Tom Binns, who retired after a lifetime of savings, only to find that financial responsibilities didn't end with his 9-to-5.

My 3 Cents: Be Grateful for 401(k) Auto-Enrollment

Setting anything to automatic has its good and bad points. A 2006 law designed to increase retirement savings allows companies to auto-enroll employees in 401(k) plans: A closer look reveals some interesting pros and cons.

Retirement Savings Basics: The 411 on 401(k)s

Saving for retirement is one of those things that can be hard to take seriously when you're young. But it's worth starting early, and DailyFinance wants to help. In this first installment of a three-part series, reporter Loren Berlin reviews how to get the most out of a 401(k).