Don't Worry About Today's Retirees - but Gen X Is In Trouble
It turns out that Americans in their sixties today have it better than any generation before them, but the generations behind them face a much less prosperous retirement.
retirement savings
Savvy Ways to Manage Your IRA Savings
Many investors are missing out on the long-term savings benefits of IRAs -- because they don't understand what they are and how they work.
How a Roth IRA Could Save You $185,180 in Taxes
Adding a Roth IRA to your arsenal of retirement investing tools could save you a ton in taxes in the long run.
Next Avenue Money Scorecard: How Do You Rate?
Curious to see how your finances stack up compared to other Americans in their 40s, 50s and 60s? Next Avenue gathered the stats so you can find out how you're doing.
Wealthy Workers Are Seriously Underestimating Their Retirement Needs
More than 80 percent of workers earning $115,000 say they are prepared for retirement -- but they think they'll only need $66,000 per year to live on.
Do We Need to Be Forced Into Saving for Retirement?
With battles raging over Social Security and millions of Americans facing underfunded retirement, are mandatory savings accounts the solution to America's retirement woes?
One Third of Parents Are Raiding Their Retirement to Pay for College
A new study shows that one third of parents plan to raid their retirement accounts in order to help pay for their children's educations.
Stop Treating Your Retirement Account Like a Piggy Bank
We all know how important it is to set money aside for retirement. Unfortunately, when it comes to building a nest egg for their golden years, millions of Americans are moving in the wrong direction by taking money out of retirement accounts early.
Retirees: Don't Miss Deadline for Required IRA, 401(k) Distributions
Smart retirees have done everything they could lately to stretch their retirement accounts, but taking too little out of them will get you into big trouble with the IRS. Fail to withdraw your full required minimum distribution, and the penalty you pay to the tax man will be severe.
Even the Rich Can't Retire When They Planned to Anymore
The long recession and slow recovery have forced millions of average Americans to give up their dreams of retiring at 65. But you might be surprised to learn than even among those who have quite a bit of money stashed away for retirement, the majority are planning to work longer, too.
Retirement Savings by Age: How Do You Compare?
How much do people have saved for retirement in their 30s? In their 40s? In their 50s? LearnVest conducted a nationwide survey to find out. Wondering how your portfolio balance stacks up? Take a look at the breakdown and find out.
The Cities Where Americans Are Least Prepared for Retirement
According to a recent retirement survey, a still-recovering economy has not only hindered Americans' ability to plan for the future -- it has put a big dent in their confidence in retiring at all.
Good Genes Are Priceless, but They Can Make You Millions, Too
Antisa Khvichava of the Republic of Georgia died earlier this month at a reported age of 132. And if none of us are going to live quite that long, her example is still a good reminder that our ever increasing life span has some critical implications for our long-term financial planning.
Are Swing States Doing Better at Retirement Savings Than the Rest?
When it comes to the economy, we tend to focus on our personal financial health -- things like how well our retirement savings are doing. Investment advisory firm FutureAdvisor's state-by-state breakdown sheds some interesting light on where people are getting ahead, and where they're falling behind.
Fix This Roth IRA Mistake Before the IRS Nails You
Using Roth IRAs to save for retirement is one of the smartest moves you can make. What's not smart, however, is breaking the IRS rules governing IRAs. Fortunately, if you accidentally break the rules you can go back and fix things -- as long as you don't wait too long.