Originally posted on CNN

 

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Once in a while at work I hear one of my coworkers talking about their retirement portfolios, usually about how badly it’s been hit the past couple of years. One particular time I was cleaning out my lunch dishes and was overhearing a friend and another coworker talking.  Her portfolio had taken a hit (like many others) because of the stock... 

If you follow financial news, you see the statistics all the time. The average 401(k) balance is $10,000. Or less, depending on the report. Seventy percent of Boomers haven’t saved nearly enough for retirement. Only fifteen percent of people eligible to participate in an employers’ retirement plan do so. Even less participate to the full... 

Question: I’m one of those Americans who are just not financially prepared for retirement. I’m 60, but have very little saved because my money went into my own businesses, all of which eventually failed. I’m now working for a company and participate in its 401(k). But short of winning the lottery, I don’t know what to do to... 

Question: What is the difference between a total world index fund and a total international index fund? How you see such funds as part of a retirement portfolio? –Dave, Apple Valley, Minnesota  Read More →

Most long term investment and savings goals boil down to achieving a comfortable retirement or reaching financial freedom. Many of us have shorter term financial objectives such as buying a new car or house, maybe saving up for a vacation or investing for our children’s 529 college savings plans . But why not admit it — our minds often... 

Question: I’m 36 and have saved only about $20,000 for retirement. How much per year should I try to save for the next 30 years to assure I’ll have a reasonable retirement? –Beth, Grove City, Ohio  Read More →

Some days I think that I get so bogged down in dealing with our day-to-day finances that retirement seems too far away to even think about. I know that my husband and I won’t be old enough to retire for almost thirty years. Who has time to think about retirement planning when it’s so far away? Whether it’s far away or not, retirement planning... 

When did you start saving for retirement ? Think you’ve missed the boat because you didn’t get a chance to invest early ? Reality Check For Those Nearing or Approaching Retirement Age Awesome image by Mark Stivers For many of us who are 65 years or older, we live by our social security checks. In fact, this is literally the situation... 

The following is a guest post by Jacques C. Sprenger. Please see the end of the article for his bio. “Why should I think of retirement if am only 29?” “Time enough to prepare when I hit 50.” “How can I prepare for retirement if I don’t know how things will be 40 years from now?” “Don’t worry, Social Security will take care of... 

By Steve Klingaman The secret to saving enough for retirement is simple. Start early and increase the amount you save over time. For many people the hardest step on the journey is that first one. Think of saving for retirement as climbing a staircase. Step One is to save enough money each year to receive the full employer match available to you... 

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