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Many of the 3,300 older Americans BI heard from recently regret not preparing enough for retirement. Financial planners described how younger people could set themselves up now to retire comfortably.
The maximum allowable contribution to an Individual Retirement Arrangement, or IRA, jumped to $7,500 a year from $7,000 for older Americans. SpeedKingz/shutterstock Falling Victim to Financial Scams
Retirement planning isn’t an exact science and it’s possible you’ll make some mistakes along the way. Some of the most common mistakes are just not doing the basics — like saving early and ...
How about your 401(k), IRA and other retirement accounts that make up your nest egg? Do you have a good handle on when to claim Social Security benefits? These are some of the questions to ...
The analysis from the Center for Retirement Research at Boston College suggests that new retirees couple deplete their 401(k) savings by the time they research 85 years old — increasing the ...
Transitioning to retirement requires a thorough review of your savings vehicles, including IRAs, taxable investment accounts, savings accounts, pensions, and 401(k) plans.
Harvard received 35,000 applications for its 2011 entering class and accepted a mere 6.4 percent of hopefuls. Columbia University received 32 percent more applications this year and showed 15 of ...
Most financial experts recommend saving 15 to 20 percent of your salary for retirement, so contributing only enough to get the match may cause you to fall short of your long-term savings goals. 2.