Opinion | Australia’s Not-So-Super Retirement System
Social Security reformers see a lot to like, but there are some aspects they shouldn’t seek to copy. Source link
retirement
How 401(k) fees can cost tens of thousands in retirement savings
More than half of U.S. workers rely on 401(k) plans to save for retirement, but many may not be aware of fees that can fly under the radar and end up costing them tens of thousands — or more — in retirement income. While these fees may appear small at first glance, they can add … Read more
A retirement sendoff for a guardian angel
In 1965, Marco Houpe was just 15 months old when he was injured in a fire, with third-degree burns over 85% of his body. Wynola Wayne, then a young trainee nurse at her Columbus, Ohio hospital’s burn unit, helped save his life. Recently, when Wayne retired after nearly six decades as a nurse, it was … Read more
College funds, retirement planning, and more: Jill Schlesinger answers your financial questions
CBS News business analyst Jill Schlesinger is here to help out with your financial dilemmas, from smart investing options to building college funds. Source link
How much debt is too much when you’re in retirement?
Carrying some debt in retirement isn’t always a bad thing, but too much can be detrimental to your finances. PHIL LEO/Getty Images Retirement is often viewed as the finish line after decades of comprehensive financial planning, but that milestone doesn’t always mark the end of your borrowing needs. Mortgage balances, credit card debt, auto loans … Read more
Should you stop contributing to retirement while paying off debt?
While tackling expensive debt is a smart financial decision, abandoning your retirement has consequences. ariya j/Getty Images Managing debt and preparing for retirement are two of the biggest financial challenges most people face, but tackling both at the same time isn’t always realistic. With credit card interest rates still elevated, household debt at record highs … Read more
Serena Williams returns to Wimbledon after 2022 retirement
Serena Williams is returning to the singles court Tuesday, following her move away from tennis in 2022. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. The 23-time major champion made her official comeback to the tour earlier this month, joining Canadian Victoria Mboko at the HSBC Championships … Read more
The High-Stakes Effort to Repair the American Retirement System
Things look bleak for would-be retirees, especially the youngest workers. But policymakers are starting to pay attention. Source link
Nurse of 58 years who went above and beyond for patients gets special retirement send-off: “You’re an angel”
COLUMBUS, Ohio — When Wynola Wayne walked out of work for the last time after 58 years as a nurse, you could tell this was no ordinary retirement send-off. This was the canonization of a saint who went above and beyond for her patients. Back in 1965, Marco Houpe, who was just 15 months old … Read more
Can bankruptcy protect your retirement accounts from creditors?
Bankruptcy can protect many retirement accounts from creditors, but there are exceptions to this rule. Francesco Carta/Getty Images Debt has become an increasingly difficult issue to ignore recently, and that’s particularly true for millions of older Americans who are entering or will soon be starting retirement. In addition to high (and rising) inflation, credit card … Read more