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The question of retirement age is crucial for millions of Americans planning their retirement. Contrary to the expectation of ...
Lawmakers don't want to see those cuts happen, so they've been talking through different solutions to prevent them. And one ...
You'll need savings of $225,000 by age 40, $450,000 by age 50 and $600,000 by age 60, based on Fidelity's calculations. However, each situation is different when it comes to retirement savings.
Retirement funds are looking bleak. In fact, about half of US families have zero retirement account savings. Nearly 70% of adults have less than $1,000 in savings.
Fidelity recommends putting aside three times your annual income by age 40. Here's how to get the most out of your savings to ...
Investors in target-date funds with a retirement day of 2010 found out how different the results could be during the stock market's recent collapse.
By 40, a retirement account should hold three times a person’s salary. The numbers keep growing, all the way to age 67, by which retirement savings should add up to 10 times a person’s pay.
What is the age 59.5 rule? At age 59.5, people are eligible to withdraw from tax-advantaged retirement savings accounts such as IRAs and 401(k)s without a 10% penalty tax from the IRS.. Need a break?
If you're counting on Social Security to fund your retirement, you might want to think again. In a recent interview with Politico, Sen. Marco Rubio.
That view of retirement may reflect the reality of retirement today, with Social Security's trust fund slated to be depleted in 2033, at which point retirees would get only 77 cents for every $1 ...
For instance, you’ll need to find your own health insurance since Medicare doesn’t start until age 65, and tax-advantaged retirement funds can’t be tapped without penalty before age 59 1/2.