Retirement planning

Retirement expert says far too many of the tens of millions of Baby Boomers reaching retirement age in the next decade are financial unprepared for their golden years. And it's hurting everyone.

The marketing campaign, “Two for Tomorrow,” is based on the 2% reduction in Social Security payroll taxes.

Bank of America has reorganized its personal retirement solutions business into five areas, according to an internal memo released late Jan. 20.

Retirement at 65 is no longer the norm. But can Americans really afford to work longer?

Looking at the most probable future reduces uncertainties to a more manageable level while not concealing risks.

The majority of baby boomers intend to have a more active lifestyle in retirement than their parents, as well as a better standard of living.

AARP and Charles Schwab are partnering to offer AARP members financial guidance through Schwab.

While middle America struggles to save for retirement, one would expect wealthy people to be in far a better position to save.

Many mass-affluent investors, those with $50,000 to $250,000 in investable assets, have thrown in the towel when it comes to long-term financial goals and are, therefore, more focused on short-term needs than they are on retirement.

According to an internal memo released late Thursday, the company is restructuring the unit into five areas.

A greater number of U.S. households are at risk of falling short of money in retirement because of the housing and financial crisis, according to a report.On Thursday, the Employee Benefit Research Institute released a new report that found that between 4%-14% more U.S. households are at risk of not having enough income to cover basic expenses in retirement. Those at-risk households are primarily those who had smaller 401(k) plans and/or individual retirement accounts or had significant exposure to fluctuations in the housing market.

A greater number of U.S. households are at risk of falling short of money in retirement because of the housing and financial crisis, according to a report by EBRI.

Roth IRA conversions surged last year, particularly in the fourth quarter as investors looked to take advantage of regulatory changes.Bank of America reported that it executed more than 56,000 conversions for its clients last year, nearly 45,000 more than the total number of conversions in 2009.

The first wave of affluent Baby Boomers, those between the ages of 55 and 64 with investable assets of at least $100,000, have 12% less saved than they did four years ago, a survey of 4,000 people by Cogent Research found.

Leading too fast with solutions can lose you a female prospect, warns Empyrion Wealth Management’s Kimberly Foss.

Men and women have distinct approaches to financial management, according to a new survey from Charles Schwab.

Financial Research Corp. has hired Matthew J. Schott as vice president, retirement income practice leader.

The financial crisis has brought personal finance front and center in the mind of many Americans, with 70% saying taking control of their finances is a top priority and nearly as many believing they can accomplish this.

The economic crisis has brought personal finance front and center, for Americans as well as others throughout the world, the ING Retirement Institute Research Institute found.

Fidelity announced Monday that the lifetime income variable annuity that it offers through MetLife, the MetLife Growth and Guaranteed Income annuity, has attracted more than $1 billion in sales since it was first offered a year ago.