Investing legend and Vanguard founder John Bogle spoke with Morningstar’s Christine Benz about the current stock market’s valuation, the impact of speculation and Exchange-Traded Funds. You can hear the entire interview here. [...more]
I joined CBS Moneywatch’s Jill Schlesinger and Jack Otter for their weekly Ask the Experts webcast; if you missed the live webcast, the archived 45-minute webcast version is available at the CBS Moneywatch website. We had a great discussion and answered listener questions regarding the 2012 Social Security cost-of-living increase, trends affecting older workers, the [...] [...more]
Stock market crashes have become fairly regular events since the economy collapsed in 2008 and 2009. Each time the market plunges, you can count on seeing a flurry of news reports looking at just how badly workplace 401(k) retirement portfolios have been hit. Rarely will you see a story asking why the market risk is [...] [...more]
Fidelity Investments says the cost of healthcare in retirement is falling for the first time since the company began tracking health spending ten years ago — and the new healthcare reform law is getting the credit. Fidelity estimates that a 65-year-old couple retiring this year will need $230,000 to pay for medical expenses throughout retirement, [...] [...more]
The word retirement needs reinvention, especially in our post-crash economy. For the huge generation of baby boomers now approaching the traditional retirement years, achieving security will depend on working longer—often in new careers. We’ll also need to reexamine our traditional notions about investing and spending. For anyone approaching this profound life transition, the first challenge [...] [...more]
