Tag Archive | "saving"

Five ways to change your retirement math

We’ve all seen the studies – one seems to land on my desk once or twice a week. “Americans are living longer.” “Fewer have defined benefit pensions.” “The value of Social Security is shrinking.” “Boomers don’t have enough money to retire comfortably.” “A retirement crisis is looming.” Just a couple recent data points: –Working American [...] [...more]

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Money manager thinks rising interest rates will bail out retirees

Ultra-low interest rates brought on by the 2008 financial crisis have been great for borrowers, but they’ve been a nightmare for retirees who depend on low-risk yield on savings to meet living expenses. Over the past several years, many retirees living on fixed incomes have been forced to cut expenses, eat into principal or rely [...] [...more]

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Return of 5 percent CD yields for retirees?

Retirees counting on low-risk interest rate investments for income could get some relief over the next 12 to 24 months, argues Barry Glassman, president of Glassman Wealth Services. Pointing to the recent jump in interest rates, Glassman thinks rates could continue rising over the next 12 to 24 months, setting the stage for much more [...] [...more]

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More families raiding retirement accounts to pay for college

Renée Hirshfield didn’t expect to tap her retirement account to pay for her daughter’s college tuition. But when she opened the bill for Sarah’s junior year at Mount Holyoke College, sticker shock set in. “She had been getting a fair amount of financial aid, but there had been a slight spike in my income the [...] [...more]

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Saving for retirement: How much is enough?

CBS MoneyWatch.com contributor Charlie Farrell offers up a simple ratio for gauging whether you’re saving enough for retirement: a capital-to-income ratio. At a 2-to-1 ratio, he argues, the power of compound interest can take you to a reasonable goal for a secure retirement. The formula comes from Farrell’s book, Your Money Ratios: 8 Simple Tools [...] [...more]

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