Suzanne Woolley
Writer and editorSuzanne Woolley is a personal finance writer and editor for Bloomberg News.
Suzanne Woolley is a personal finance writer and editor for Bloomberg News.
Unlike Wall Street, most Americans with savings plans such as 401(k)s tell pollsters they expect the fat returns to continue.
The average balance in Fidelity’s survey is a record $92,500. For workers with the same employer for 10 years, it’s a quarter-million dollars.
If myRA, President Obama’s signature retirement plan, were a private-sector startup, it would probably be getting some heat from its venture capital backers right about now.
Many company retirement savings plans could use a swift kick into the 21st century, according to a new report from the U.S. Government Accountability Office.
The average 401(k) balance gained for the second quarter in a row, inching up 2%, to $90,600. That amount is a 7% jump from 2015's third quarter and up from an average of $64,300 five years ago.
People often sit down to figure out how much they will need in retirement and assume they'll spend 40 years in the workforce. That's an outmoded assumption, TIAA's Diane Garnic says.
It doesn’t seem like much to ask for—a 5% return. But the odds of making even that on traditional investments in the next 10 years are slim, according to a new report from investment advisory firm Research Affiliates.
The bank’s scandal is a useful, and urgent, reminder: Employee shouldn't sink retirement money into their company’s stock.
If you had to choose between the retirement or salaries, and you're between 18 and 34, odds are you'd trade some of your pay today for greater retirement security in the future.
At 9 p.m. ET, in the first presidential debate of the season, Hillary Clinton and Donald Trump will be pressed, to a degree, for details of their various proposals. Jobs, wages, taxes, student debt, child care, Social Security ... any or all of these could come up.