Retirement

Although research finds an increased risk of developing macular degeneration among long-term aspirin takers, study authors still advise patients who take aspirin for cardio-vascular reasons to continue to do so.

Next year, the maximum IRA contribution rises from $500 to $5,500. One wealth management expert advises immediately changing salary deferrals.

Three out of 10 Americans between the ages of 55 to 70 have not begun even basic retirement planning, LIMRA reports, and only 15% have a formal, written retirement plan.

The Investment Company Institute says that the memory of panacea pension plans is a myth, and today’s investors are not doomed to destitution with their 401(k)s.

Investor optimism has fallen sharply from its year high in May, according to a new poll. A majority currently fear outliving their retirement savings.

A recent survey suggests that millennials are highly motivated to make retirement saving a priority, but they find DC plans overwhelming and complex.

With the cost of a private nursing home room running $90,000 a year, many retirees are considering giving all their money to their children in order to qualify for Medicaid. Aside from being a serious financial risk, it shines a bright light on the lack of awareness of long-term care insurance.

A new tool allows investors to take a glimpse into their age-tattered future, which a recent university study says encourages more savings.

Fidelity Investments reports that 48% of baby boomers anticipate retiring with some kind debt — regardless of whether or not they expect a pension.

In a new study, only 14% of those aged 55 and older say their top financial priority is the accumulation of maximum wealth; far more want to save enough to have peace of mind.