Four investment advisers used the time-tested free dinner investment seminars at a Tampa restaurant to scam $3.9 million from more than a dozen investors, many of them retirees.
Investors face 2 major r risks: risk to principal and risk to purchasing power. Savers are more concerned about one, and investors are more concerned about the other.
Nine in 10 working Americans believe they should be investing for retirement, but only three-quarters are taking any action.
People with student debt are taking longer to find that career job that’s going to pay enough to contribute to a 401(k).
Employers have moved away from offering pension plans with their defined benefits to offering defined contribution plans where the employee contributes from his or her salary and the employer may offer a matching contribution to a 401(k).
If you’re 50 or older, catch-up contributions can help get your retirement savings back on track and correct the financial mistake of not contributing earlier in your career.
Within the past 5 years, 42% of millennials have used alternative financial services like payday loans, pawnshops, car title loans, tax refund advances or rent-to-own products.
In case of financial emergency, do you break into your retirement savings? Many people do.
Hear about millennials’ credit challenges and about our latest look at Americans’ financial security.
According to Vanguard, 27% of participants in voluntary enrollment plans contributed below the level required to receive the full employer matching contribution in 2012.