Retirement

The Internal Revenue Service has become more adept at identifying retirement plans that may violate tax laws, according to a new government report.

Three out of four middle-income Baby Boomers say their financial situation, not age, is now the key trigger for when to retire, according to a recent study.

The majority of Americans say they want and need income replacement projections for financing their retirement, but most do not have access to the data nor an understanding of how to translate their 401(k) savings into a stream of retirement income, according to new research.

Only 51 percent of Americans believe they will have enough money to enjoy a comfortable retirement.

While many people continue to experience the after-effects of the recession, a majority of older Americans say they are confident in their retirement preparedness, according to a survey by Charles Schwab.

A bipartisan group of lawmakers in Washington is co-sponsoring legislation and demanding an independent probe to stop the government and a trustee from suing innocent victims who invested in Bernard Madoff’s Ponzi scheme.

BABY BOOMERS MIXED ON WEALTH TRANSFER

Proposals to scale back or eliminate the tax incentives of investing in 401(k) retirement plans, as called for by some budget deficit reduction plans, would not only endanger the ability of low- and moderate-income workers to enjoy secure retirements, but are based on faulty math, according to new research from the American Society of Pension Professionals & Actuaries.

The recession has put even greater pressure on workers to stay on the job, according to a new report.

The confidence level of women in their ability to plan for retirement has reached a three-year high, according to a new survey, with 69 percent of women rating their confidence level as good or very good.

Nearly 40 percent of working Americans say that they will never afford retirement, according to a new survey by the American Institute of CPAs.

Nearly 40 percent of working Americans say they will never afford retirement, according to a new survey by the American Institute of CPAs.

IMGCAP(1)]Baby Boomers are now or soon will be part of the senior generation.

U.S. workers are more pessimistic about their prospects for a comfortable retirement than at any time in the past two decades, according to a new survey.

The U.S. Labor Department has filed suit against Parnell & Co. LLC, alleging that the South Carolina accounting firm helped itself to at least $75,000 from the employee 401(k) plan.

The Social Security Administration warned in a letter to employees that it may have to furlough workers if proposed cuts to its budget are enacted into law.

Half of Baby Boomer clients who have postponed retirement due to the economic downturn expect to work at least four years longer than they originally planned, according to a new survey of CPA financial planners.

Employees as a whole made significant improvements to their finances in 2010, despite a tepid economic recovery and sluggish rebound of job and real estate markets, according to a new study.

The youngest generation in the workforce has become more engaged in the past two years learning about the benefits that can help protect them financially, according to a new study.

Last week while flipping the channels amidst the 8th winter storm of the season here in the Northeast, I happened across a news segment detailing how a pair of once exorbitantly paid professional football players, each commanding an annual salary that approached $10 million, are now broke.