The ideal situation for retirement is to be debt-free, but that's not the case for consumers who are carrying high levels
of credit card debt.
The days of retiring at 55 and being financially secure are a distant
memory, according to a study released last month by AARP.
When it comes to the stock market, investors are no longer in a code red state of anxiety. But it's still code orange.
Taking maximum advantage of tax breaks and other strategies will make
savings last longer, which is critical for those living on a fixed
Baby boomers facing retirement are worried about their finances. Many believe they'll need to work longer than planned.
There can be gains to be had by borrowing against 401(k) assets instead
of from other sources, according to separate studies by the Federal
Reserve System's Board of Governors and the Michigan Retirement Research
Fretting is the new normal for retirement.
Americans are starting to realize what bad financial shape they are in as they think about retirement plans.