By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
While governments have seized retirement savings in other countries, few Americans believe they have reason to worry.
But the U.S. government has already taken steps toward taking control of the retirement assets of its citizens.
With $20 trillion in debt, the federal government will find it hard to resist the $12.68 trillion in 401(k) and Individual Retirement Account (IRA) money set aside by American workers.
Here's how they'll go about it...
By Ashley Moore, Associate Editor, Money Morning - • Print | Email
With 80% of people afraid they will not have enough money saved for retirement, many are asking about ways to make your 401(k) grow faster.
To help, we've gathered tips to ensure you will be able to retire in comfort.
Here's what you need to know about saving for retirement...
By Stark Merrifield, Associate Editor, Money Morning - • Print | Email
Relationships require communication – and so does retirement planning.
By Stark Merrifield, Associate Editor, Money Morning - • Print | Email
Fifty-five percent of Americans don't have any money saved for retirement.
By Stark Merrifield, Associate Editor, Money Morning - • Print | Email
Baby boomers and millennials both face daunting retirement problems right now. Social Security is failing, the Great Recession eviscerated trillions, the age at which you can afford to retire keeps getting pushed further and further.
A shocking 48% of boomers aren't on track to be able to afford basic expenses in retirement, according to a 2013 Fidelity Investment report. And millennials are the first generation in U.S. history to enter adulthood in worse economic shape than their parents.
By Stark Merrifield, Associate Editor, Money Morning - • Print | Email
President Trump has directed the Department of Labor to prepare an updated economic and legal analysis of the fiduciary rule.
However, before the DOL can follow through, it needed permission from another government agency.
And today, the DOL got that permission…
Here's what retirees need to know about the fiduciary rule's impact on their savings now ...
By Stark Merrifield, Associate Editor, Money Morning - • Print | Email
Since the DOL fiduciary rule is currently stuck in limbo, it is important to ask your retirement advisor the following three questions right now…
By Money Morning Staff Reports, Money Morning - • Print | Email
A new executive order for retirees could help you retain the $68,870 a year earned from 26(f) programs.
The order will keep the Department of Labor from charging you huge fees that eat into your 26(f) program profits.
Here's how the order could shape your financial future...
By Stark Merrifield, Associate Editor, Money Morning - • Print | Email
President Trump has directed the DOL to prepare an updated economic and legal analysis of the fiduciary rule.
However, we beat the DOL to the analysis and did it ourselves, and the numbers aren't pretty.
The new DOL fiduciary rule could significantly hurt the average retiree. And here's why...
By Money Morning Staff Reports, Money Morning - • Print | Email
What some are calling a "retirement blackout" could take affect within the next two months.
You might not have heard about this yet, but it can affect your money.
Here's everything retirees and pre-retirees need to know about this controversial measure...
