Retirement

Dear Penny, I am a 65-year-old, semi-retired single female. Because of my personal and financial situation at the time, I started collecting my Social Security. I needed it to supplement my part-time income in order...

Dear Penny, I recently spent time with my mother, who is 67 and is planning on going into semi-retirement soon. I asked her about her financial plans for retirement and what she told me has...

It’s difficult to know if you’re saving enough for retirement. You can use a retirement calculator to project, but who knows what life events are going to come along and throw your savings off track?...

Dear Penny, Our 401(k) lets you borrow from the plan and pay yourself back at 7% interest. Given today’s sometimes dismal returns, it seems like a good way to pay off some debt or make...

Have you been avoiding setting up a retirement account because the information is overwhelming and complicated? Yeah, me too. I’m not going to lie; if it wasn’t for the automatic enrollment in my employer’s 401(k)...

Retirement feels so far off, and you’ve got financial goals you want to achieve now, such as buying a house and paying off debt. It makes you think saving for your golden years will...

Dear Penny, I just turned 54. I have never had any kind of retirement plan aside from saving money where I could. I have about $30,000 lying in a savings account that’s really doing nothing....

Dear Penny, I owe about $84,000 in student loans, and for several years I’ve only paid the interest because it was what I could afford. I currently pay $224 per month. I’m 60 years old...