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Retirement advice and news - CNNMoney.com
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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Can I use my IRA to buy an apartment building?
Can I purchase an apartment building as an investment with the money I have in my IRA? -- Bernie Sauer, Detroit Lakes, Minnesota
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Easing your way into retirement (on your own terms)
At age 60, Kathy Frederick routinely put in 50 hours a week as a hospital administrator for Scripps Health Systems in San Diego. She managed a 15-person staff, and regularly took work home on week-ends -- until one day five years ago she decided enough was enough. "I wasn't ready to retire," says Frederick, "but after 18 years at that pace, I wanted a different challenge and more time for myself."
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How I'm easing into retirement
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Invest your IRA like a pro
I'm 38 and just rolled $120,000 into an IRA. I'm trying to decide whether I should invest it on my own or pay an investment firm a fee to do it for me. I'm inexperienced, so I really don't even know what information I should factor into this decision. Any suggestions? -- Trevor S.
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Investing for retirement when you're just starting out
My granddaughter has asked me how to invest the money she'll contribute to her employer's retirement savings plan at her first job. I suggested she either go with a 2050 target-retirement fund or divide her money as follows: 40% in an S&P 500 index fund, 40% in a small-cap index fund and 20% in an international stock index fund. Do you think she should go with the first option, the second or do something else? -- Don G.
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Manage retirement savings as you age
How much should I have in a 401(k) or other retirement accounts at various ages relative to my salary so I know I'll eventually enough money to maintain my standard of living throughout retirement? -- K.T., Olathe, Kansas
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Will $4 million in retirement savings be enough?
I hope to have $4 million saved by the time I retire in 30 years. That sounds like a lot of money, but how much would that be in today's dollars? -- Brian
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Don't shortchange the later years
Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.
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Laid off and making the retirement savings last
Ed Parker never planned on retiring early. But in 2009, at age 61, he was laid off from his job as a manager at a Caterpillar dealership and realized he was ready to end full-time work. His wife, Roxann, had retired a decade earlier from her job at a department store, and travel plans beckoned.
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Nonprofit founders put passions ahead of planning
Scott Pankratz and Julie Osborn are phenomenal planners and money managers -- except when it comes to their own investments.
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Recovering from a too risky portfolio
We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, the Mitchells' story -- and the recommended financial fixes.
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Can I give my 401(k) firm the boot?
My 401(k) is managed by a brokerage firm that was busted by the SEC for fraudulent practices (although those practices weren't related to my 401(k) plan). Still, I don't want to invest my money with, or pay fees to, to a firm I consider unethical. For now, I've switched all of my money into the bond account figuring it's the safest place to invest until I can figure out what to do. But I'd really like to get into another 401(k) plan. Can I do that? -- Michael S.
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Is a pension a stand-in for bonds?
Our 401(k) and Roth investments are in stock index funds and commodities. We own no bonds. With a pension and Social Security, can we keep forgoing bonds? -- D.F., Washington, D.C.
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Retiree havens go on sale
Even if you're a decade or more away from quitting time, you may be thinking about buying a retirement home right now.
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Delaying retirement: 80 is the new 65
A quarter of middle-class Americans are now so pessimistic about their savings that they are planning to delay retirement until they are at least 80 years old -- two years longer than the average person is even expected to live.
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Industry Insider Blows the Whistle on