NursingLink

Have questions about planning for retirement? Our Money Mentors have some answers. They aren't financial pros. They're ordinary folks who, as retirees, manage their own finances. Their nest eggs, excluding their homes, vary from a couple hundred thousand dollars to $2 million. The one thing they have in common is experience as retirees — and the desire to share the lessons ...

It's one of a heap of financial worries that come with a layoff: What happens to your company-sponsored retirement plan? The answer depends on how long you worked for the company, the amount you saved up and whether the money's in a 401(k) or a pension plan. For the most part, federal regulations protect retirement savings, even if a company goes ...

Investment losses, job loss or downsizing, an upward adjustment on your adjustable rate mortgage, and higher prices on everything from gas for your car to rice for the table are only some of the current factors that could derail your financial planning for your golden years. When your income is not covering all your expenses, it can be tempting to simply ...

If you want to spend less time worrying about your money, then it’s time to get your financial act together. These six strategies can help improve your financial situation and simplify your life at the same time. h4. 1. Put Your Savings on Autopilot If you haven’t maxed out your 401k or other retirement plan at work, add an extra $50 ...

Our readers offer their own tips for what you can do now for a happy retirement: Spend less. Save more. Most of all, make sure you have someone to share your retirement with. Start by living below your means, says Gabe Renzo, 63, of Dearborn Heights, Mich. Young people today, he believes, don't save enough money, and the main reason they ...

A BW senior correspondent details his quest to repair his retirement portfolio and get his family's finances in order It could have been worse. At the end of February—a year and change since my wife and I had shifted our money to professional wealth management advisers—our equity holdings were down 48% for the 16 months they had managed it. But our ...

Q: My wife's company stopped matching contributions to her 401(k). Should we continue to make contributions or should we put the money into some other retirement account? A: Your wife isn't alone. Many firms are cutting benefits now. The long-term effects of companies cutting their contributions to workers' 401(k) plans will be serious. After all, many firms dropped their defined benefit ...

Knowing how long to keep an important financial document is the key to maintaining your personal security as well as managing clutter. Some documents can be shredded after short periods of time, while others should be kept indefinitely. Here’s a handy guide to help you figure out what to keep and what to shred, beginning with the short-lived documents: Keep for ...

Budgeting isn't always easy - but it doesn't have to be impossible. And it's worth it. You'll live with less worry now, and endure less headache later on. Luckily, the Geezeo blog has come up with some basic money management strategies that are as simple as ABC. Follow their guidelines to squash your debt, start saving, and stop wasting money. ...