While a significant percentage of Baby Boomers are in downsizing mode, neither they nor the rest of the population have lost their infatuation with features associated with big homes, according to a survey released today by the homebuilder PulteGroup Inc. To keep up with preferences among consumers of all ages, the builder says, it’s adding a number of such features to its newest homes, including more open space and more storage.
Merrill Edge, a division of Bank of America Merrill Lynch, today unveiled an online tool that has just a whiff of science-fiction to it. The tool takes its inspiration from recent research that suggests that younger people who are exposed to visual approximations of what they might look like when they reach retirement age tend to save more.
Encore: A California law would set up 401(k)-like plans for employees whose companies don’t have them
Encore: A growing program encourages physicians to watch for “financial exploitation” of seniors.
Encore: Amid calls to overhaul the retirement savings plans, a few encouraging signs.
Encore: Some retirement-plan participants are paying higher expenses than others, new disclosures show.
A list of places retirees can get by on after-tax earnings of $27,375 a year.
Post-retirement household spending drops far more precipitously than previously thought, according to a new study.
A growing number of financial advisers are getting certified to focus on the unique needs of the gay and lesbian community.
In most cases, 401(k) plans could boost employee balances if they raised the default savings rates, new research shows.
Low interest rates are making life harder for retirees and those nearing retirement age, a survey finds.
Location-tracking devices being used by some retirement communities send alerts when seniors venture beyond a designated area.
Virtual senior centers allow people to use video chat technology to take classes and participate in programs from home.
Annuities may protect older Americans from the impaired financial judgment, experts say, noting that with every year after age 70, rates of dementia and cognitive impairment rapidly increase.
A typical couple will need close to a quarter of a million dollars to cover healthcare costs in retirement, a study finds.
A court ruling may accelerate the move away from revenue sharing, in which a portion of 401(k) investment fees are used to cover administrative costs.
The boomer generation’s retirement savings picture is not as bleak as some suggest, financial services companies say.
A partnership between Microsoft and senior centers allows people to monitor their health while playing games.
Many boomers expect to be less financially secure than their parents were in retirement, a new study finds.
The average age of reverse-mortgage borrowers is now 71.9, down from 76.7 in 1990, a study finds.