In some states you still have to get a blood test before you get married, but no state requires you to get a credit check before getting married. How important is it to sit down with a bottle of wine and talk debt before you walk down the aisle? David Hyde talks to financial expert Jane Bryant Quinn who says it should be at the top of your list. She’s the author of a book called "Making the Most of Your Money Now."
A new study by the National Institute on Retirement Security found that people under 40 are more anxious than ever about their retirement. With Social Security benefits dwindling and pension plans becoming more and more scarce, many experts say planning early is more critical than ever. But for many under 40, rent, student loans or cars are far more pressing financial matters. So, how do you start? Ross Reynolds talks with National Institute on Retirement Security Executive Director Diane Oakley about the most recent trends in retirement, and gets advice on how and what to save from certified financial planner, Mindy Crary.
Originally published on Mon April 1, 2013 10:54 am
The oldest of the baby boomers came of age in the 1960s and are beginning to retire. Their younger cohorts are still putting kids through college and building careers. Baby boomers are a giant portion of the population — 78 million people, by one estimate.
They grew up in an era of rising living standards, but the Great Recession destroyed any sense of financial security — and many nest eggs. Financial planner Tim Maurer outlines a variety of issues boomers face.
Who is a baby boomer, and what defines their financial situations?