Retirement

If you're one of the fortunate workers with a pension, and you're employer offers a big lump-sum payment in exchange for it, it may feel like hitting the lottery. But how you handle that offer may be the biggest money test you'll ever face.

Here's a disturbing fact about Social Security you may not have heard about: For an increasing number of new retirees, the amount that Social Security will pay out in benefits will end up being less than the payroll taxes they paid in.

According to a GAO report, women have a tougher time saving for retirement than men do. But women of all ages can take some steps to improve their financial readiness.

If you ask Americans worth between $1 million and $5 million how rich they are, their answer will be "not very." That may make some of us chuckle, but the sad truth is that a million dollars today doesn't go as far as it did when we were young -- and it sure won't go as far when we're old.

It%u2019s become common (and comforting) wisdom: Those who haven%u2019t saved enough for their golden years can meet their retirement income needs by working until they're 70, instead of the traditional 65. But that's not true for at least a third of U.S. workers, reveals a new study.

People approaching retirement like to think they'll spend less when they hang up their hat, but the reality might be a lot different than that. Here are some reasons why.

New rules require 401(k) plans to give you a lot more information, including badly needed disclosures about how much you're really paying to save for retirement. Here's what to look for in next month's statement.