Tagged: Retirement

The numbers are staggering. Three-quarters of the population approaching retirement (aged 50 to 64) earns less than $53,000 a year. That group has saved an average of $26,000 in their retirement accounts. Even adding in social security, one forecaster estimates retirees will be able to pay only $5 a day for food.

Financial commentator Greg Heberlein and KPLU's Dave Meyer look at the looming retirement crisis on this week's Money Matters.

One of the great debates among those approaching retirement is whether to take Social Security benefits at age 62, 66 or 70.  

There's no one-size-fits-all answer. Financial commentator Greg Heberlein and KPLU's Dave Meyer explore the options on this week's Money Matters.

The end of the year is a great time to review your finances. Are you saving enough for retirement?

According to U.S. News & World Report, about a third of all Americans have nothing saved for retirement. Fortunately, it's never too late to start building your nest egg.

On this week's Money Matters, financial commentator Greg Heberlein and KPLU's Dave Meyer look at ways to prepare for "the golden years".

Sixty percent or more of American families have 401(k) or 403(b) retirement plans. If you're under the age of 50, you can invest up to $16,500 in tax sheltered dollars each year in your retirement fund (and your employer can put in even more). If you're 50 or older, you can invest $22,000. But how many of us know how to manage these investments? You need to have a plan and stick to it. On this week's Money Matters, financial commentator Greg Heberlein tells you how to do it.

Loren and MaryAnn Anderson have announced their intent to leave Pacific Lutheran University in the spring of 2012, at the end of the academic year.

“The time is right for the university,” Loren Anderson, 65, said. “It’s a perfect time for new leadership as another era of progress and development is about to open for PLU.”

How much income will you need to be financially secure after age 65?  It’s often hard to know. A new study shows what it costs for the elderly in Washington to live at home and stay out of debt.