socialsecuritycbs

When Should You Take Social Security?

By Allan Roth, CBS MoneyWatch (MoneyWatch) The foremost question for Americans approaching retirement age is when to start collecting Social Security. It’s a complex topic, and personal finance expert Mike Piper does an excellent job of clarifying the decisions in his short book, Social Security Made Simple. Here are three key points to keep in […]

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Elder Couple with Bills

The States Least Prepared for Retirement

By Samuel Weigley and Alexander E.M. Hess, 24/7 Wall St. 10. Colorado 401(k) balance to annual income: 42.6% Median balance: $23,583 (23rd lowest) 401(k) growth 2008-2011: 29.4% (18th highest) Debt to income: 744% (13th highest) Average total debt: $221,648 (10th highest) Despite a median household income of $55,387, almost $5,000 above the national median income, […]

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