Your early-fifties is an excellent time to start making a retirement budget. In your 40s, you risk jumping the gun. You're ...

Employers may provide retirement plans that pay retirees a specified amount, based on the individual's salary and on the number of years of employment. Called defined benefit plans, these pensions may ...

The generosity of pensions provided to public-sector workers has come under increased scrutiny as states and local governments search for ways to close their budget deficits. The intense and ongoing ...

The more prudent move is always to plan for the worst-case scenario” (1). On that note, consider Don, a 66-year-old recent ...

Read this if you're thinking about retiring and taking the lump-sum option Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five ...

State and local government pensions do not offer the same level of protection as ERISA-regulated corporate pensions. State and local government pensions assure workers and retirees that they enjoy the ...

California state government observers have wondered in recent months why the California Public Employees' Retirement System (CalPERS), the nation's largest state pension fund and one of Wall Street's ...

Voters in San Diego, San Jose and Wisconsin made it clear last week that they no longer will tolerate the expense of public employee pensions that are straining local and state government budgets.

Forbes contributors publish independent expert analyses and insights. Catherine Brock covers personal finance and investing. The hardest part of investing for retirement is budgeting ample ...

Although not his intent, John Micek ("The Sunday Brunch," July 27) nicely highlights news reports on other states that illustrate why Pennsylvania should not switch to a 401(k)-style public retirement ...

Michigan has been able to accomplish what many other state and local governments only dream of: meaningful pension reform. With recent passage of its teacher pension legislation, and Gov. Rick Snyder ...