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Pensions are run like Ponzi schemes; as long as the cash coming in to the fund is equal to or exceeds beneficiary payouts, the scheme can continue but it’s a catastrophe when economic conditions deteriorate and tax revenue flattens or declines, as is occurring now. When the stock market inevitably cracks, it will wipe pensions out.

If you're caught in two minds about what sort of life you want when you wave goodbye to your work commitments, here are 7 reasons to retire abroad.

Most people are familiar with the most common kinds of insurance — home, auto, life, and health insurance but there are many additional insurance policies available for things that are probably not covered by your everyday basic policies. Depending on your risk exposure, additional insurance coverage could be worth the cost. Here are some less well known kinds of insurance you might want to consider.

Most boomers are painfully aware of how badly prepared they are for retirement. Almost half of them have saved virtually nothing for their golden years. The only solution for many is to work full-time to age 70 (and beyond for some) or to transition into part-time employment after their full retirement age. We may not have done a good job of planning for retirement, but we can make the next 15 or 20 years even more rewarding than our previous work lives were. Here's how.

If you're at all interested in money, you probably know that there are a bunch of U. S. notes and coins that nobody uses anymore. The whys and wherefores of this "forgotten" money makes for an interesting history.

There are all sorts of rules of thumb about saving for retirement but, while they can be helpful as a baseline for setting expectations, you need to make a plan and monitor your progress as you age to be effective in the real world.

With longer life spans, inflation, and increasing health care costs, it's possible that many retirees won't have enough to comfortably sustain their retirements. Here are 7 smart moves that will help you catch up on savings even late in the game.

The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance shows the obvious: Student debt delays household formation, home buying, and saving. [Here are the details summarized for a fast and easy read].

40 years ago, a grand experiment was embarked upon that promised American workers that by contributing to newly introduced defined contribution vehicles they would be better off when they reached retirement age. That raises a simple but very important question: How have things worked out? Well, the bottom line is that the vehicles and the promises made are proving woefully insufficient to fund the "retirement" dream you've been sold your whole life. Frankly put: retirement is now a myth for the majority.

Investing is about taking advantage of higher rates of return and benefiting from the power of compound interest over long periods of time. It’s also about finding the best ways to mitigate the risk via diversification, being patient, etc. Today's infographic outlines the difference between saving and investing, and provides some basic tips on how to get started in the market.