President Obama unveiled a new savings plan for retirement accounts, aimed at encouraging people to start building their nest egg. But how exactly does it work?
Saving for your retirement in your 20s doesn't have to be a financial burden. Prioritizing your expenses is usually the first step in building a nest egg.
Here are some of the tricks that retailers use to make you think you're getting a deal. Keep an eye out for them while shopping this Black Friday.
Life coach Kathleen Brady explains how you can go after that occupation you're passionate about and objectively measure your success.
Real Estate firm Coldwell Banker did a survey to figure out why so many young adults are still living at home, and how they can move out of their folks' house.
Hurt by low interest rates, retirees should consider steering their portfolios beyond bonds, according to Rob and Tom Fross at Fross & Fross Wealth Management.
First, stay calm. Then get all your documentation together to prove your case to the IRS.
Home staging is the process of renovating your house to increase its value and sell it faster.
Don't let credit card debt accrued over the holiday season linger by using a few key tips to help pay down your balance.
Money Magazine's Donna Rosato says 2012's historic low interest rates will continue into the new year.
The new pay-as-you-earn federal student loans could ease your debt burden for decades to come.
2013 could bring on more home price appreciation and changes in the popular mortgage interest tax deduction.
Money Magazine's George Mannes asks people, from students to seniors, about their money plans for next year.
Investing lessons from 2012: HP and other dogs may keep sliding. Winners like Apple may continue to do well. Close analysis is crucial.
The piece by piece implementation of the Affordable Care Act of 2010 is bringing a few more changes to your health care in 2013.
Figure out a budget and maximize your assets if you've recently gotten a divorce, says adviser Lili Vasileff.
One North Carolina innkeeper saved 50% of her annual income before getting laid off and used it to start her bed and breakfast.
Save money by buying gift cards through exchanges where they sell for a lower face value, says personal finance expert Lynnette Khalfani-Cox.
Control holiday spending by creating a budget and setting aside the total amount you plan to spend, says personal finance expert Lynnette Khalfani-Cox.
Personal finance expert Lynnette Khalfani-Cox explains why consumers are probably not getting the best deal the day after Thanksgiving.
Take advantage of these strategies to reduce the amount you owe the IRS.
Douglas Dolton decided to start his own luxury preowned-car dealership but found getting a loan wasn't as easy as he thought it would be.
What homeowners hit hard by Superstorm Sandy need to know about their insurance coverage and how to get assistance.
A year after being laid off, Robin Bylenga turned her love of cycling into a small boutique catering to women bikers, Pedal Chic.
You can still save for retirement like a person with a regular paycheck, just set aside a percentage of your income.
It may be tempting to take money out of your 401(k) to pay off a debt, but be prepared to pay penalty fees and have less money for retirement.
While gold may seem like a safe haven, it shouldn't be more than a small portion, if any portion, of your retirement portfolio.
Money magazine's George Mannes walks the streets of New York City to find out what you would do if someone handed you a grand in cash with no strings attached.
The sooner you start saving and investing in stocks, the more time you'll have to build a secure retirement nest egg.
While you can withdraw funds from an IRA to pay off credit card debt, often the penalties undo the benefits of short-term relief.
Some people are making more money than they did 4 years ago but others are struggling to generate enough income.
Living off of savings is a common theme among people CNNMoney polled but a few have been able to save more.
Downsizing, failed attempts to refinance, and moving in with parents are some of the responses CNNMoney got in its poll.
Managing your mix of stocks and bonds in your 50s can be tricky. By paying attention to security, growth and your time horizon you can maximize your retirement returns.
Understand how your advisor is compensated -- whether they are fee-only or fee-based. It could make a difference in your returns.
Even though you can't do much to control inflation, there are ways you can prevent your retirement savings from suffering.
Are you expecting to work during retirement in order to make ends meet? Here's how to improve your chances of landing a job in your golden years.
Nestor Cantor turned to the Financial Empowerment Center in New York, which offers counseling for people drowning in debt, to help him get a hold of his out-of-control finances.
Leaving your retirement plans to chance is a fool's game. Find out how much you need to save in order to live the way you want in retirement.
Research shows that individuals 65 and older who engage in frequent sexual activity improve their chances of living a happy retirement.
Find out how TireRack tests and reviews tires and why choosing the right ones for your car is so important.
The Consumer Financial Protection Bureau was created to educate and protect consumers from financial abuses. Here's how it will help you.
Whether it's a sprawling home in Indianapolis or a 900 square-foot loft in Manhattan, here's a look at what $1 million will get you in these cities.
The road to retirement is littered with potential mistakes and missteps. Here's how to avoid the four most common nest egg fumbles.
Keeping secrets about your financial past and your spending habits can do as much damage to your relationship as having an affair.
Architect Jeff Sherman took ten years turning around a ruinous row house and added nearly $500,000 in value in the process.
Here's when you should choose term insurance over whole life.
Jeanine Cotter gave up her career as a lawyer in order to launch her own solar contracting business.
The health care law includes a mandate that says uninsured consumers will have to buy coverage or pay a penalty by 2014.
From IV bags to chest tubes, Dr. Sanjay Gupta explains why even basic medical equipment adds thousands to your medical bill.