As people work longer, they often carry major financial responsibilities, such as mortgages and college loans, into their later years.1–3 Someone who has high medical expenses or a spouse who no longer works may have to shoulder a heavier load than a younger person. If you’re still working, have you considered what might happen if you […]

It’s not a good sign when people raid their retirement plans to pay bills, college tuition, or auto repairs, but more workers have been borrowing from their accounts or taking hardship withdrawals in the past few years. At the end of 2010, 28% of active 401(k) participants had outstanding account loans, and another 7% took […]

As the financial crisis grew in severity from 2006 to 2008, U.S. investors moved more than $1.5 trillion into money market mutual funds as a “flight to safety.” Over the next two years, cash flowed out of these funds almost as quickly as it flowed in when investors rushed to purchase growth-oriented securities in the […]

Spanning more than 900 miles wide, Hurricane Sandy was the largest tropical weather system ever recorded in the Atlantic Ocean. The deadly storm devastated a number of communities when it came ashore along the heavily populated coastline of New Jersey and New York in late October.1 High winds and widespread flooding also shut down public […]