A rising number of people have seen their retirement plans evaporate. As 401(k)s dwindle, their dreams of golden years are being replaced by feelings of hopelessness and anger.
As financial markets have ravaged his savings, Gary Laursen, 62, has put his retirement on hold. He is one of millions of Americans confronting a stark reality about retirement.
The stock market slide that has decimated savings for retirement and college savings with equal savagery is forcing many parents into an uncomfortable choice of where to cut back first.
Wed, 26 Nov 2008 20:59:10 GMT
Answer Desk: Cash out my 401(k) or hang on? This week's discussion about retirement on Newsvine: What should I do with my 401(k) account now? Sell my stocks at a loss? Or hold on and hope the market comes back? Sun, 23 Nov 2008 23:52:34 GMT
Answer Desk: Explaining the oil bust With oil prices at a third of peak levels, OPEC producers are having little luck trying to prop them back up. So was the price spike driven by greedy speculators after all? Answer Desk. Sun, 30 Nov 2008 21:57:39 GMT
‘Longevity risk’: When retirees outlive savings Like many other elderly Americans, Edie Stark has been hard hit by the meltdown in U.S. financial markets. She is 84 and has been worried a lot lately about outliving her savings. Fri, 21 Nov 2008 14:28:14 GMT
A record number of Americans is now receiving aid under the federal food stamp program. Despite misconceptions, the aid only goes to the very poor. Msnbc.com's Mike Stuckey reports.
The economic crisis may be doing what pastors, family therapists and marriage counselors have struggled to accomplish: keeping troubled marriages together. Msnbc.com's Alex Johnson reports.
