You probably know that it's important to actively save for retirement rather than rely on Social Security alone to fund your senior years. Those benefits only pay the average retired worker about ...

There's a big reason CDs have been so popular this year. It's pretty easy to lock in a CD at a rate of 5%, which is a pretty good return on a risk-free investment. All you need to do to not lose money ...

It often pays for retirees to put money into CDs. I'm not close to retirement, so I'm more focused on stocks these days. CDs are a good option when saving for near-term goals, not long-term ones. The ...

Miranda Marquit, MBA, is a freelance contributor to Newsweek’s personal finance team. She has an M.A. in journalism from Syracuse University and has been writing and podcasting about money since 2006.

Key Takeaways Americans ages 55-64 hold an average of $8,000 in savings—more than most of their younger peers, but less than their older counterparts. Financial experts emphasize that retirement may ...

Beautiful playful senior couple in aprons dancing and smiling while preparing healthy dinner at home The investing information provided on this page is for educational purposes only. NerdWallet, Inc.

Ready to retire? Here's how to swap your 'peak earnings' mindset for a 'preserve-plus-grow' approach instead of relying on ...

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or ...