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What Is Retirement, Anyway?

Planning for retirement isn't just about mutual funds, 401(k)s and reverse mortgages anymore. With the traditional notions of retirement changing, figuring out how to spend our later years requires a different approach.

100 Days Revisited: Checking In On Bradenton, Fla.

A U.S. Postal Service worker and a coordinator of a homeless shelter in Bradenton weighed in on the economic picture there in 2009, just after President Obama was elected.

Mitch Daniels: Avoid 'Fiscal Niagara' On Social Security

Indiana Gov. Mitch Daniels urges adjusting the Social Security system in his new book, Keeping the Republic. In the book, Daniels writes that Carlo Ponzi — the con man whose name became synonymous with a swindling scheme — would make "an ideal Social Security commissioner."

Census: Reading, Pa., Has Highest Poverty Rate

Melissa Block speaks with Reading, Pa., Mayor Thomas McMahon about the recent U.S. Census Poverty Report that ranks Reading as the city with the highest rate of residents living in poverty.
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Latinos Now Majority Of Children In Poverty

Latino children now make up the largest population of young people living in poverty in the United States, according to new data from the Pew Hispanic Center.


'Retirement Heist': How Firms Trimmed Pensions

As companies have moved away from traditional pension plans, they've been shifting employees to 401(k)s that transfer the cost — and the risk — to workers. Companies have claimed for years that old-style pensions were unsustainable. But author Ellen Schultz says the shift has helped firms boost their bottom lines.

Fed Dissenter Thomas Hoenig Retires

Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, retires this week. He sticks out among members of the Open Markets Committee. He's voted against low interest rate policy years, and he's spoken against it, though in a decorous way. With just a couple of days left on the job, he's speaking more forcefully now.

Saving For Retirement: How Much Do You Need?

The amount can be confusing and depressing, so many Americans never calculate it. Experts offer their formulas, and say you'll be far happier later if you pinch pennies now.