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Parents may want to pay for their child's education, but they also need enough money in the bank to survive in retirement. Financial expert Carmen Wong Ulrich offers some money saving advice.
U.S. News & World Report has ranked Washington as among the worst cities in the country for retirees.
A 401(k) is meant to go untouched until a person retires, but more than a quarter of Americans use their retirement accounts to pay current expenses.
An American worker survey by Principal Financial Group Inc. shows only 14 percent of Americans are very confident they will have enough money to live comfortably in retirement, and the percentage of workers currently saving for retirement has declined.
Two local towns have been named top retirement destinations for history buffs.
About one in five Virginia residents have almost no savings or other assets to weather a financial crisis, according to a nonprofit group's report.