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Retirement News

 
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How to close the race-based chasm in U.S. retirement wealth

CHICAGO The gap in U.S. retirement wealth between white and minority families has widened to the point where it really is not a gap anymore. It is a canyon.

Buyout funds use minority stake sales to show off best assets

LONDON Private equity funds are increasingly selling minority stakes in investments to pension and sovereign wealth funds as they strive to deliver returns for investors while holding onto prized assets in a hotly competitive market for deals.

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Using a reverse mortgage to delay Social Security: does it make sense?

CHICAGO Delaying your Social Security benefit claim offers one of the best routes to higher retirement income - annual benefits increase 8 percent for every 12 months that you delay from age 62 to 70. But the strategy often comes with a challenge: how to meet living expenses while you wait?

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Getting your kid to bank summer earnings

NEW YORK Linda Rogers' father set her up for retirement when she was just a teenager.