If you're looking at your retirement fund, or you're not looking at it because you don't have one yet, you may be wondering what in the heck happened. If you've just bought a hat and are learning guitar because you're pretty sure the only remaining way you can fund your retirement
It can immediately slash living expenses in half. Make sure everyone has the same expectations about communal living, personal space and bill sharing. Home sharing with another retiree provides similar financial benefits without the complicated relationship dynamics that can come along with moving
If you've read the latest headlines, you know millennials get a mixed financial rap. Some reports say they're throwing their money away on avocado toast and dining out, while others claim they're killing ...
For many people, retirement — never mind early retirement — seems out of reach. Social Security benefits alone aren’t enough to live the good life during your golden years, and, as we’ll discuss later, you’ll want to put off taking that money as long as you can. If you have zero savings right now,
Planning, saving and investing for retirement are financial priorities for most Americans. Anyone with even the most general sense of how saving and investing works knows saving as much as possible as early as possible is the smartest path to an early and enjoyable retirement. A recent study by the
If you're interested in increasing your leisure time, you probably don't want a retail business with local customers and employees. A laptop business allows you to make your own hours and clock out for the month when you've made enough to pay your bills. In some parts of the world, you
A nice stash of extra cash is always a good idea, and it could be especially important for those who don't have paychecks coming in anymore.
Older Americans are especially vulnerable to scams and identity theft, and Medicare is doing something about it. U.S. seniors will start receiving new identification cards next year as part of an effort to protect them from the rising risk of fraud. Medicare cards use an identifier called the Health
When you should start taking your benefits and how your provisional income affects your taxes are two critical pieces of the retirement puzzle. To make the right moves, you need to look at the big picture.
The average balance for retirement accounts is about $100,000, according to Fidelity. Retirement account balances certainly rise as years in the workforce increase, but other habits can help you achieve above average results. The earlier these retirement savings habits are implemented, the more likely
Keeping a hand in the workforce after retirement can be richly rewarding (in a couple of key ways). However, it can also complicate your finances.
Pulling from your retirement fund before retirement is certainly less than ideal. Approaching retirement without the resources to replace your income or cover your expenses is a frightening scenario. In addition to pulling from assets that you will need in the future, there are severe taxes and penalties
Americans have changed the way they save for retirement. Gone are the days where a company pension served as the cornerstone of retirement assets for many Americans. Here are six trends. How do your retirement saving practices stack up?
As returns in the markets grew stronger throughout the '80s and into the '90s the savings rates continued to plunge. It’s once again on the decline. If I had to point to one variable that could explain why so many are so ill-prepared for retirement it would be this.
Social Security will be insolvent in 2034 unless congress raises taxes or cuts benefits its recipients—seniors and people with disabilities.
Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. The 2018 Social Security cost-of-living adjustment (COLA) will not be
All of these transactions and more may be different next week, after new guidance from the U.S. Department of Labor is implemented. The so-called "fiduciary rule," which starts on June 9, was a political football during the Obama administration and seemed doomed after President Donald
Women overall performed better on their investments last year, according to a new Fidelity study, which also found that despite their success, women lack confidence their investing abilities.