The average millennial is 30-something, an age by which most of us are well-versed in the ups and downs of financial life. It may come as a surprise, then, that the average millennial expects to retire before 60, a goal not many of us can afford to attain. In a February poll, YouGov asked millennials […]
Hope Murray retired in 2013 after a 50-year career that ranged from game show producer to Hollywood party planner to casino executive. She settled into a life of golf, game nights and pickleball in her San Diego community, her daughter living nearby. Then things got more expensive. Gas was nearly $5 a gallon, medication costs […]
Google Flights is among the best apps for cheap travel. It’s the one-stop search engine for airplane trips and consolidates hundreds of top online travel agencies (OTAs). You can search for the best ones in a central hub from your mobile phone or personal computer. You won’t have to visit multiple websites, and you can […]
For many around the world, retirement can be a mixed bag. Australian retirees rate their retirement happiness at 70 out of 100, according to a survey of 1,000 Australians over 60 in February by the independent researcher YouGov and investment management company Challenger Limited. Money was ranked behind good physical health as the key to […]
The updates to the University of North Carolina Retirement Programs are now complete and your existing investment balances with Fidelity have been transferred to your TIAA account(s). The Blackout Period that you were previously informed about has now ended. What does this mean for you? You now have access to more investment choices, tools and […]
Ongoing economic challenges are changing how Americans are thinking about retirement planning, with nearly 6 in 10 pre-retirees (57%) believing that inflation poses the most immediate challenge to their retirement portfolios over the next 12 months. And this stress apparently is shifting the perception of life as a retiree, especially for those closest to retirement […]
Retirees are in for unpleasant surprise: Despite hotter inflation in March, Social Security benefits might get a smaller cost-of-living adjustment next year. Brisk inflation on the tail end of the pandemic led to a historic 8.7% cost-of-living adjustment (COLA) for Social Security benefits in 2023. Retired workers hadn’t received a pay raise that large in […]
In your 40s, financial priorities can range from taking care of aging parents to funding the activities and futures of your kids. You probably feel more settled than you did in your 20s or 30s, but may not know which money moves you should be making as you coast closer to 50. Here are four […]
When it comes to retirement, Americans have a new number in mind — $1.46 million — for how much they think they will need to live comfortably, according to new research from Northwestern Mutual. That estimate is up 53% since 2020, when Americans said they would need $951,000, as the cost of living has surged […]
The state pension went up 8.5% in April – hitting £11,502 per year for someone on a full new state pension. This is great news for people’s beleaguered budgets, after the cost of living crisis laid waste to their finances. With inflation finally on the wane, this increase introduces some much-needed breathing space. However, many […]
Millions of older Americans at risk of defaulting on student loan payments may lose some of their Social Security benefits, Democratic lawmakers said in a letter urging President Joe Biden’s administration to act. Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., were among several lawmakers who wrote to President Joe Biden about the risk student […]
People in their 50s are often juggling a number of financial responsibilities, from paying for kids’ tuition to caring for elderly parents — on top of saving for their looming retirement. You might feel like your life, retirement savings and finances are set in stone at this age. But this mindset can be one of […]
