Bill Bengen first devised the 4% retirement rule in 1994. Since then, retirees have relied on this rule to help determine how much they should spend in retirement. The rule is relatively simple. You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In later years, […]
In the wake of last week’s crypto crash, which drew the attention of regulators and government officials, a group of Republicans in Congress today introduced a bill that would “protect” investors’ ability to add Bitcoin to 401(k) retirement plans. The bill, the House companion of the Financial Freedom Act of 2022, was introduced by Rep. […]
Saving money can be difficult, but it’s important to start somewhere. You need to be resourceful to make saving money a fulfilling endeavor. These six simple money management tips can help you get started on the right track. 1. Make a Budget and Stick to it The first step to saving money is knowing where […]
Bill Bengen first devised the 4% retirement rule in 1994. Since then, retirees have relied on this rule to help determine how much they should spend in retirement. The rule is relatively simple. You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In later years, […]
So much financial advice is centered on building up your nest egg for retirement, but it feels like so little is focused on helping you manage that money, whether you’re retiring early or on schedule. But properly managing your money in retirement is critical to ensuring that your nest egg is able to see you through your […]
Entering retirement marks a major shift from being active in the workforce to relying on your investments to keep you afloat. In times of such extreme market volatility, you might be thinking now is not the right time to go through with such a monumental change. But experts say you shouldn’t let a down market […]
Typically buying a house or a condo has been one of the best ways to build personal wealth, but sky-high real estate prices in Seattle has taken that rule and thrown it out the window. What used to be the price for a fancy house is now just a fraction of what sellers are asking. […]
As stock prices tumble, it can be a nerve-wracking time to be an investor. The S&P 500 has fallen by nearly 16% since the beginning of the year, inching its way toward bear market territory. Some experts believe the market will fall even further before it begins to recover, and watching your investments drop in value can […]
When it comes to retirement accounts, your three primary options are the 401(k), the Roth IRA, and the traditional IRA. A 401(k) plan is the most common because it’s offered through many employers, but ideally, it shouldn’t be your only retirement account. A 401(k) is good because you contribute pre-tax money and it lowers your […]
The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it’s mulling over deeper involvement with decentralized finance (DeFi) yield farming. The Fairfax County Police Pension System’s chief investment officer Katherine Molnar said on Tuesday at the Milken Institute Global Conference that the system […]
TOLEDO — Believe it or not, some consumers are even calling the Better Business Bureau to complain about the high gas prices. We can’t help, but Craig Johnson, writing on the internet for money expert Clark Howard, recently gave out seven ways consumers can save money at the pump. Here are his tips: 1) Monday […]
It’s a dangerous one to make. One of the trickiest things about planning for retirement is that it’s hard to estimate your living costs years in advance. Imagine you’re in your 30s and are trying to get a handle on what retirement might cost you. At this point, you might be 35 to 40 years […]
