A 65-year-old couple retiring this year can expect to spend an average of $315,000 in health-care and medical expenses in their retirement, according to a new estimate by Fidelity Investments. That’s 5% higher than last year’s estimate. While much of the increase this year came from higher Medicare Part B premiums for Americans 65 and […]
Budgeting doesn’t end when you enter into retirement. The length of retirement is unknown and it’s critical that retirees do not run out of money in their later years. Follow these budgeting practices to ensure you are able to transition into retirement and keep your savings in good shape. Determine Monthly Expenses One of the […]
When it comes to retirement planning, earlier is generally better, but several factors affect how much young women are saving, according to financial experts. For retirement planning purposes, the demographic termed “younger women” may include Gen Zers, millennials and some Gen Xers with 20 years or more before leaving the workforce, said New York-based certified […]
As recent graduates begin to enter the workforce, one of the best things they can do is start putting financial plans and goals in place. Part of these plans should be how to approach investing, as well as best practices to follow. If you don’t know where to begin, here are three smart investing moves […]
Trying to decide how much money you need to save for retirement can be stressful for many people. After all, there’s no concrete answer as to how much someone will need; different lifestyles require different amounts. To really be sure you can live financially comfortably in retirement, you should utilize all resources available to you, […]
Former coaching clients Bob and Elise were at their wits’ end. Bob’s retirement from his 30+ year career in advertising was looming. Elise had been volunteering and keeping busy with hobbies, but was ready for a change. Turns out, they weren’t sure what they wanted, and their attempts to come up with a retirement plan […]
Don’t let these surprises trip you up in retirement. Social Security benefits can potentially make or break retirement for many older Americans. In fact, around 1 in 5 baby boomers say that Social Security is their sole source of retirement income, according to a 2020 survey from the Nationwide Retirement Institute. If you plan to […]
Believe it or not, there are ways to improve your car deal even after the ink is dry on the sales contract. While you can’t lower the price of your car, you can usually cancel the extras you might have felt pressured to buy in the finance office. You can also shop for a lower […]
If you’re an investor who’s made an investment mistake, you’re not alone. Even the Oracle of Omaha himself, Warren Buffett, has made purchases that he regrets in one way or another. In an attempt to generate additional income, a retirement account, send our kids to college, or perhaps fund a vacation home, almost all investors […]
With many costs skyrocketing due to inflation and supply chain issues, many of us are feeling that strain on our wallets. We spoke with a financial expert and a couponer for some tips on how you can stay on budget despite rising costs. The first step to staying on budget is making one. “You need […]
There are ways to keep your money safe no matter what the market does. The stock market has taken a tumble recently, officially entering correction territory earlier this month. While many investors might be concerned that this downturn could turn into a full-blown crash, nobody can say for certain whether or not that will happen. […]
It’s good to take a look at the books every once in a while and see where things stand. PYMNTS does this monthly with its analysis of apps, including the one featured here: the latest Provider Ranking of Personal Finance Apps. What did it find? Well, last month’s top three finishers have held onto their positions. […]
