Millions of high school students across the U.S. will graduate in 2022 with one important course under their belt: personal finance. Recent momentum among states requiring personal finance education in high school means that nearly 1 in 4 students will take such a course before they graduate this year, according to Next Gen Personal Finance’s […]
There are thousands of resources online to learn about personal finance, a staggering amount of financial information, from free courses offered by colleges and education platforms to TikTok influencers and expert newsletters. This can make it hard to identify the best sources on budgeting, saving and investing, but the earlier in life an individual begins […]
If I were to ask how much you’ve saved in your IRA, 401(k) or similar retirement plan, my guess is you could come pretty close to telling me your account’s current balance. But what if I asked you how much you can expect to pay in taxes on that money throughout your retirement? You would […]
If you reach retirement with a significant amount of assets, you’ve done a great job of saving and investing. But now comes another challenge – making that money last. You might think that this task, as important as it is, won’t be as hard as accumulating the money in the first place. Yet, a sizable […]
For every investor, the world has become a hard place. There’s volatility for stocks and bonds. Rising interest rates and inflation. Economic uncertainty from the Russian invasion of Ukraine and the persistent pandemic. But those who are retired, and those who are approaching retirement, are in special circumstances. “It’s kind of a Rubik’s cube of […]
There’s a pervasive myth about credit-card balances and credit scores — and it may be costing you money. Sixty-five percent of Americans think carrying a small balance on their credit card each month will improve their credit score, according to a recent Lending Tree survey. The share is higher among young consumers — 79% of […]
For anyone who’s nearing retirement and watching the stock market nervously, those jitters may mean it’s time to review your portfolio. While stocks over time offer the best opportunity for long-term growth despite periods of volatility, a persisting market downturn heading into retirement can be problematic if you’re tapping those assets for income. Basically, research […]
While it can be exciting to graduate college, it can also be a stressful time because you will be living in the real world. Managing your money is often a big part of how successful you are in the adult world, which is why you should take the time to build strong habits now. Balancing […]
Prices for gas, food and housing have skyrocketed in the last year. Less noticeable, to some, is the rising cost of health care. Medicare, the U.S. government’s national health insurance program for Americans age 65 and over, imposed a 14.5% increase in premiums for Part B (outpatient care coverage) for 2022, a record high and […]
For decades, the goal has been to work hard, earn money and then retire! However, in recent years, the traditional retirement model seems to be changing. So what’s the alternative? More retirees are deciding to slowly leave the workforce by reducing their hours or finding more fulfilling jobs, even if they pay less. This trend […]
When it comes to managing finances, general advice says we should budget out for expenses and save the rest for a rainy day. This money mindset ensures we’ll always have enough cash for the things we need as well as the things that matter to us most. But does this “playing it safe” approach we’ve […]
As a suburban mom with a family to feed, I happen to be a big fan of Costco. And I can say with certainty that shopping there saves my family a lot of money. At the same time, a Costco membership isn’t worth it for everyone. While it only costs $60 a year to join Costco at […]
