Workplace retirement plans often are not helping participants avoid social environmental, social, and governance, or ESG, risks, warns a report from Morningstar’s newly created Center for Retirement and Policy Studies released Tuesday. U.S. retirement plans offer investment options that are more likely to have higher ESG riscompared with the overall distribution of ESG risk in […]
Millions of older workers left the labor force as the pandemic began, but few have indicated that this move was permanent. The Washington Post stated that most have yet to tap their Social Security benefits, saying in surveys that they may reenter the workforce after COVID fades, or they may wait for better pay or […]
U.S. investors may be puzzled by the US Department of Labor’s (DOL) view on private equity and retirement planning. In December, the DOL released a clarifying statement that was seen by some observers as an attempt to backtrack on the previous administration’s stance on private equity investments in 401(k) plans. An information letter sent in the summer of 2020 said […]
If the stock market’s volatility is worrying you because you’re edging closer to retirement, it may be time to reevaluate your portfolio. One of the big risks you can face as a new retiree is a persisting market downturn just as you need to start tapping your savings. Because research shows the long-term harm this […]
Here’s how you can make sure you aren’t one of them. If your investment account runs dry while you’re still relying on it, you could be in a very bad position. Often, by the time this happens, it’s far too late to return to the workforce and earn income. And living on Social Security alone […]
ATLANTA — Georgia would exempt up to $35,000 a year in military retirement income from state income tax under a bill passed Monday by the state House. Representatives voted 161-0 for House Bill 1064, under which the state is projected to forgo an estimated $55 million to $60 million in taxes annually. The measure moves […]
The FIRE (financial independence, retire early) movement has gained increased exposure over the years as more and more people become drawn to the idea of having enough money to grant them the freedom to spend their time as they wish, without being at the mercy of a paycheck and employer. But the movement also has […]
Employers with 401(k)-type plans already do a lot to help their workers accumulate money for retirement. What if they also helped them manage withdrawals better, with an eye on maximizing Social Security benefits? That’s the gist of an idea that’s making its way around academic circles: Older workers and especially retirees could withdraw money from […]
Being wise with your money and using money saving tips allows you to create a solid plan for alleviating financial stress. It also makes sure you have enough money stored away for retirement, as well as any other unexpected expenses or life obstacles that pop up. Personal finance unfortunately isn’t taught in school, and so […]
Do you want to spend some time traveling across the world? Or just go on a fantastic vacation? There’s a common misconception that traveling is a costly pastime. Don’t worry, we understand where that’s coming from. You don’t necessarily have to be wealthy to travel, but you will need to be resourceful in your budgeting. […]
Some couples mutually decide that they want to have a one-income household. But for others, the decision is made for them. The COVID-19 pandemic has left many in this situation, especially at its outset, when companies folded and jobs in hard-hit industries disappeared. And with schools and day cares closing so frequently, many couples may […]
Did you know that smart home devices can save you money? Despite the upfront costs of raising your home’s IQ, many of the best smart home devices can actually help you cut down your utilities bills. Some can even help reduce damage in case of floods or other unexpected disasters, saving you even more. You […]
