A 2021 survey from insurer MassMutual reports that 26% of Americans had planned on making a financial resolution in the new year. A smaller percentage will focus their financial resolutions on investing specifically. If you’re in that second group, here are five investing resolutions to help you create a richer, happier future. 1. Document or […]
For a lot of people, the dawn of a new year feels like hitting the reset button — and when it comes to saving for retirement, it actually is. On Jan. 1, we all start at $0 in annual IRA contributions, and we have the whole year to contribute up to the limit. In 2022, […]
(Bloomberg) –The surge in U.S. retirements during the Covid-19 pandemic was led by older White women without a college education, according to research by the St. Louis Federal Reserve. The so-called Great Retirement trend that saw workers leave the labor market — whether forced or by choice — was driven by baby boomers aged 65 […]
It’s likely you’ve spoken with your spouse about managing finances before you said your “I do’s,” yet there’s a good chance you left a big topic off the table, given it may not have been top of mind at the time — and that’s retirement. You and your partner’s golden years may be decades away, […]
If you’re kicking off 2022 with a raise, you’re in a better position than those who aren’t seeing their pay go up. Unfortunately though, that doesn’t necessarily mean you’re all set financially. It’s common practice for companies to give out a uniform cost-of-living raise to employees so they’re able to retain their buying power as […]
There are quite a few misconceptions when it comes to working with a financial planner. For one, you might think that financial planners only work with the rich. Or, you may expect that they’re just developing investment strategies for clients. However, financial planners are actually versatile in their offerings and, no, you don’t already need […]
Given that the future is always uncertain, planning for it can seem a little daunting. Or worse, something you can keep putting off indefinitely. However, this is all valuable time that could be spent shoring up your financial situation to help plan for your retirement. For anyone who’s been kicking the retirement can down the […]
Becoming wealthy and knowing you can support yourself and your loved ones can provide you with peace of mind and security. But getting rich is about more than just earning a lot of money. If you hope to build wealth, think and act like rich people do when it comes to managing your finances. The […]
The start of a new year is an opportune time for investors to evaluate their retirement savings strategy and make updates if necessary. Making the most of your retirement contributions today will allow you to spend more in retirement or retire sooner if you choose. As you look at your retirement strategy, consider these five […]
Delaying retirement can be a major sacrifice, especially if you’re eager to leave behind the working world and start enjoying a life of leisure as a senior. But it’s also a sacrifice worth making in many cases. There are five huge benefits of putting off your departure from your job, all of which should be […]
Most consumers want to increase their credit scores, and they cite several reasons for their interest in doing so. Thirty-four percent of consumers cite a lower interest rate as the most important reason for being interested in improving their credit scores, according to The New Credit Model, a PYMNTS and Sezzle collaboration that surveyed 7,024 […]
Right now, inflation is top of mind for everyone, perhaps especially retirees. Inflation is important. But it is only one of the risks that retirees have to plan for and manage. And like the other risks you have to manage, you can build an income plan so that rising costs (both actual and feared) do […]
