For many people, having to spend lots of time at home can highlight the flaws in their living situations. Either we need to do a bit of remodeling to bring things up to date or we need some maintenance to keep things running smoothly. Judging by the amount we’re spending on home maintenance and remodeling, […]
As if you don’t have enough to worry about, some retirement advisors are cautioning the famous “4% Rule” no longer works. Those Doubting Thomases say if you withdraw 4% of your savings each year, then add a percentage equal to inflation yearly after the first year, your retirement savings will not last the 30 years […]
Reaching retirement and finding out you don’t have enough money can be devastating. You don’t want to take too much out of your retirement accounts too fast and jeopardize the chances of your money lasting for life. And to make sure that doesn’t happen, you may need to make some pretty drastic lifestyle changes. If […]
Buying a home is the single biggest purchase many families ever make. And in today’s overheated housing market, with sale prices skyrocketing and some buyers coming to the table with all-cash offers, landing a home is no easy task. It’s a reality that can make saving the money for such a purchase even more challenging. […]
It sounds morbid, but when you’re shopping for a life insurance policy, insurers want to know the answer to one question: What’s your life expectancy? That’s because life insurers take on a financial risk by covering you. The higher the chance of an insurer having to pay out your policy, the more you’ll pay — […]
If you’re gearing up to retire in 2022, you may be growing increasingly excited about that prospect by the day. But the decisions you make early on in retirement could determine how financially secure you are throughout your senior years. And you’ll definitely want to make sure to steer clear of these mistakes. The choices […]
While it is common knowledge that a personal loan or credit card can affect your credit score, many people don’t realise that their telecommunications services, such as mobile phone plans and internet provider contracts, can also have an impact. Although telecom and utility service providers aren’t licensed credit providers, they do affect your credit score […]
Editor’s Note: This story originally appeared on The Penny Hoarder. If you’re feeling shaky about your retirement savings, you’re not alone. According to a February 2021 research report by the National Institute on Retirement Security, 56% of respondents said they’re worried about achieving a financially secure retirement. If your savings fell short in 2021, the […]
STARTING up a savings habit is a great way to take control of your finances, and will be a new year’s resolution for thousands of people. But making common money saving mistakes can seriously set you back. When it comes to setting money aside, slow and steady is often a better approach than trying to […]
An overwhelming majority of retirement savers believe they are on track to retire comfortably, according to a new national poll conducted by Kiplinger in partnership with money management firm Personal Capital. Some 40% of savers are very confident that they’re on track for a comfortable retirement, and 44% are somewhat confident. The poll, conducted in […]
When it comes to required minimum distributions, there are plenty of ways to make mistakes. This year, the chore may seem even more confusing than usual. After being waived for 2020, those RMDs — amounts you must take each year from most retirement accounts once you reach a certain age — are again in force […]
Social Security has long been the backbone of American retirement, and many working Americans look forward to the day they can sit back and enjoy collecting a Social Security check. But Social Security was never meant to fund 100% of retirement expenses, and in the future, it may fund much less. The most recent report […]
