We all get sentimental from time to time, but unless you hit the lottery or found true love, you probably won’t be looking back on 2021 all too fondly. The COVID-19 pandemic is still with us, inflation is rising, and ABBA, inexplicably, dropped a new album. Although everyone’s retirement is different, 2022 is going to have some […]
Coming off several years of outsized gains in the stock market, investors may be hoping 2022 is like deja vu again. Don’t count on it. While future performance is impossible to predict with certainty, many financial advisors expect returns will come back down to Earth. “We have been telling clients to expect a lackluster year […]
Even in a bad economy, it’s possible to negotiate a raise. Have you been asked to cover another employee’s duties because your company downsized? Have you been putting in extra hours to help your department meet its goals? Has your company benefited from your stellar performance? Then it may be time to ask for a […]
2021 was a banner year for cryptocurrency, with digital tokens, such as bitcoin and dogecoin, hitting all-time highs and making millionaires of investors. The overall crypto market briefly surpassed $3 trillion in value and the growing popularity of digital assets like nonfungible tokens, or NFTs, helped bring the once-niche technology to the mainstream. While tokens […]
Have you hit your retirement savings goal ahead of schedule? If so, it may be time to protect that nest egg by unloading some stocks. The idea is to reduce investment risk and preserve savings. Stocks are an important building block in a retirement portfolio: They yield higher returns, on average, than “safer” types of […]
It’s been a record year for the cryptocurrency market, which surpassed $3 trillion in value in November. Top cryptocurrencies like bitcoin and ether also hit all-time highs. This mainstream adoption led to an increased focus on cryptocurrency regulation from lawmakers. Throughout the year, they debated framework on investor protections, taxes and more. Because of this, […]
A growing percentage of U.S. companies are offering Roth 401(k) plans to their employees in a rapidly changing retirement plan landscape that has been impacted by everything from federal legislation to the COVID-19 pandemic. The share of 401(k) plans that offer the Roth option increased to 86% in 2020, CNBC reported, citing a new survey […]
While young people might have a variety of financial goals, such as buying a car or saving for a house, experts agree that thinking about retirement early should also be a priority. And the earlier you start, the easier it could be for you to become a millionaire. All it takes is investing $1,000 per […]
The end of the year is an opportune time to review one’s financial situation and retirement portfolio. It is one resolution that financial experts advise all individuals to adhere to, and this can lead to achieving financial freedom within the desired time frame. Anup Bansal, chief investment officer, Scripbox, said, “One can start with a […]
The share of employers allowing Roth 401(k) savings surged last year, giving more workers access to the financial benefits that accompany such contributions. A Roth is a type of after-tax account. Workers pay taxes up front on 401(k) savings, but investment growth and account withdrawals in retirement are tax-free. This differs from traditional pre-tax savings, […]
Thirty percent of workers under 40 believe they can live on just 60% of their pre-retirement income, according to the recent Goldman Sachs Retirement Survey & Insights Report. GenX had a somewhat more realistic view of their post-retirement needs, saying they expected to need roughly 80% of their current salary to live. Even so, workers […]
What does early retirement mean to you? Does it mean leaving your career behind in your mid-50s? Late 50s? Early 60s? No matter what retirement age you’re targeting, you should know that it is possible to meet your goal, even if you’re an average earner. But retiring early also requires a lot of careful planning, as well […]
