While Americans know they need to save for retirement, many are still coming up short. More than half of U.S. workers between the ages of 40 and 73 have less than $50,000 set aside for their golden years, a survey from the Insured Retirement Institute found. Nearly 6 in 10 save less than 10% of their income. To actually […]
Category: Personal Finance
How saving $16 a day could help you become a Roth IRA millionaire by the time you’re 65
SAVING up enough money for retirement could be challenging for some – but it can be done if you contribute a little each day. To retire comfortably, many think they’ll need to become at least a millionaire by the time they stop working. For some, this might seem overwhelming – especially to those who are […]
Five ways to improve your credit score if it’s under 700 points
HAVING a poor credit score can be difficult for many reasons – but know there are a few smart actions you can take to improve it. To wit, a poor credit rating makes it tougher to borrow. This could affect your next car loan or mortgage. While you may get approved on a loan, a […]
ConsumerDirect: 5 Creative Ways to Add Points to Your Credit Score Few People Know About
When it comes to adding points to your credit score, how do you cut through the clutter of the obvious ways everyone talks about and find easy, unique and effective ways to add points? David Coulter is Founder and CEO of ConsumerDirect, the makers of ScoreMaster.com. Coulter brings a unique and informed perspective on the credit industry. Leveraging product […]
Nearing retirement age? Think about catch-up contributions, health care, where you’ll live
Financial decisions you make throughout your life can shape your retirement. In an ideal world, you’ll start saving early for your later years and have a hefty nest egg by the time you’re ready to leave the workforce. Unfortunately, that’s not the reality for many people. The good news is that no matter how close […]
Sorry to Say: You Probably Shouldn’t Claim Social Security at 62
When you reach age 62, you hit an important milestone: You can start collecting your Social Security retirement benefits. Unfortunately, just because you can file for your checks doesn’t necessarily mean you should. In fact, chances are good claiming at 62 would be the wrong financial move for you. Here are a few reasons why. […]
Expert Tips and Tricks For Saving Money This Wedding Season
With wedding planning in full force—Google searches for “weddings” have been increasing since February 2021— it’s no secret that planning, and attending, a wedding can get absurdly expensive. Fortunately, you can still plan the wedding of your dreams without breaking the bank. Plus, you’ve already met your Prince Charming, so that’s pretty magical, too. We […]
Are Americans Right About How Much Retirement Savings They’ll Need?
How much money do Americans think they’ll need saved for retirement? According to a recent survey conducted by Charles Schwab, the magic number is $1.9 million. That’s the average amount survey respondents said was necessary before leaving the workforce. The big question is: Are they right? Is $1.9 million a good retirement savings target? A nest egg of […]
Where to turn when a natural disaster upends your finances
Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster. Deal with immediate needs first First things first: Contact the Federal […]
Kiplinger’s Personal Finance: Tackle your debt before retirement
Adults today are nearing and entering retirement with more debt than previous generations. Americans ages 50 to 59 had $3.4 trillion in debt in 2021’s first quarter, twice as much as 20 years ago after adjusting for inflation, according to data from the New York Fed Consumer Credit Panel and Equifax. For people 60 and […]
Mark Cuban’s 3 Best Pieces of Financial Advice
Legendary investor Mark Cuban knows a thing or two about money. Here are some of his top tips. Mark Cuban wasn’t born rich. In fact, before he became a billionaire, he struggled to keep up with his bills and had to juggle different jobs just to stay afloat. Given his success as a business owner […]
Here’s why it’s smart to start saving for retirement when you’re in your 20s
When you’re in your 20s, retirement saving may not be the first goal on your financial checklist — if you even have one. Yet starting to save for retirement as early as possible can set you up for success in the long-term. “It’s totally understandable, because it’s tough when you get your first job; it’s […]