People have all sorts of advice on saving, and when doling it out, money experts often overlook those living paycheck to paycheck. I saw one of these experts on television recently saying people should have three separate savings accounts for their home expenses—one each for appliances, furniture and home repairs. These in addition to your […]
Looking to stretch your dollars further? With a few savvy strategies, saving money can be simple and even enjoyable! Whether you’re dreaming of a vacation, planning holiday celebrations or trying to keep grocery bills down, smart spending habits can help you achieve more without straining your budget. From finding travel deals to scoring seasonal savings […]
Big changes are just a few weeks away. The 401(k) is a go-to account for workers to build their retirement savings, and the IRS has just announced updates that could shake things up in 2025. On Nov. 1, the 2025 contribution limits were unveiled — and they are bigger than ever. Plus, there are a […]
There’s a benefit to saving for retirement in a 401(k) over an IRA. With a 401(k), you get the ability to contribute a much larger sum each year. And if you’re lucky, a workplace match could put more money into your retirement plan. The contribution limits for 401(k) plans can change from one year to […]
The average American worker begins saving for retirement around age 28, according to a recent Voya Financial survey, but the majority wish they’d started earlier. This is understandable. The sooner you begin saving for retirement, the less of your own money you’ll likely have to contribute because you’ll have more investment earnings. Many workers reach […]
By some estimates, almost half of US private sector workers — close to 57 million people, according to AARP — do not have access to a retirement plan at their jobs. That’s either because their company doesn’t offer one or because they don’t qualify to participate in an employer’s existing plan. That is just one […]
Gen X tends to fly under the radar when it comes to talking about finances. However, the generation has been reported to have little to no savings — for retirement or otherwise. GoBankingRates wanted to hear from Gen Xers about why some people their age have no savings and also from experts about what can […]
The Social Security Administration (SSA) addresses widespread misinformation about a supposed $600 increase in Social Security benefits. This section delves deeper into the implications of these false claims and how they have affected the SSA and its beneficiaries. There has been a false rumour confusing Social Security recipients. Some have claimed to receive a $600 […]
When it comes to savings accounts, it seems like all anyone talks about these days is their annual percentage yields (APYs). This isn’t that surprising, because the APY dictates how much interest you earn on your funds. But here’s a secret no one tells you: Finding the highest possible rate really isn’t worth your time. Here’s why I […]
FIRST ON FOX: Michael Lucci, CEO of State Armor – a global security watchdog group – issued a cautionary letter to governors and state fiscal leaders, urging them to reconsider investments in China-based companies due to heightened geopolitical risks and the likelihood of increased U.S. restrictions. “In addition, the Chinese Communist Party’s (CCP’s) extensive control […]
A bipartisan bill to change Social Security benefit rules for pensioners passed in the House of Representatives on Tuesday, with 327 lawmakers voting to support the measure. Now, the proposal heads to the Senate, where the chamber’s version of the bill has 62 co-sponsors, “surpassing the majority needed to pass the bill on the U.S. […]
When it comes to retirement savings, residents of one state are leading the pack: Massachusetts. The average household retirement savings balance in Massachusetts is $448,500, according to an October study by DepositAccounts. That’s the largest amount out of all the states reviewed in the study. The personal finance site analyzed data from the U.S. Census […]
