Although people have good intentions about how and when to save, left to their own devices, they fall prey to certain biases when making financial decisions. In this article, we’ll address additional obstacles and introduce some solutions to work around these issues. Self-control Even those who have the computational skills to solve the problem and […]
The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes. President Joe Biden is expected to detail his “American Families Plan” and the tax increases to pay for it, […]
Retirement is an exciting milestone to reach, but if you don’t plan for it properly, you could wind up cash-strapped and stressed. A big part of planning wisely, however, is avoiding dangerous myths that could lead you astray. Here three common ones — and how to avoid falling victim to them. 1. You can live on […]
In an effort to ease the national eviction crisis, a new partnership between fintech company Esusu and Goldman Sachs will allow rent payments to count toward credit scores, a result that will help build credit for tenants and incentivize on-time rental payments. The result could be a win-win for tenants and property owners. In an […]
The 4% thumb rule can solve this problem. If you withdraw 4% of your portfolio each year after retirement, the kitty can last you at least 30 years The accumulation phase in retirement planning is essential, but so is the spending phase. What if you spend too much in the initial years and run out […]
Student debt can impact so many aspects of a person’s life, from the careers they pursue to if and when they’re able to purchase a home. So it’s no wonder that a lot of people feel stuck in limbo as President Joe Biden and other elected officials debate the subject of student loan forgiveness. CNBC has received hundreds […]
You may have heard that you should have three to six months’ worth of essential living expenses saved in case of emergency. It’s sound guidance — but it might be the last thing you want to hear after a year marked by emergencies. For many of us, 2020 tested our health, safety, bravery and basic […]
The IRS, which earlier this month extended its deadline for filing income taxes, also postponed the deadline for individual retirement account contributions to May 17. The extra month could help those trying to reach their retirement planning goals if they have yet to hit their IRA contribution limits for 2020. “We have a lot of […]
Retiring early isn’t all it’s cracked up to be. Sure, you get to spend your days doing more of what you enjoy rather than watching the clock at your 9-to-5 job. But you’re also exposing yourself to a lot more financial risk because your savings will have to last you even longer. That’s not to […]
Americans are looking to finally get out and about this summer, and interest in well-known and new emerging getaway spots is rising along with temperatures, according to travel companies. Online travel guidance platform Tripadvisor says 67% of Americans plan to travel from June through August, a 17% jump over spring (March to May). A plurality […]
The IRS may start issuing monthly payments of the enhanced child tax credit as soon as July. But some recipients may have to pay back a portion of those funds at tax time next year. The American Rescue Plan directed the federal government to issue advance payments of the child tax credit in periodic installments. […]
Maybe your goal is to retire with $1 million to your name. Or maybe you want to reach that milestone a lot sooner — say, by age 40, or 45. It’s no secret that to accumulate wealth, you’ll need to spend less than you earn and bank the difference. But saving money isn’t enough. You’ll […]
