ARE you saving enough for a secure retirement? If you are still grappling to answer that, or think you are too young to worry about post-retirement, you may want to relook at your choices. This is also to avoid nightmares when you run out of money in your golden years. The Covid-19 pandemic has not […]
The Mega Millions jackpot has surged higher. After no ticket matched all six numbers drawn on Friday, the top prize is now $432 million for the next drawing on Tuesday night. Powerball’s jackpot is at $384 million for Saturday night’s drawing. While the chance of a single ticket matching all six numbers in either game […]
How much are you saving for retirement? Experts recommend socking away at least 10% of your salary, but a recent report from the Plan Sponsor Council of America (PSCA) suggests many Americans are short of that benchmark. The PSCA, which helps employers manage their retirement plans, concludes that the average American worker contributes just 7.6% […]
Preparing for retirement is becoming more difficult for millions of Americans. Many workers don’t have access to a pension, increased costs of living are making retirement more expensive than ever, and student loans and other forms of debt are making it harder to save. For those reasons, many retirees are falling back on Social Security […]
Whether or not you’re a believer in New Year’s resolutions, the beginning of the year is the perfect opportunity to look at your goals in a fresh new light. If you’re saving for retirement, 2021 may be your year to get your savings back on track. Even if your financial situation hasn’t changed since 2020, […]
We all have our share of New Year’s resolutions we want to keep during 2021 — shed some pounds, get into a solid exercise routine, and, of course, save money. But while you’ll need to watch your diet continuously and keep up with your fitness regimen to achieve the first two, a few key moves in January […]
What if Aristotle were your financial professional? Once you got past replacing your laptop with a stone tablet, a noticeable lack of air conditioning, and trading in your shoes for sandals, perhaps you could visualize the possibility. Now can you imagine what this ancient Greek philosopher would say about such things as Social Security, 401(k) […]
There are a lot of scary retirement charts that tell you how much you should have saved for retirement. One commonly cited figure by Fidelity Investments says that by the time you’re 40, you should have three times your annual income set aside. But let’s face it: That number is laughably unrealistic for a lot […]
The coronavirus pandemic has upended many aspects of life for people throughout the U.S. – and tax season may also be an unusual one for some filers. 2020 tax returns are due by Thursday, April 15, 2021. Many workers may be faced, however, with different circumstances this year if they opted to work remotely in a state other than […]
According to Plan Sponsor Council of America, 11.5% of small companies suspended or reduced their employer match in 2020. That’s just another bad milestone for a year that brought a pandemic, social unrest, and massive unemployment. But as the year comes to a close, there’s some good news. A new survey by global-advisory firm Willis […]
In the course of your retirement planning, you may make certain assumptions — that you’ll be able to work until a certain age or that your investments will grow in a certain manner, for example. But there are a few assumptions you really can’t bank on. Buying into the following beliefs could leave you cash-strapped […]
What are we supposed to learn from this hellish year financially? It beats me, to be honest. To suggest that there are money lessons from 2020 implies that its events were logical or within our control, disasters we could have budgeted for. Personally, I want to throttle anyone who says the pandemic should teach people […]
