You’ve heard the whispers and warnings of a possible stock market bubble, and you’re spooked. You just survived a big drop in your portfolio’s value back in March, and you’re not ready to go through it again. Is it time to cut your losses and get out, ahead of another crash? A stock market bubble […]
If you want to make your retirement savings last even longer, it could be worth moving to a state that won’t tax your retirement distributions. There are 12 states that won’t tax your distributions from 401(k) plans, IRAs or pensions, according to a recent report from AARP. Of those states, nine — Alaska, Florida, Nevada, […]
The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero for as long as it takes until the economy starts to recover from the coronavirus crisis. In addition to holding rates near rock bottom, the central bank also said it will extend its lending and credit initiatives until at least the […]
As our country wrestles with new coronavirus outbreaks, the economy continues its downward slump. This week’s announcement from the Federal Reserve was bad news for savers—who may already be antsy about low interest rates and where to stash their cash, according to a new Bloomberg report. While millions of Americans have suffered from job loss, […]
A 401(k) plan is a great tool to save for retirement if your employer offers one. After all, investing in one is easy since the money is taken out of your paycheck directly. And you get to save with pre-tax dollars, which makes it much more affordable to put money into your account. Your employer […]
It’s easy to put off saving for college, especially during a pandemic. Financial uncertainty may have you concerned, or you are just trying to get by day-to-day. In fact, 16% of parents saving for college paused their contributions to their 529 college savings plan because of financial concerns related to Covid-19, according to a survey […]
You don’t need to be an actuary to predict that for married couples, there will come a time when one spouse will be aging alone. You can see insights on key differences between how men and women experience widowhood in a recent report from the Stanford Center on Longevity (SCL), published in The Journal of […]
If it passes, the HEALS Act could offer a $1,200 stimulus check along with other benefits. Here are the other incentives proposed to offset the worst financial effects of the coronavirus crisis. A tax-free stimulus check of up to $1,200 is enticing for anyone, but the next coronavirus relief bill — whatever it’s called — […]
Building a hefty nest egg for retirement is essential. Most people have to invest in the stock market to achieve this objective because otherwise it’s too hard to earn a reasonable rate of return. But while investing in stocks has historically been proven to be the best way to build your wealth, it’s not without […]
The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero for as long as it takes until the economy starts to recover from the coronavirus crisis. In addition to holding rates near rock bottom, the central bank also said it will extend its lending and credit initiatives until at least the […]
Saving for retirement is tough, and once you reach retirement age you may think the hard part is over. However, you have one more challenge — making sure your savings last as long as possible. Regardless of how much you have saved for retirement, it won’t matter unless you manage your spending appropriately. If you […]
Everybody knows they should be saving for the future and investing their savings so the money grows into a plump nest egg in time for retirement. Likewise, we know we should have a rainy-day fund, too, even if millions of Americans who, either out of necessity or sheer carelessness, live paycheck to paycheck. But consider […]
