We’re a few days away from this year’s tax deadline on July 15th. It’s also the deadline to make contributions to an IRA for 2019. Contributing to a Roth IRA can be particularly beneficial. (If your income is too high to contribute to a Roth IRA, check out this back-door method to get around the […]
If the IRS has still not sent you your stimulus check either in the mail or through direct deposit, the federal agency has a tracking app called Get My Payment that will help you find the status of your economic impact payment. The online portal will show you the status and amount of your stimulus […]
There’s no such things as the perfect age to sign up for Social Security. You get an eight-year window to claim benefits that begins at 62 and ends at 70, financially speaking, and each age within that window has its pros and cons. Now it just so happens that 62 is the most popular age […]
As the coronavirus pandemic continues to take its toll on the economy, another Congressional relief package is expected to be approved by the end of July. The details on exactly when a new economic impact payment will happen this year, who will qualify for a second stimulus check and how much you might get won’t […]
Social Security isn’t designed to sustain retirees without other income. Those benefits pay the average senior around $1,500 a month, or $18,000 a year, and for many older Americans, that’s not enough income. It’s for this reason that workers today are encouraged to save independently for retirement, and when we think about doing that, we […]
Prepare for some serious trading FOMO, courtesy of Reddit’s “WallStreetBets” community. If his detailed story is to be believed, the user, who identifies as “Mori226” on the popular social-media platform, has had a spectacular run during the coronavirus pandemic, and he walked his fellow traders on Reddit through every step of his journey. “I cracked […]
It’s important to establish goals, whether they be career-related, personal, or financial. But many Americans struggle with defining their goals, especially when it comes to their money. For example, do you know how much money you should have saved up? It can be difficult to conjure up an answer — especially given that there are many […]
You’ve got a workplace retirement plan. Fabulous! But there’s plenty your employer likely isn’t telling you — or doing for you —that’s costing you money. Here’s how your employer might be letting you down: We probably set you up to leave money on the table. Most workplace plans offer an employer-matching contribution, based on some sort […]
Mortgage rates are at historic lows, so it could be a good time to buy a home. But you may be wondering whether there is a downside to low rates. In short — nope, there’s no catch. A low APR can save you thousands over the life of your loan. Granted, you’ll pay fees when […]
As a retiree, your main financial goal should be to generate enough income through sources like Social Security, savings, and investments to keep up with your living expenses — preferably without eating too heavily into your assets. (Hence, for example, the popularity of strategies like the 4% Rule.) In fact, having a portfolio of assets […]
You’ve had it planned for decades: 2020 was supposed to be the year you left the workforce for good to embark upon whatever adventures you anticipated in retirement. And then, 2020 arrived, bringing one jarring event after another. The pandemic shut down our country and brought about a market downturn it could take years to […]
With coronavirus cases spiking across the country and the U.S. officially in a recession, it’s more important now than ever to make sure you have health insurance to protect yourself and your loved ones. Unfortunately, with millions of Americans left unemployed due to COVID-19-related closures and with many others struggling financially, far too many people […]
