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 […]
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 […]
For a long time, becoming a millionaire has been synonymous with becoming wealthy. While $1 million doesn’t go nearly as far as it used to, it’s still a generous sum that can help set you up for a secure retirement. But saving so much money may seem like a pipe dream for many, especially for […]
Though the COVID-19 crisis has wrecked the U.S. economy on the whole, small businesses have taken an exceptionally hard hit. Many were forced to close their doors earlier on in the year, when much of the country was on lockdown, and some might never recover from those weeks of lost revenue. Thankfully, small businesses did […]
It’s a sad fact of life that many people develop age-related ailments and need more medical care as they get older. Even if you stay healthy, visiting the doctor and taking medications as prescribed may be key reasons for that good health. Unfortunately, because your medical care needs may increase as you age, you’ll likely […]
The COVID-19 pandemic has had a profound financial impact across America, and retirees aren’t immune to its consequences. In fact, as many as one-in-four retirees have indicated COVID-19 may force them to start working for a paycheck again. If you’re one of the seniors considering returning to work, it’s important to realize that this decision […]
FOR MANY AMERICANS who’ve lost work during the coronavirus pandemic, the $600 weekly unemployment insurance boost has been a lifeline. Tens of millions of Americans, perhaps more than 20 million, are tapping unemployment benefits, according to some estimates. And for many of them, that extra $600 makes a significant difference in the amount of money […]
