Ryan Scribner started his YouTube channel in 2016 by talking to a camera that he attached to the steering wheel of his car. Today, Scribner is a popular YouTube creator with 623,000 subscribers. He now treats his channel as a full-time job, sharing tips on the best investing apps and stock market advice with his […]
It’s a question on the minds of those in retirement or nearing retirement. How much of your nest egg can you spend each year without running out of money in retirement? In 1994, financial advisor William Bengen published a paper that answered this very question. His paper—Determining Withdrawal Rates Using Historical Data—was published in the […]
Facing devastating financial losses related to the coronavirus pandemic, colleges and universities are cutting costs just about everywhere they can. Increasingly, that includes faculty and staff retirement benefits. Duke, Georgetown, Northwestern and Texas Christian Universities are some of the institutions to announce cuts to retirement contributions in recent days. Some of these decisions have been […]
MORE THAN 36 MILLION Americans have filed for unemployment benefits since mid-March. While the government is providing a $600 per week boost to the benefits of eligible workers, that extra money only lasts until July 31. Plus, it may not be enough to bridge the gap for some workers. Even if unemployment benefits can cover […]
Let’s face it: The COVID-19 crisis has been raging for two months now, and while some states are taking steps to open up, the economy is still in terrible shape. Not only are unemployment levels at an all-time high, but Americans whose jobs have held steady are increasingly worried about getting laid off. As such, […]
As part of the House bill passed on Friday to deliver relief to a battered economy, people with student debt would get some more elbow room. The U.S. Department of Education has already announced that due to the pandemic, federal student loan borrowers don’t need to make payments on their loans until at least October. […]
Millions of people want a better idea of how to handle their money. Personal finance experts have lots of tips and info on managing your money, from sticking to a budget to avoiding credit cards. But is the advice out there always the right advice for you? Maybe not. Maybe a budget isn’t strictly necessary. […]
Let’s face it: The COVID-19 crisis has been raging for two months now, and while some states are taking steps to open up, the economy is still in terrible shape. Not only are unemployment levels at an all-time high, but Americans whose jobs have held steady are increasingly worried about getting laid off. As such, […]
Millions of Americans have put a temporary pause on making their monthly mortgage payments – but a new report shows that many of them may not have necessarily needed to. Only about five percent of homeowners that were approved for a forbearance agreement actually needed one, according to data from LendingTree. This group of people […]
Are you ready to retire? You might be looking forward to saying goodbye to the 40-hour work week, but financial readiness is a different thing. In truth, living without a paycheck requires more than some money in the bank and the ability to cash Social Security checks. You also need to have the right financial […]
Retirees who feel their Social Security benefits aren’t stretching as far as they used to aren’t imagining it. Retiree costs are going up at a rapid clip, and Social Security cost-of-living adjustments are not keeping up with those growing expenses, according to a recent report from The Senior Citizens League, a nonpartisan senior advocacy group. […]
As part of the House bill passed on Friday to deliver relief to a battered economy, people with student debt would get some more elbow room. The U.S. Department of Education has already announced that due to the pandemic, federal student loan borrowers don’t need to make payments on their loans until at least October. […]
