Spending can be a whole lot more enjoyable than saving. But when life throws a nasty curveball and you wind up in the hospital or your car dies on the interstate, you’ll definitely want a financial cushion to fall back on. At the most basic level, savings enable you and your family to enjoy the […]
It’s the bane of some older Americans. Once they hit a certain age, the government makes them take money out of their retirement accounts, even if they don’t need the cash. That is changing, albeit slowly. The recently passed Secure Act raises the age for when those required minimum withdrawals must begin — to 72 […]
The crypto industry is evolving into a decentralized financial landscape. This builds upon Satoshi’s original vision of becoming bankless, and some digital assets are yielding bank busting interest rates. DEFI IS THE FUTURE OF CRYPTO Banks are in trouble and that much is a fact. Global debt is escalating and commercial banks are feeding it […]
Retirement can seem very far away when you’re young. Unfortunately, because of this, many people who are just starting out don’t save enough for it. Saving too little early on can make it much harder to catch up later as you lose out on years of compound interest. That’s likely why so many older Americans […]
Just as we fill up on empty calories throughout the day, we load our shopping carts full of useless junk. Some days, to be sure, we do better than others. But what if a savings tool could keep our head in the game — and our money in our bank accounts — just a bit […]
How you ask a question has a huge impact on the answer. This truth is already widely known in fields other than retirement finance, of course. A famous example comes from Dan Ariely, a professor psychology and behavioral economics at Duke University: Participation in organ donation programs varies widely according to how the question is […]
Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory agenda are pushing more fraudsters to bilk unsuspecting investors. State and federal authorities uncovered 60 alleged Ponzi schemes last year with a total of $3.25 billion in investor funds — […]
What’s more stressful than the first conversation you ever have with your significant other about money? The moment when you realize it’s just not working out. You weren’t married, but you might as well been. You shared rent, utilities, maybe a bank account. If you didn’t live together, you shared a family phone plan, or […]
Most workers have an age in mind for when they would be willing to call it quits. But the traditional retirement age — 65 — could be changing. Research by Transamerica Center for Retirement Studies and the Aegon Center for Longevity and Retirement looked at what age workers around the world expect to retire from all-paid […]
Her day job is working on staff pensions, but Karen Ward admits she became a little bit complacent about her own retirement plans. The 58-year-old, who has worked at insurer Aviva for 39 years, said she needed a more open mind about what to do in later life. “I didn’t think about my own [pension]. […]
As student debt continues to climb, President Donald Trump on Monday released a budget for 2021 that would slash many of the programs aimed at helping borrowers. Student loan spending would be cut by $170 billion in Trump’s plan, titled “A Budget for America’s Future.” The reductions include “sensible annual and lifetime loan limits” for […]
Health care continues to get exponentially more expensive as medical therapies advance and people live longer. According to a report by HealthView Services, total lifetime health care costs for a healthy 65-year-old couple retiring this year are projected to be $387,644 in today’s dollars ($572,960 in future dollars). This includes premiums for Medicare Parts B […]
