Search the internet, and you’ll see tons of advice highlighting the importance of retirement savings. And it’s all valid. Without savings, you’ll risk struggling financially during your senior years. Social Security pays the average senior today only about $18,000 a year. That’s hardly enough to live comfortably. In fact, those benefits will generally replace around […]
If you don’t believe you’ll need savings of your own going into retirement, consider this: Social Security pays the average recipient today $1,503 a month, or $18,036 per year. Chances are, that’s not enough for you to live on, which is why you need savings of your own — and the more you have, the […]
During tax filing season, which will start any day now, it’s not unusual to learn that you botched a previously filed return. Been there, done that. Say you just figured out that you missed some tax-saving deductions and credits on your 2018 Form 1040, which you filed only a little while ago. You discover the […]
Looking for a six-figure job that makes you happy in 2020, but is also increasing in demand? Front-end engineers had an average overall job satisfaction score of 3.9 on Glassdoor, making theirs the No. 1 profession for 2020 in terms of job satisfaction, salary and job openings, according to a new ranking, knocking data scientists […]
By the time your 50s roll around, you should be well on your way to building a retirement nest egg. But new data from TD Ameritrade indicates that older Americans are pretty behind on retirement savings, and those who don’t improve risk struggling financially once their careers end. An estimated 53% of Americans aged 50 […]
Social Security provides a guaranteed source of income in retirement, but what many don’t realize is that you’re not guaranteed to keep it all. Some retirees owe taxes on their Social Security benefits, but it all depends on your income. Here’s a closer look at how your retirement fund withdrawals play into all of this. […]
When Intuit acquired Mint more than a decade ago, mobile was in a different place — as were tech-enabled financial services. There hasn’t been much progress for the personal finance tracker app category in the meantime. Mint has stumbled along with integration issues and tiresome data misclassifications. For many, the best alternative has been firing […]
The rapid increase of student loan debt has slowed over the past few years, but individual borrower balances aren’t going down mostly because hardly anybody is paying down their loans. Total indebtedness over the past year or so has stopped its meteoric rise, according to a study that Moody’s Investors Service released Thursday. Nevertheless, the […]
Social Security benefits are supposed to replace around 40% of the income you earned while you were working. This means they aren’t meant to be your sole source of support in retirement, with most financial experts recommending you’ll need to replace 70% to 80% of what you made while you worked. And many seniors end […]
When you consider the risks you face in retirement, most of them probably center around finances. Some people may be worried about not saving enough, while others are concerned about the rising costs of healthcare and long-term care. Others may worry that they’ll never be able to afford to retire. However, there’s one risk that […]
We all have financial regrets. Things we bought, bills we paid late, decisions we didn’t research. Turns out, according to personal finance site MagnifyMoney, investing brings a host of bad feelings. The top one is not investing at all, according to research conducted in September and December. MagnifyMoney surveyed 836 people with investment accounts and […]
Today’s workers have a challenging task ahead of them in saving for retirement. It’s a rare employer that still offers a pension, and Social Security benefits are only designed to replace around 40% of your pre-retirement income. That means the majority of your income in retirement will need to come from your savings. Retirement isn’t […]
