Saving for retirement is hard to do, regardless of your relationship status. But if you’re single, you may have a harder time socking funds away for the future. After all, being single means not having a partner to share expenses with. Because of this you’re forced to foot all of your mortgage payment, utility bills, […]
The average American estimates retirement will cost around $1.7 million, according to a survey from Charles Schwab. Although the exact amount you’ll end up spending in retirement will vary from person to person, you’ll likely need several hundred thousand dollars stashed away if you want to enjoy your golden years comfortably. Most of today’s workers […]
If there’s anyone you should turn to for honest and objective money advice, it’s a financial planner. Certified financial planners have a fiduciary responsibility to provide guidance and recommendations that are in your best interest — not theirs, their company’s, or anyone else’s. That said, financial planners can still offer sound and actionable advice when they’re […]
Social Security can be complex and confusing, and there are so many factors to consider before you start claiming benefits. What age should you begin claiming? How big will your monthly checks be? How much will you be able to depend on your benefits in retirement? Although it’s confusing, it’s important to understand as much […]
The year 2020 is just around the corner, which means countless Americans are gearing up to improve their finances once it kicks off. Here are Americans’ chief financial goals going into the new year, according to a survey by Marcus by Goldman Sachs — and what you can do to achieve them. 1. Save more money We all need […]
“This policy change is abhorrent and absolutely unjustifiable.” “We all know that the cruelty is the point with this administration, but this sinks to yet another low.” “This would be a crushing blow to me and my family.” Those are just a few of the more than 1,700 official comments members of the U.S. public […]
Early retirement is something that many people aspire to their entire lives. But there’s more to retiring early than just turning in your office keys and gathering up all your family pictures from your desk. You also have to think about what early retirement will actually be like and anticipate potential problems — before it’s […]
Your expenses don’t end when your paychecks do, but creating a reliable income stream in retirement can be tricky. The right choices can result in sustainable income for the rest of your life. The wrong choices could leave you uncomfortably short of cash. In fact, retirement includes so many important, potentially irreversible decisions that most people could […]
On Christmas Day across America, millions of families will gather together to celebrate one of the seminal holy days of the Christian calendar. An important element of that celebration is the exchange of gifts and other expressions of generosity toward our family, friends, neighbors and many beyond our immediate circle who are less fortunate. Giving […]
To Roth or not to Roth? That may not be the question as William Shakespeare phrased it. But it is the question you should be asking yourself when saving retirement money in an individual retirement account. New research from TD Ameritrade finds that many individuals are confused when it comes to Roth IRAs — accounts […]
Social Security can be complex and confusing, and there are so many factors to consider before you start claiming benefits. What age should you begin claiming? How big will your monthly checks be? How much will you be able to depend on your benefits in retirement? Although it’s confusing, it’s important to understand as much […]
Financial independence and early retirement – known as the FIRE movement – requires devotees to relentlessly save, tirelessly work, and aggressively invest to free themselves of a full-time job by their 30s, 40s, or 50s. Despite their best-laid plans, what happens when life happens to these FIRE adherents? Setbacks such as divorce or an unplanned […]
