In the U.S., 99% of adults don’t use a financial advisor, according to a recent CNBC Invest in You survey, which polled 2,776 adults nationwide. A whopping 76% of respondents said they manage their money themselves, followed by 15% who said their spouse or partner handles their finances and 4% who said their parents take care of […]
Retirement savers are cautioned not to change investment strategies during market volatility, but it can be tempting when the value of your investments is falling before your eyes and you rely on that money. Often times, retirees shouldn’t change their strategies too much when the market first starts acting up. If you’ve got a thoughtful […]
Bob Dylan first sang, “Times they are a-changing” way back in the ’60s. Who knew the song could become a retirement anthem for anyone born in that same decade? We are in a new era of retirement planning in the U.S. Many older Americans haven’t saved enough in their working years for financial security in […]
Managing your personal finances is challenging, especially if you’re doing so for a small business or your family in addition to yourself. Maybe you have a system of notebooks that works for you or dozens of Excel sheets that you update manually every few weeks. Maybe it’s time to get a little help. Fortunately, MoneyWiz […]
We’re in a state of low savings. Depending on what state you choose to retire in, you could need anywhere from $666,000 to upward of $2 million saved. And that’s outside of what you get from your Social Security checks. Those figures are according to an analysis released Thursday by personal finance site GoBankingRates, which estimated […]
Investing in a 401(k) is one of the main ways many U.S. workers build up savings for retirement. Its tax-advantaged status and automated contributions make it a particularly valuable financial instrument, and those who are able to start investing early are more likely to end up a millionaire. Yet while opting into your company’s 401(k) plan is a relatively easy […]
SYDNEY — It’s one thing to start a company. It’s quite another to start one that competes with tech titans like Microsoft and Adobe. But that’s exactly what Australian entrepreneur Melanie Perkins did when she built a design product to rival the tech giants. “Our goal was to take the entire design ecosystem, integrate it […]
The first days of the new year are sort of like a rehearsal period for the rest of 2020. But it’s time to face reality and approach the new decade headstrong. The first order of business? Taking stock of your finances. Maybe you allowed yourself to become a touch irresponsible with your credit card usage […]
Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income […]
When do you plan to retire? Many individuals have an age at which they want to call it quits. And then there’s the age when you really stop working. If you’re lucky, those ages are one and the same. But research shows that they’re likely not. Transamerica Center for Retirement Studies recently found that a […]
The 401(k) is one of the most powerful tools in your retirement planning toolbox, but in order to make the most of it, you’ll need to have a good understanding of how it works. The most important thing you can do right now is to simply start saving. Roughly half of Americans are not contributing […]
Americans have been contributing a greater share of their salaries to their 401(k) plan accounts — and that could have a substantial impact on retirement savings over time. Savers stashed away an average 7.7 percent of pay in 2018, up from 6.8 percent just two years earlier, according to the most recent figures published by […]
