The Secure Act passed by Congress at the end of 2019 is the biggest change in U.S. retirement savings policy since the Pension Protection Act in 2006. The Secure Act aims to expand retirement savings opportunities, give retirees more freedom on when to withdraw their retirement savings from IRA plans, and expand access to annuities […]
As 2020 takes hold, about half of Americans say they’re committed to saving more for retirement this year, according to a recent Fidelity survey. That’s good news because many are woefully behind. In fact, more than 1 in 2 Americans admit they’re not saving enough, and 38 percent say they still don’t have a retirement account. Experts applaud […]
Saving money isn’t always fun or easy — but it’s a necessary thing to do if you want to get your financial house in order. We all need near-term savings for emergency expenses, and we all need a solid amount of retirement savings to pay our bills in the future. If you’ve been known to neglect your […]
So it’s 2020, and maybe you didn’t save enough over the past decade — or do the wisest things with what you did save. Don’t worry, you have lots of company. But it’s never too late to start saving, and it’s never, ever too early. Since it’s a brand-new decade, it’s the perfect time to […]
A hefty piece of federal legislation passed by Congress and signed into law by President Trump in December has been hailed as one of the most far-reaching retirement savings reforms in at least a decade — a package that will broaden the reach of workplace 401(k) plans. While the legislation makes several important tweaks to […]
Buying long-term-care insurance is usually a smart way to protect your finances and your family from the potentially massive cost of care. But after paying premiums for years, you don’t want the insurance company to hassle you — or your children — when you submit a claim. In many cases, 20 years or more have […]
Oil prices tend to see sustained gains following Middle East crisis events, while stocks eventually churn higher as safe haven assets gold and Treasurys fade from their initial pops, according to historical analysis. Crude prices jumped roughly 3% on Friday after a U.S. airstrike in Baghdad killed Maj. Gen. Qasem Soleimani, Iran’s top military commander. […]
The acronym “FAFSA” trended on social media Friday as some students who recently completed the Free Application for Federal Student Aid worried — incorrectly — that filling out the form had made them eligible to be drafted into the military. Interest in the topic surged after a U.S. drone strike ordered by President Trump killed […]
If your’re looking to build more wealth in 2020, money won’t simply appear — you’re probably going to have to make some changes to reach your goals. Here are five lifestyle changes that have helped self-made millionaires get to where they are today. If they worked for them, they could also work for you. Generate […]
If given the choice, would you rather lose 5 pounds or save $5,000 this year? When asked that question, most people (84 percent) said saving money would be the higher priority, according to a recent report by Fidelity Investments. The online survey of 3,000 adults indicates that American families want to pay down debt (51 percent) […]
The stock market surged in 2019, closing out the end of the decade by posting its best annual gain in six years. But investors hypnotized by the prospect of big profits should temper any knee-jerk reaction to load up on stocks as the new year gets under way. Charlie Fitzgerald, a financial advisor at Moisand […]
Retirement is a pleasant prospect to look forward to, but if you go into it carelessly, you may wind up miserable and cash-strapped rather than laid-back and content. To give yourself a better chance of landing in the latter scenario rather than the former, you’ll want to follow these important rules. 1. Know how much […]
