Every October, tens of millions of Social Security beneficiaries wait on the edge of their seats for the most important announcement of the year. You see, the second week of October is when the U.S. Bureau of Labor Statistics (BLS) releases September’s inflation data, providing the last piece of the puzzle needed to calculate Social […]
Retirement is supposed to be a relaxing time, when you can finally unwind and start living life on your own terms. For many people, though, it’s exactly the opposite. New research shows that millions of older Americans are barely scraping by in retirement. In fact, roughly half of adults over age 65 who are living […]
Amazon is reportedly developing checkout terminals that will allow shoppers to pay by scanning the palms of their hands. That’s according to the Wall Street Journal, which cited people familiar with the matter. Amazon did not respond to a request for comment. The WSJ said Amazon is targeting the terminals, which link credit and debit […]
A list of things people universally dislike includes stop-and-go traffic, getting hit with bird poo, and budgeting. And, while budgeting isn’t as messy as a bird incident, it might raise your blood pressure like a bad traffic jam would. Why? Budgets force us to look at our income and the choices we make, and that […]
Some see early retirement as a wildly irresponsible gamble, while others see it as essential to living life to the fullest. Both sides make good points, but ultimately, we must all decide for ourselves if it’s right for us based on our own goals and financial security. Here are a few arguments from each camp […]
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 […]
