Retirement plans are essential for anyone who plans to live to old age — yes, even if you swear you’re never going to retire. Yet many people underestimate the importance of doing so, and they put it off or throw out a guess rather than sitting down and doing the math. There are many reasons […]
The Mega Millions jackpot has climbed above the $300 million mark. With no one hitting all six numbers in Friday night’s drawing, the top prize has surged to $314 million for the next drawing on Tuesday. And while the odds are stacked against a jackpot win — your chance is 1 in about 302 million […]
If you search the internet looking for how much cash you need to retire, you’ll find estimates ranging from $1 million to $10 million. That’s about as helpful as a mechanical pencil with no lead, particularly if your retirement savings are currently well short of seven figures. A definitive, realistic savings target for retirement is […]
Tax season is still months away, but the IRS will want to know about your cryptocurrency holdings. The IRS just released a new Schedule 1 for the 2019 tax season, spelling out the details on above-the-line deductions, including the tax break for student loan interest and health savings account contributions. Eagle-eyed taxpayers will notice that […]
December is here, and taxpayers are running out of time to make last-minute planning moves for the 2019 tax year. In order to make sure that your 2019 tax return has as small a tax bill as possible, it makes sense to pay close attention to any tax breaks that you’re qualified to take. Tax […]
Though 40 may be the new 30, the reality is that it’s 10 years closer to retirement. So you need to really get serious about boosting your savings and making other smart money-related decisions that’ll set the stage for financial security down the line. Here are a few specific milestones you should aim to hit […]
If you went to college, there’s a good chance you still have student loans to tackle. It takes Americans with student debt an average of 21 years to completely pay off their education, and the average student loan payment is $393 a month. With that kind of weight on your wallet, you might wonder whether […]
Cole Kelley’s most popular TikTok post wasn’t the one in which he did a walking handstand across his high-school hallway. It was one where he explained why real estate can be a very savvy investment, garnering approximately 400,000 views. His take-down of a furniture store’s 21% APR financing offer got more than 250,000 views. Kelley […]
The figures outside Abbie Weipert’s classroom are alarming. Presidential hopefuls point to $1.6 trillion in student debt. A U.S. Federal Reserve report says a quarter of American adults have no retirement savings. But in Weipert’s personal finance course at Iowa City West High, lawmakers and educators across the state see something of a remedy. Starting […]
Anyone rushing to stockpile Chock full o’Nuts ahead of an impending worldwide coffee shortage would be well advised to save their time and money, experts and economists say: U.S. retail supplies and prices are unlikely to be affected much, if at all, even if the global production shortfall pans out as predicted. “There’s a glut […]
Make 2020 the year you nail your taxes: The IRS has released the final version of its new tax withholding form. The new Form W-4 goes into effect for 2020. Employees use it to tailor the amount of income tax that’s withheld from their paychecks. The document reflects changes from the Tax Cuts and Jobs […]
Early retirement may seem like a dream. But in reality, leaving the workforce too soon may not be as attractive as it seems. There are plenty of downsides, and you need to consider them carefully. Here are four of the big negatives associated with early retirement. 1. Your savings will need to sustain you longer […]
