THE 2010S ARE NEARLY over, and it marks a moment to breathe, think about the decade that passed and consider the decade ahead. Think back to where you were a decade ago. Are you where you hoped you’d be in 2020? Did you make some missteps along the way? Now is the perfect time to […]
There’s no exact science to prepare for retirement. Most advisors will suggest you save at least 10% of your pre-tax income, but if all else fails, “something is better than nothing” tends to be the preferred thinking. While there’s no set rule to build your golden nest egg, Bankrate’s latest study found that 52% of […]
A new government program that takes money out of people’s paychecks is gaining interest in state legislatures across the country — in part because it is wildly popular with voters. Oregon, Illinois and California have launched initiatives to create retirement savings accounts for residents whose employers do not offer company-sponsored programs. In those states, tens […]
The biggest mistake young people make when saving for retirement isn’t choosing the wrong account or contributing less than the idealized 10 to 15%. It’s having the mindset that they can’t afford to save for the future at all, says Farnoosh Torabi, personal finance author and host of the “So Money” podcast. It’s the mentality […]
Is early retirement bad for you? While that’s a crucial question all of us face, it takes on a special urgency for adherents of the Financial Independence/Retire Early (FIRE) movement. After all, if retirement is bad for our health, then we ought to postpone it as long as possible. Several recent studies are shedding new […]
If you’re traveling abroad this Thanksgiving weekend, you might want to think about waiting until the very last minute to fly home. That’s because you’ll find some of the shortest lines at airport customs and immigration on Sunday, Dec. 1 from 10 p.m. to 11 p.m., and then from 1 a.m. to 2 a.m. in […]
A new government program that takes money out of people’s paycheck is gaining interest in state legislatures across the country — in part because it is wildly popular with voters. Oregon, Illinois and California have launched initiatives to create retirement savings accounts for residents whose employers do not offer company-sponsored programs. In those states, tens […]
We all wish we had more money, but it’s hard to get new income streams. A job on the side would work, but that can take more time or energy than you have right now. So instead, think about simply saving more money. You’ll find seven ways to do so below. Once you’ve got more […]
Retirement can stir up ideas of freedom, relaxation, and travel, or of uncertainty, penny-pinching, and helplessness. Men and women may struggle to save enough for retirement, but the latter scenario is much more common among women as they still earn less than men on average and must have larger nest eggs due to their longer […]
Taxpayers have a choice when filing their returns: They can take the standard deduction or itemize their deductions. The latter option can be far more time-consuming, and whether it’s worth doing depends on what the standard deduction looks like. Each year, the IRS determines what the standard deduction is for taxpayers, and in 2020, it’s […]
One of the biggest struggles of parenthood is having to buy a whole new wardrobe for kids every year because of how quickly they outgrow or ruin their clothes. Well one Target-shopping mom shared a money-saving tip on Facebook that is so good, it quickly went viral. The post explains how a loophole in the company’s return […]
Saving for retirement can be stressful, especially if you’re running short on time and your nest egg isn’t as large as you’d like. It’s a common problem among Americans — in fact, close to half of baby boomers have no retirement savings at all, according to a report from the Insured Retirement Institute. However, there’s […]
