Kristy Shen and Bryce Leung have been traveling around the world since they retired in 2015. The millennial couple, from Toronto, initially wanted to take just one year to travel, but it’s been four years and they haven’t stopped yet. “After a year ended, we realized that traveling around the world costs about the same […]
If you want to risk starting some arguments around the dinner table this holiday season, be sure to bring up religion and politics. No, wait — make that sex and personal finance. Sex and personal finance/money ranked first and second among five “taboo” topics for discussion in a TD Ameritrade survey this year. They beat […]
Saving for retirement can’t be done at the last minute; it takes decades of consistent effort to save hundreds of thousands of dollars. When you start early, you still have compound interest on your side. But the longer you wait to begin stashing money in your retirement account, the more you’ll need to save each […]
Mistakes are part of life, and sometimes you can’t avoid them. Especially when it comes to complex financial topics like planning for retirement, nobody has all the right answers. But not all mistakes are created equal; some are more dangerous than others. And the most threatening mistakes are the ones you may not even realize […]
Social Security’s importance to the pocketbook of the average American retiree can’t be overstated. More than 60% of all retired workers lean on their Social Security payouts to account for at least half of their monthly income, and an estimated 15 million-plus use their benefits as a means of pulling themselves above the federal poverty […]
Pennsylvania will require public schools to allow students to apply personal finance class credits toward high school graduation requirements. Gov. Tom Wolf signed the bill this week and it will take effect in the 2020-21 school year. Under the new requirement, a student who successfully completes a high school course in personal finance will be […]
It seems only natural that with people living longer and expenses rising, the average retirement age would increase. For decades, 62 and 65 were the popular ages to leave the workforce, but now many have a more-distant finish line in mind, and some don’t plan to ever retire. A recently released survey by the Transamerica […]
If you’ve been racking your brain about where to retire on a budget, it might be time to think outside the U.S. A report by International Living, which publishes information about living overseas, lists destinations where you can coast through retirement on less than $30,000 a year. To be sure, retiring in a new country […]
Utah is punching above its weight in a lot of economic categories worth bragging about, but holding down the No. 10 spot in the country for highest per capita debt isn’t one of them. With a combination of near-nation leading low unemployment, job growth, a burgeoning tech sector and one of the most diverse economies […]
Downhill skiing is rarely cheap. The booking site Hipmunk found the median price for two people over two nights in a popular ski town like Vail, Colo., or Park City, Utah, with round-trip economy flights, runs about $1,700 to $2,200. Going to smaller resorts is one reliable strategy for saving money. As is buying lift […]
It’s almost time to turn the calendar over to a new year. And if you’re retired or have inherited a retirement account, that means you’re on deadline to take your required minimum distributions by Dec. 31. RMDs are the minimum amount individuals who are age 70½ and older must withdraw from their retirement funds, such […]
According to the Bureau of Labor Statistics, there are more than a few careers with average salaries of $100,000 or more. They include financial analysts, electrical engineers, veterinarians, nurse practitioners, and astronomers. An income of $100,000 is well above the national average of $51,960 across all occupations that the government tracks, but it’s not necessarily […]
