Employers and workers will shell out more cash for health insurance in 2020. Large companies predict the total cost of workplace health-care coverage to reach an average of $15,375 next year, according the National Business Group on Health. That’s up from $14,642 in 2019. This figure combines workers’ and employers’ spending on insurance. Employees are […]
Most millennials, 66%, don’t feel on track when it comes to saving for retirement. That’s according to a 2019 TD Ameritrade report, which surveyed 1,015 U.S. adults aged 23 and older with at least $10,000 in investable assets. When asked why they’ve fallen behind on their retirement savings, the No. 1 response for millennials (ages […]
An early retirement isn’t for everyone. You may not have much socked away, for example, which would make retiring early a bit difficult. But if you have some savings, an early retirement may be more achievable than you think. Here’s a look at five reasons why you might want to retire as early as you […]
More than a decade into the longest economic expansion on record, almost two-fifths of people said in a new Bankrate poll that their main financial priority was just keeping their heads above water on living expenses rather than saving money. Nearly as many of those surveyed said that they’re not following financial budgets, according to Bankrate’s September Financial Security Poll. The lack […]
We might talk about money in this corner of Lifehacker all day every day, but outside the warm confines of Two Cents, discussing money is still generally frowned upon. In fact, people are so hush-hush about their finances that they would rather talk about their sex life than their credit card debt at a dinner […]
About six in 10 Americans (58%) think that $1 million will be enough for “a comfortable retirement.” That’s according to TD Ameritrade’s 2019 Retirement Pulse Survey, which surveyed 1,015 U.S. adults ages 23 and older with at least $10,000 in investable assets. Although $1 million is the oft-cited amount needed to retire comfortably, it might […]
Legislation is on the move in Pennsylvania to require public schools to allow students to apply personal finance class credits toward high school graduation requirements. The Senate approved the bill unanimously on Monday, and sent it to the House. Under the bill, a student who successfully completes a high school course in personal finance will […]
In just a week, it’ll be time to apply for college financial aid. Oct. 1 marks the first day for students and their families to apply for grants and other aid for the 2020-21 school year through the Free Application for Federal Student Aid. More than 18 million applicants filled out the FAFSA form during the […]
If you ask most financial advisers how to retire on a half-million dollars, they’ll likely say it can’t be done. Many financial advisers point to the “4% rule” (also the “Bengen rule”) for tax-advantaged accounts such as 401(k)s and IRAs. The 4% rule says you can draw up to 4% of your nest egg’s value […]
When Sheri Reid Grant inherited millions of dollars from her parents, she went into a downward spiral. Six years later, she still gets teary talking about it. “Everybody thinks money is the answer, and here I had all this money, and all I could think about was not getting it right,” she said. Grant, 53, […]
What are the highest paid, most in-demand jobs in your state? Software developers, physical therapists and physician assistants crop up frequently among the highest-paid and fastest-growing jobs in every U.S. state, according to a recent analysis by CareerBuilder, a jobs and careers site. The site analyzed government data to project the careers most likely to […]
The savings rate in the U.S. was 17% higher in 2018 than in 2017, according to data from the Commerce Department cited by the Wall Street Journal, and it has continued to trend upward this year. Part of the increase can be attributed to a boost after President Trump’s Tax Cuts and Jobs Act went […]
