When 27-year-old Ramon Gonzales was looking for a new job eight months ago, having access to a retirement plan was high on his list of priorities. Now Gonzales, the floor supervisor for the production team at Red Bay Coffee, has that ability to save. That’s thanks to CalSavers, California’s automatic individual retirement account plan, which […]
Social Security benefits are earnings-based. Specifically, they’re calculated by averaging workers’ 35 highest-paid years on the job and adjusting wages for inflation. But the age at which those benefits are claimed could cause them to go up, go down, or stay the same. Someone who claims Social Security at full retirement age will get the […]
As the 2020 primary season inches closer, Democratic Opens a New Window. presidential candidates have unveiled a slew of policy proposals — including plans funded by taxing both Wall Street and the wealthy Opens a New Window. — in hopes of setting themselves apart from the crowded field of competitors. This past week alone, California […]
More than 10 years ago Ryan and Courtney Luke were both working, but with nothing to show for it except big cars and big debts. The Phoenix, Ariz. couple was making $72,000 in take-home pay, yet Ryan had $20,000 of debt, between the loan for his Nissan XTerra NSANY, -0.54% and the wedding band and […]
Managing finances is important, but it’s not how a lot people are using their time. One in 5 American adults spend more time planning their vacations than managing their finances, according to an online survey of about 1,000 people from MyBankTracker.com. There could be several reasons why people dedicate more time to planning trips than […]
Retiring as a millionaire may seem like a fantasy rather than a practical financial goal, yet it’s possible with savvy monthly saving. Reaching that milestone, however, takes determination, especially if you don’t start until later in life. Luckily, personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you’ll […]
FOR MANY PEOPLE, BEING poor feels more like an identity or series of experiences than a measure of income. You may feel poor if you’ve overdrawn your account at the grocery store or spent nights sleeping in your car. You may feel poor if your parents were impoverished or if you can’t afford new clothes […]
First making her name as the ‘broke millennial’ blogger, Erin Lowry has grown up since her early twenties. With a personal finance book under her belt, as well as TV spots, snazzy profiles and guest-spots on podcasts, Lowry turned her focus from money 101 to investing…and boy are we glad she did. With succinct prose […]
Many older adults worry about going broke in retirement, about outliving their assets. But they don’t have to worry if they follow two key steps outlined in new research from the Stanford Center on Longevity and the Society of Actuaries, those chipper folks who study how long you might live. What are those steps? 1. Delay Social […]
The richest 1% know the secrets to building wealth, and nothing makes that more evident than the statistics about how they stack up to the 99% that most of us belong to. Though we may never join them, many of us can’t help but be curious about how these wealthy folks live. Here are five […]
Sometimes, we run into situations where we’re desperate for money. Maybe your car broke down out of the blue. Maybe you lost your job, and don’t have emergency savings in the bank to tide yourself over until a new one comes along. If you’re sitting on a sizable 401(k) plan, you may be tempted to borrow money […]
Many people take part-time jobs because they struggle to find full-time work and believe they have no choice. But in plenty of cases, candidates actually want part-time work, as opposed to a full-time job. In fact, jobs website FlexJobs reports that more people today are interested in part-time work than in freelance work. If you’ve previously shied away from […]
