Job openings rose by 4.6% in July while median base pay increased by 1.9% compared to the same period in 2018, according to Glassdoor’s monthly market report. That marks a bounce back in openings from earlier in the year. In March, openings had slowed to only 0.1%. Overall job postings on Glassdoor sit at 5.85 […]
The Federal Reserve is scheduled to lower interest rates this week. What does that mean, and how might it affect your spending decisions? When the Fed cuts interest rates, it usually means it’ll cost less to borrow money—whether you’re applying for a new credit card or taking out a mortgage. However, interest rate cuts aren’t […]
Senior living costs continue rising, and as such, many retirees rely heavily on Social Security for help keeping up. In fact, Social Security pays the average recipient today $1,461 a month — perhaps not enough to live on, but enough to make unavoidable expenses far more manageable. No matter how much you stand to collect […]
Near retirees are supposed to be amassing wealth to live off of in retirement, but unfortunately, some are drowning in debt instead. Such was the case for one 60-year-old man, whose child posted on Reddit that he was buried in about $600,000 in debt. The father owed about $200,000 on 10 to 15 of his […]
Saving money is necessary to accomplish a wide range of goals. Having some cash saved helps you prepare for emergencies to not end up broke in your later years. Unfortunately, saving often seems like it’s about sacrifice. If you’re looking at years of giving up lattes and dining out with no payoff, it’s natural to not get […]
Oppenheimer Asset Management’s John Stoltzfus suggests investors may want to fasten their seat belts. The long-time bull expects a wave of near-term volatility to pressure stocks. He’s blaming uncertainty surrounding this week’s Federal Reserve decision on interest rates, another big batch of second quarter earnings results and a fresh round of U.S.-China trade talks. “Any […]
If someone walked up to you and asked you to give them $600 today and in exchange, they’d give you $8,400 at a later date, you probably wouldn’t say no. But people pass up opportunities like this all the time. They just don’t realize it. Retirement can seem far off, and if you still have […]
Early retirement is a goal of some people and a dream of many. There’s a lot of appeal to the idea of being financially independent and leaving the work force when we’re still young enough to engage in a wide range of activities. Early retirement can mean living wherever you want and doing what you […]
In this day and age, the news cycle moves pretty fast, which means almost every day there is a new poll, study, or research project aimed at retirement. At times, it can be hard to read everything, let alone digest it all. But that’s what I do. I spend my days reading and researching every […]
No doubt, it’s tempting to sign up for a “quick fix” to clean up your credit. Who wouldn’t want to instantly find a way to add 100 or more points to a credit score to qualify for a rewards-packed credit card? Or maybe, finally, qualify for a great deal on a car loan? But the […]
Millennials are waiting longer than previous generations to get married, but that doesn’t mean they’re navigating their finances solo. About 30 percent of millennials are married, and about 15 percent of people age 25 to 34 live with an unmarried partner, according to the U.S. Census Bureau. Married or not, for most couples, managing money […]
Planning for retirement isn’t something that can be done overnight — it takes decades of hard work and preparation. For many people, the biggest struggle is saving enough for retirement. One in five Americans has nothing at all saved for retirement, according to a survey from Northwestern Mutual, and money is also the No. 1 […]
