When Democratic presidential candidate Elizabeth Warren earlier this week unveiled the details of her bill to cancel student debt, she stressed how it would deliver significant financial relief to borrowers of color. “The day our bill gets signed into law, that black-white wealth gap would shrink by 25 points,” the Massachusetts senator said. Under the […]
It’s fun, it’s Russian, it’s potentially dangerous. FaceApp, the amusing smartphone app that gives you a sense of what you might look like in 20, 30 or 40 years, can also help you better save for retirement. Celebrities including the Jonas brothers and LeBron James have posted their own aged faces, and the comments are […]
EARNING EXTRA INCOME through a side hustle, gig app or freelance job is a legitimate way to stretch your budget, jump-start financial goals or pay off debt. These days, there are myriad opportunities for making extra money online via apps and through part-time in-person work. But not all side hustles are created equal or will fit your goals […]
Robo-advisors Wealthfront and Betterment both recently announced eye-popping interest rates on cash accounts of 2.57% and 2.69%, respectively, 25 to 27 times the national average APY of 0.01%. Those are some of the highest rates around. But savers should be aware that the accounts are not technically savings accounts, though the Betterment Everyday Savings and […]
Go claim your $125 from Equifax. Right now. Even if $125 isn’t a sum of money that matters to you, even if you don’t feel you were really directly affected by the breach. Even if the prospect of filling out a relatively brief online form fills you with more dread than the theft of all […]
A congressional debate on a bill to reform Social Security has turned to a key question: whether changes made to the system today will upend millennials’ retirement in the future. A committee hearing of the House Ways and Means Committee on Thursday focused on the potential impact of the Social Security 2100 Act. That bill, […]
If there were a single savings target that could guarantee a financially secure retirement, saving for that milestone would be much easier. But alas, there’s not, and so the best we can do is make educated estimates based on factors like anticipated expenses and lifestyle choices. And while most of us can’t nail down an […]
While our country has come a long way on gender equality, the pay gap remains a prominent issue. It’s felt in many aspects of women’s lives, most significantly in retirement savings, a challenge for every American. Three statistics indicate just how much rougher the road to retirement is for women. 1. Women 65 and older […]
How does your income compare to other people in your age group? Are you earning more or less than your peers—and does your gender affect the answer? CNBC used data from the Bureau of Labor Statistics to put together a chart detailing the median weekly earnings of U.S. wage and salary workers by age and […]
There are two kinds of moves that occur when you’re older. Ailing seniors enter a nursing home, while healthy retirees may decide to relocate to an assisted-living facility or continuing care retirement community. For those going into a nursing home, there’s little to celebrate. But many in the other group actually look forward to enjoying […]
Social Security and Medicare are essential to retirement, yet few near-retirees have a thorough understanding of how they work. About a third of self-employed baby boomers and 2 of 10 workers in the same age group said they know a “great deal” about Social Security, according to a recent survey from the Transamerica Center for Retirement Studies. […]
A visit to a doctor’s office is about as personal — and for many, uncomfortable — as it gets. If you’ve come to the office with symptoms and had tests done, the physician might even have an unpleasant reveal for you about your health and may want to learn more about your behaviors. It’s time […]
