After working hard all your life, the last thing you want to do is find yourself cash-strapped in retirement Opens a New Window.. But if you’re not careful, that could be the reality you inevitably wind up facing. Here are a few reasons why you might struggle financially during your golden years — and what […]
When you’re plugging away at your job day after day, year after year, early retirement may sound like a dream. And for a good chunk of workers, that dream may become a reality. Roughly 43% of workers end up retiring earlier than they had expected, according to a report by Employee Benefit Research Institute. However, […]
You’ll often hear or read that Americans are sorely lacking in retirement savings, and while some of that data is perhaps incomplete or exaggerated, it’s safe to say that a large chunk of workers are not taking steps to build a nest egg. Earlier this year, the Center for Financial Services Innovation found that 42% […]
The good news: Americans are saving more than they ever have for retirement. The bad news: They’ll probably need to save even more. Employees contributed an average of $2,370 per account to their 401(k) plans in the first quarter of 2019, a record level and 15% more than one year prior, according to Fidelity Investments, […]
IN 2013 AND 2014, headlines heralded the rise of for-profit income share agreements binding young borrowers to private investors. Students who attracted financial support agreed to pay back their wealthy benefactors a percentage of their future incomes for a specified amount of time. These contracts raised eyebrows. Critics noted the ISAs were structured to allow […]
Since its debut nearly 40 years ago, the 401(k) has emerged as one of the premier tools to save for retirement in America. In fact, when we poll 401(k) participants across the country, the majority of them consistently say it’s their largest — or only — source of retirement savings.* One of the main reasons […]
IF YOU’RE NEWLY divorced and you have children, odds are you’re probably just getting acquainted with the concept of child support. After all, child support law and regulation can be complex and confusing. “I have never met a parent who felt like he or she was receiving sufficient child support. Likewise, most parents who pay […]
Every worker Opens a New Window. at some point starts to think about retirement and applying for Social Security benefits Opens a New Window. . The big question is: When should you start collecting Social Security? Generally, the key to that answer lies in what is considered your “full retirement age” because that is the […]
Financial rules of thumb circle around the internet like flotsam caught in an eddy. We scrutinized five particularly persistent ones to see how they hold up. Our conclusion: Most have merit as a starting point for setting a financial goal. But depending on your personal circumstances, you may benefit from bending the rules. Budget Spend […]
The interest rates on federal student loans will go down next academic year. The government sets the annual rates on those loans once a year, based on the 10-year Treasury note, which has also been on the decline. The interest rate on new undergraduate Stafford loans will be 4.5% for the 2019-2020 academic year, down […]
Billionaires feel at home in the Big Apple. New York has the largest billionaire population globally (105 individuals), followed by Hong Kong (87), San Francisco (75), Moscow (70), London (65) and Beijing (55). To put that in context, San Francisco has over 860,000 residents. New York has over 8.6 million. That’s according to data released […]
It kills some people to talk about death. Some 60% of people say they know very little about death, and they’re almost as likely to get their information about the end of life from movies and TV dramas as they are from medical professionals, according to a new poll by the U.K.-based Academy of Medical […]
