You work hard your entire life to earn money, create a family, and buy all the things you’ve always desired to live your version of the American Dream. But what happens to all your money and your stuff — and don’t forget your minor children and pets — when you die? A will is the […]
Most people understand the virtues of a 401(k) when it comes to saving for retirement. Still, few know that there’s another employer-sponsored plan that could work just as well, if not better. Like a traditional 401(k), a Roth 401(k) lets you contribute up to $19,000 a year through automatic payroll deductions and may come with […]
White House hopeful Sen. Bernie Sanders (I-Vt.) on Friday unveiled a plan to guarantee the “right to a secure retirement” as he seeks to burnish his progressive bona fides amid stiffening competition in the Democratic primary. The plan, announced ahead of a discussion at campaign seniors issues roundtable and the AARP Presidential Forum in Iowa […]
If you’ve been proactively planning for retirement, you’re no doubt aware that your golden years aren’t going to fund themselves. Rather, you’ll need a healthy amount of savings to cover the bills later in life, even if you’re expecting a pretty sizable series of payments from Social Security. Now you’ll see different estimates out there […]
Millionaire status was once reserved only for the rich and famous, but these days, you might need to have at least a million dollars in the bank to retire comfortably. Retirement is more expensive than ever, and the average American age 65 and up spends around $46,000 per year, according to the Bureau of Labor Statistics. If […]
MANY PEOPLE MAKE sacrifices in order to put away extra funds in retirement accounts, such as not going on vacation or buying a new car. Once you’ve made the effort to save and invest, you don’t want to compromise your financial future by falling for something that might sound good now, but doesn’t contribute to a […]
Headlines say there is a retirement crisis in this country, but in reality it is an impending retirement crisis that sources say policymakers and retirement plan sponsors can take measures to avoid. “We have a retirement challenge that is very serious, and if we don’t act, it will migrate from a challenge to a crisis,” […]
Whether you’re 20 or 60, retirement can feel a long way off as you rise early for another day at the office. Saving enough money to climb down off the corporate ladder is challenging and takes decades, but with smart planning and dedication, you can shave a few months — or even years — off […]
Retirement is supposed to be a joyous time in life. You’ve spent decades working toward this goal with the hope that once you retire, you can finally sit back, relax, and spend your days doing whatever you want. However, for many workers, that dream seems far out of reach. Retirement is expensive, typically costing several […]
Suze Orman wants young people to stop “peeing” away millions of dollars on coffee. Last month, the personal-finance celebrity ignited a controversy on social media when a video she starred in for CNBC targeted a familiar villain: kids these days and their silly $5 lattes. Because brewing coffee at home is less expensive, Orman argued, […]
Technology Opens a New Window. is beginning to play an important part in Baby Boomers retirement planning Opens a New Window. . Smart phones and the internet not only keep you in touch with family and friends, but digital wealth is quickly becoming the future of financial planning for your golden years. A recent study […]
It’s summertime, and that means school’s not in session, schedules are more flexible, and the weather is generally mild (albeit hot) on a nationwide level. As such, it’s common for people to take vacation during the summer months. If that’s your plan, you may be busy researching hotel deals and booking different tours. But have […]
