Nearly one in five Americans don’t contribute enough to their employee-sponsored 401(k) plans to earn the company match, according to a new survey by MagnifyMoney. That means they’re missing out on “free money.” “That’s your company literally saying: ‘Hey, here’s some free money, do you want to take it?’” financial expert Ramit Sethi tells CNBC […]
Saving for retirement is a lifelong process. One-third of Americans think they’ll need between $1 million and $3 million saved to retire comfortably, according to a report from Charles Schwab, and saving that much cash takes decades of hard work. But when you’re young and just starting your career, retirement is likely the last thing […]
Stocks could be in for a rough time in September if history is any indication. The Dow Jones Industrial Average has averaged a loss of 0.75% in September over the past 30 years, CNBC analysis using Kensho shows. In fact, the 30-stock average trades positive just 47% of the time in September. The S&P 500 […]
One of you may be living as a survivor for a long time. Are you prepared? Here’s a question for couples whose retirement is imminent. You think you’ve got it all figured out. Now, what’s your widowhood plan? There’s a good chance one of you will be alone for a decade. This has an impact […]
The calculations used to craft a traditional retirement plan assume that you’ll work well into your 60s and draw income from your savings to fund your remaining two to three decades. But what if you’re not planning a conventional retirement? What if you’re interested in financial independence at a much earlier age? That is the […]
Saving for retirement is a lifelong process. One-third of Americans think they’ll need between $1 million and $3 million saved to retire comfortably, according to a report from Charles Schwab, and saving that much cash takes decades of hard work. But when you’re young and just starting your career, retirement is likely the last thing […]
Nobody likes a job that’s only halfway done, but partial progress often is better than none at all. When it comes to managing money, many Americans still aren’t meeting their savings objectives, or they’re mismanaging their investments or skipping opportunities involving Social Security. People sometimes fail to get going or complete the task, because they […]
The data is clear: Almost every American needs to save more money. Average retirement savings are too low, around 4-in-10 Americans can’t cover a $400 emergency, and average credit card debt tops $6,000. But knowing about the need to save and actually doing it are two different things. Saving can be hard, especially when there […]
The best high-yield savings accounts live up to all the hype. After all, what more could you need in a savings account than no fees, zero risk, full liquidity, and excellent earning potential? Whether you’re building up an emergency fund, saving for a down payment, or preparing for your next Euro trip, it’s hard to […]
Retirement planning takes decades of hard work, and it can sometimes be confusing and overwhelming. Fifty-six percent of Americans don’t have a clue how much they should be saving for retirement, a survey from Northwestern Mutual found, and roughly 1 in 5 have no retirement savings whatsoever. Even if you are trying to save for […]
There is a seismic shift in the real estate market and it’s all due to the Millennial generation. “Millennials have represented the largest share of the home buying market for the past five years in a row with the 2018 share at 36%,” says Anna DeSimone, author of Housing Finance 2020 and a housing advocate. […]
Savings matter. That’s the No. 1 idea Stadion Money Management’s Will McGough, the firm’s chief investment officer for retirement, is promoting among his clients as he tracks what he calls a burgeoning ”‘savings more’ crisis.” That’s because McGough, whose firm invests its $3 billion in assets under management almost exclusively in exchange-traded funds, believes the […]
