Achieving financial independence requires making big decisions and sacrifices: Should you downsize your home? Will you start saying no to happy hour more often? But for some people, it wasn’t as far of a leap after watching their parents do the same. That was the case for Jessica, a blogger behind The Fioneers and a […]
A new survey has found that 31% of employed adults in the U.S. lack access to a retirement savings plan at work. Of those, three in four would likely save if they had the opportunity. That means that nearly a quarter of employed Americans are missing out on retirement savings opportunities. Prudential helped administer the survey. Phil […]
Taking out a loan or building up a balance on your credit card could soon cost you slightly less. Federal Reserve Chairman Jerome Powell signaled to Congress Wednesday that the central bank is prepared to cut interest rates as soon as this month, even with an improved U.S. job market and a less contentious trade […]
Experts often recommend saving up $1 million before you retire. But for many people, even $1 million may not be enough, thanks in part to longer life expectancies and disappearing pensions. For those looking to give their retirement plan a boost, CNBC calculated how much you need to put into your 401(k) each month in order to reach […]
Remember that commercial where everyone walking around had a big, huge, seven- or eight-digit number hovering over their head? That was their retirement number. They needed to save that much money to retire in comfort. How many saw that million dollar plus target and instantly gave up? It’s like when you first set out on […]
Each and every day, Generation X moves a little closer to full retirement age. The question is, when will Gen X be able to get serious about actually saving enough for retirement? The youngest among us are approaching forty years old. While the older members of Generation X are solidly in their fifties, we can […]
Women in their 50s who are at the most financial risk in retirement are those who are married and in two-income households. That’s the surprising news from a recent report on women and retirement from Prudential Financial. The finding is based on research of women ages 50 to 59 from the Center for Retirement Research […]
The best day to grocery shop at most grocers is Wednesday morning an hour after the store opens. This yields the freshest produce, and you’ll also be first in line for when the best deals usually start mid-week. (Think about it: Now you won’t have to go back for a rain check!) However, if you […]
What’s considered optimum shape for people who are about to undergo cardiac surgery? Mortality in patients who had undergone heart bypass surgery was over four times higher in individuals with a high body fat mass, according to new research conducted by Dr. Xavier Leroy of the Department of Anaesthesia and Resuscitation, CHU Lille, Lille, France […]
Many seniors choose to retire where they spent their working years. But a large chunk also opt to pack up and relocate someplace else — perhaps a warmer or more affordable locale. If you’re thinking of relocating in retirement, you’ll need to answer these key questions first. 1. Do my reasons for moving hold up? […]
Money is kind of like a toddler. If you’re not keeping a close eye on it, it’s going to sneak away. Lucky for us, mobile technology makes it comparatively easy to mind our money these days. Personal finance apps abound that sync to our credit card and bank accounts, keep an eye on our cash […]
Planning to reinvest those pesky required withdrawals from your individual retirement account or 401(k) plan because you don’t need the money? Under the Secure Act, a bill pending in Congress right now that aims to improve the nation’s retirement savings, you’d have to start taking withdrawals from your IRA (and most other retirement accounts) at […]
