Although you may know it’s not healthy to constantly try to keep up with the Joneses, it’s human nature to want to see where you stand in comparison to your peers — and it’s no different when it comes to saving for retirement. Everyone’s retirement needs are different, so everyone needs a different amount saved […]
You’ve screwed up. You’re drowning in debt. You haven’t saved for retirement. You’ve chopped yourself to bits in the stock market. “Too late now, I’m screwed.” You are not screwed. The only way you are screwed is if you are at retirement age already. Then it is kind of too late. But if there is […]
Retirement is supposed to be an enjoyable period of life, but if you don’t plan for it properly, the opposite might end up holding true. Here are four mistakes that could derail your retirement and leave you cash-strapped and miserable at the same time. 1. Relying on Social Security alone Though Social Security helps millions […]
Contrary to popular belief, it’s good to be neighbors with Mary Jane. A new study from real-estate marketing firm Clever found that home values increased nearly $23,000 more between 2014 and 2019 in cities that allow retail cannabis dispensaries to set up shop compared with cities where recreational marijuana was illegal. “Investors see the opportunity […]
Hoping to avoid a tax surprise for 2019? Talk to your accountant before you use the IRS tax withholding calculator. That’s because user error and failure to consider state and local taxes could result in incorrect adjustments to the income taxes you have withheld at work. The 2018 tax year brought in a host of […]
For several years leading up to 2018, the stock market was abnormally calm. Stocks had some ups and downs, but generally continued to march higher without much disruption. Then, in the fall of last year, we started to see a spike in market volatility. More sizable drops in the prices of stocks — even when […]
Many seniors look forward to retirement, especially those who wrap up their careers feeling overworked and overwhelmed. But while the freedom associated with retirement is certainly something positive to anticipate, many Americans who go into retirement excited about that prospect wind up cash-strapped and miserable fairly early on. And the reason often boils down to […]
For most people, pensions are a thing of the past, so it’s up to most workers to provide their own financial futures, along with some help from Social Security which is meant to replace 40% of pre-retirement income. It goes to show, saving for retirement early and often is a critical undertaking for all Americans. […]
You’ve practiced your power pose. You’ve finalized your outfit. You even have a playlist to get you in the right frame of mind. It is time for your salary negotiation. Yes, asking for a raise can be tricky and terrifying — so much so that, according to InHerSight research, 60% of women haven’t asked for […]
If you’re not already receiving regular Social Security payments, you probably will be one day, and if you want to be smart about it by reaping as much as you can, don’t simply leave things up to chance. The income you’ll receive from Social Security isn’t set in stone — there are things you can […]
WHETHER YOU WANT TO teach your child smart money-management strategies, help them pay for college or set them up for financial success as adults, it’s important to jump-start saving for kids early on. However, it’s critical to use the right account. “A lot of parents view their home equity as a savings account,” says Jon Brodsky, CEO, […]
Retire this behavior, immediately. One in four adults under 35 with a 401(k) has already made an early withdrawal, according to a survey of 2,700 adults released Thursday by financial institution Merrill Lynch and aging think tank Age Wave. The most common reason they cite for taking the early withdrawal: to pay credit card debt. […]
