The average American is vastly underestimating what they will need in retirement, but they don’t know it, according to a new survey. Natixis Investment Managers surveyed 1,000 American workers with access to a company-sponsored defined contribution plan. The research spanned three generations: Baby Boomers, Gen X, and millennials. The survey found that two-thirds of those […]
Retirement is a major milestone, and one that involves a lot of planning. As such, it’s natural that you’d want to seek out advice before leaving the workforce and embarking on a new life chapter. That said, there’s a lot of outdated guidance on the internet when it comes to retirement, and following the wrong […]
About two-thirds of Colorado registered voters age 25 to 64 describe feeling anxious about having enough money to live on in retirement, and more than half estimate they are behind schedule in their retirement savings, according to a survey from AARP. Those personal concerns are translating into support by a high margin, 70 percent, for […]
Ariana Jalia has published two children’s books and runs a successful online jewelry business. She is hoping to make $3 million before turning nine years old. “I wrote my first book at three years old and I wrote my second book at four,” Jalia told FOX Business’ Stuart Varney Opens a New Window. on Friday. […]
Where do you see yourself in five years? Some of us might be able to give a clear answer, but many of us don’t know if we’ll be working for the same company (or even the same industry), if we’ll be living in the same town or city, if we’ll be single or partnered, and […]
The most widely-cited measure of inflation is the Consumer Price Index (CPI) for all urban consumers. This measure generally has been declining since it peaked in the early 1980s. In recent years, with the exception of a few months it has been below the Federal Reserve’s announced goal of at least a 2% annual rate. […]
Your 401(k) and IRA need help, and you might be missing an opportunity to give them a boost. Across the board, workers of all ages are falling behind in their retirement savings, according to a new survey from the Transamerica Center for Retirement Studies. Baby boomers, the oldest of whom are in their 70s, have […]
If you are looking for ways to lift Opens a New Window. your credit score Opens a New Window. , you may want to take notes from people who have top ratings. The average FICO credit score reached 704 last year, according to a report released by the scoring company in September, notching an all-time […]
College-sponsored bank accounts ding students with millions of dollars in fees each year, according to a report by the Consumer Financial Protection Bureau. The Education Department under President Donald Trump never published the analysis but advocacy groups recently obtained it through a Freedom of Information Act request. The bureau reviewed 573 colleges across the country […]
Some traders are using cryptocurrency as collateral to secure loans, allowing them to keep their bitcoin and get cash while avoiding capital gains tax. Due to the popularity of the option, the crypto loan industry has been growing rapidly. Crypto Loans and Tax Implications The ups and downs that have been synonymous with the crypto market ever […]
If you feel confident that you will live comfortably in retirement, you might want to double-check how much you are really saving. A new survey from Natixis Investment Managers finds that 44 percent of American workers who participate in a 401(k) or other workplace retirement plan feel secure about their retirement, as long as they […]
Investing in the stock market might sound intimidating, but getting started can be simple. “For many people, the best way to start investing is to contribute money to their 401k or other employer retirement plan with a company match,” Ryan Cole, a CFP and private wealth advisor at Citrine Capital in San Francisco, told Business […]
