Don’t let your broker sweep your cash yield into the basement. A “sweep” account is a parking place for idle cash in your brokerage account. Cash from interest, dividends and securities sales flows into the sweep account — and that may mean that you have a pile of cash earning paltry interest. Many major brokerage […]
Babies don’t just mean you’ll be getting less sleep — they also can shake up your financial life in major ways as you figure out how to pay for the costs of bringing them into the world and caring for them. The last thing new parents need is to try to make tough financial choices […]
Everyone has regrets. You might wish that you had studied more in school, or that you hadn’t eaten that leftover pizza in the middle of the night. And there are certainly regrettable choices which, once made, are permanent. When it comes to our financial errors, though, it’s often possible to repair the damage – but […]
If your mom ever told you to avoid swimming after eating because the cramps it would cause would surely result in your drowning, you’ve probably known for a long time that not all advice is good advice. We all want what’s best for our finances, but sometimes it can be tough to tell what’s right […]
Brookfield Renewable Partners (NYSE:BEP) has done a remarkable job creating value for its investors over the years. The renewable-energy company has been able to consistently increase its cash flow to support 6% compound annual growth in its distribution to investors since 2012, which has helped boost the yield up to 6%. That steady dividend growth […]
Most Americans rely on Social Security benefits for income in retirement. And one big question that plagues them is: Will those benefits be there for me when I need them? The Social Security Board of Trustees said in April that its reserves will be depleted in 2035. That means, if nothing is done up to […]
Workers who get advice on all money matters impacting their lives do a better job saving specifically for retirement, a new report suggests. Among more than 2,400 employees who have had access to ongoing coaching for all aspects of their financial lives, the average retirement-plan contribution rate climbed to 9.4% of pay in 2018 from […]
After 13 years of marriage and renting, David Teicher, 34, and his wife decided to take a break from retirement saving so they could buy a home. It had always been a goal of theirs, but they needed a little more free cash to make it happen. Teicher, who is the chief content officer at […]
Call your accountant and bring out last year’s tax return: The Internal Revenue Service has released a draft of its new tax withholding form. The new Form W-4 is expected to be in use for 2020, and is currently open for comments from the public. Employees use this form to fine-tune the amount of tax that’s withheld […]
You don’t need a million dollars to live a luxurious retirement if you’re willing to leave the United States. “Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living. They’re wrong, Stevens said. The website for expatriates is out with a […]
When it comes to preparing for a financially comfortable retirement Opens a New Window. , you’re going to have to plan ahead Opens a New Window. . It’s important to take advantage of your Social Security benefits Opens a New Window. , specifically. In order to boost your retirement income Opens a New Window. , […]
While the layoffs at Ford Motor Co. are the latest to grab headlines, the automaker isn’t alone in trimming its payrolls. Retailers, snack foods companies, manufacturers and others are cutting costs across the country, too. This year, Michigan has seen or is expected to see layoffs at General Motors, the Detroit Medical Center, Concerto of […]
