“Eventually, I’ll stop working.” Most of us think that and know it will happen, but millions of us worry whether we’re saving enough to live on once we do. We want to know: How much of my earnings should I set aside? What’s the magic number? 3%? 5%? 10%? More? What your financial adviser won’t […]
One Seattle-area marketing professional told us she has mixed emotions about the word “retirement.” To her, it brings to mind a 70-year-old sitting in a rocking chair. Her retirement will be different. She plans to “retire” from full-time work in 2020 — when she’ll be 30 years old. She says she will spend her life […]
A financial advisor can help you manage your spending, savings, and investments more effectively, but of course, they’ll charge you for it. And it could be worth the cost if you want to create a comprehensive budget or savings strategy, or if you’re too overwhelmed or confused by your money to plan for retirement or […]
At last! A cause for celebration. Feel free to dance in the streets. April 22 was a great day for people hoping to live beyond 2034. The Social Security Trustees 2019 report told us that the program would remain solvent through 2035. That’s an entire additional year! Glass-half-full types such as Nancy Altman, president of […]
Opportunity isn’t always linear. Sure, sometimes you move up or advance your career based on working hard, waiting patiently, and being the next person in line. In many cases, however, the best chances and opportunities come to people who put themselves in a position to succeed. That means doing one simple thing: saying “yes” as […]
Setting funds aside for retirement isn’t a directive aimed solely at older workers. Quite the contrary: Younger workers are also advised to contribute steadily to their IRAs or 401(k)s to give their money the maximum time to grow. Unfortunately, younger adults have a knack for making excuses as to why they’re not saving. Some blame […]
If you’re aiming for early retirement Opens a New Window. , you may want to closely monitor your 401(k) Opens a New Window. to ensure you’re contributing enough. You could even become a millionaire if you manage your money right, particularly those who take advantage of companies who offer matching programs. Financial services company Fidelity […]
People across the economic spectrum are struggling to pay their medical bills today. A recent survey by the Commonwealth Fund found that 41% of Americans have problems with medical bills or problems paying off medical debt. The situation is often especially challenging for freelancers with unsteady income. It can be hard to keep pace with […]
In order to retire comfortably, you have to be cleverer than ever in taking advantage of all the retirement savings options available to you. With so many potential obstacles to making ends meet during your golden years, the more you can save over the course of your career, the easier it’ll be to live the […]
The investment business is full of theories and recommendations about how to accumulate wealth. But the field has very little to say about the best ways to decumulate, or spend down wealth. This is an astonishing oversight, considering that the period over which wealth decumulation occurs is often as long as that of accumulation. If […]
More millennial women are interested in an active role in their finances, but they may still be waiting too long to get started. When we’re talking money, the stats are not on most women’s side– from earning less on average to waiting longer to invest, but some changes can help make sure you have a […]
You want to buy a home, but you haven’t been saving for one. You want to retire near the typical retirement age, but you haven’t been saving for that, either. Don’t worry, the homeowner and retirement fairies will be pulling up to your door soon to deliver a truckload of cash. Absurd, isn’t it? Nobody […]
