In the last 150 years, we’ve had a number of innovations that radically changed the way we live. You can tick off the list: electricity, the automobile, refrigeration, TV, the Internet. But one innovation rarely makes those lists. It is just as significant if not more so… Retirement. The idea that people can stop working […]
Each year the trustees of Social Security issue a report on Social Security’s financial condition to Congress and the public. The 2019 report came out a few weeks ago, and you can find the 2019 report here. The report sparks and lot of headlines and discussion about the fate of the program and those who […]
Residential builders have found a new home: Amazon. Prefabricated and modular housing — with homes prebuilt in factories — is having another moment. From 2013 to 2018, industry revenue grew an annualized 8.6% to nearly $10.5 billion, including growth of 4.1% in 2018 alone, according to research firm IBISWorld. Previously associated with Dwell and other […]
Even as the U.S. economy Opens a New Window. strengthens, many Americans are having a hard time saving Opens a New Window. – even for unexpected emergencies. The Federal Reserve Board released its Report on the Economic Well-Being of U.S. Households on Thursday, finding that only 61 percent of Americans could cover an unexpected $400 […]
If you haven’t opened an online savings account, you’re likely missing out on extra cash. Without the overhead expenses that come with operating a branch, digital banks can pay more interest. Today’s best online savings accounts pay more than 2 percent APY. By opening one of these accounts, the average American could earn up to […]
Lawmakers in the House of Representatives have passed a bill that aims to improve the nation’s retirement savings, moving it a step closer to becoming law. Called the Secure Act and backed by both Republicans and Democrats, the measure includes a variety of provisions intended to increase the ranks of savers and the amount they […]
Patty Angeles got the deal of a lifetime when she went shopping two years ago for secondhand furniture for her new apartment. The 25-year-old from Austin, Texas picked up almost-new shelves — and a fiancé. “We tell people we met on an app,” Angeles told MarketWatch. That’s true, but not in the way most people […]
According to Fidelity, in order to have a decent shot at maintaining your standard of living in retirement Opens a New Window. , you should have six to nine times your salary Opens a New Window. tucked away in a 401(k) Opens a New Window. or other accounts by your mid-50s to early 60s. This […]
There has been a great deal of news about the rising cost of college tuition. However, discounts at private colleges and universities are actually on the rise. Private colleges are offering students larger grants relative to tuition prices than ever before, according to a new analysis by the National Association of College and University Business […]
Retirement can be a tricky subject, and there are so many questions to ask yourself as you’re drafting your retirement plans. How much should you save? How will Social Security benefits factor into your retirement budget? Are you taking healthcare costs into account? For many people, though, one of the most important questions is this: […]
Social Security Opens a New Window. can be an important part of a diversified retirement plan, as long as individuals understand the program and its benefits Opens a New Window. . According to a recent survey, the average age current retirees began collecting was 62. However, most future retirees expected to begin collecting at 65. […]
As the U.S. economyOpens a New Window. strengthens – about a decade into an economic expansion – some Americans are seeing one very important three-digit number climb higher: their credit scoresOpens a New Window.. The average FICO credit score reached 704 last year, according to a report released by the scoring company in September, notching an all-time high. […]
