WHEN PAYING REGULAR expenses, you may feel like you’re working with faceless companies that throw out certain prices for their services, take it or leave it. Many people don’t bother to negotiate. They look at the price, decide whether they’re willing to pay it and move on. The truth is that many of the expenses consumers […]
Women are the economic engines of more than half of American households. Most will live longer than their male counterparts. And in their lifetimes, four out of five will be solely responsible for their finances. When thinking about women and financial confidence, it’s important to acknowledge that women are increasingly in the driver’s seat when […]
One of the most important aspects of retirement planning is making housing plans. The reality is that you need a place to live in retirement and there are a lot of different options. Furthermore, even if you decide to just keep the status quo and age in place, there are a lot of factors to […]
While younger Americans may be forcing their parents to tap their retirement savings for financial support Opens a New Window. , new research shows they should not follow their parents’ retirement Opens a New Window. savings strategy. In a recent report titled “Reimagining Retirement: Generational Strategies for 21st Century Challenges” researchers from the Wells Fargo […]
If you get a sinking feeling in your stomach when you think about your retirement finances, you’re not alone. In fact, 75% of Americans report feeling only somewhat confident or not confident at all about their future financial health, according to a Fidelity survey. Respondents said they worry about outliving their assets, rising healthcare and living […]
You’ve worked hard, socked away savings, and may even have some retirement goals in mind — whether it’s climbing Kilimanjaro, spending more time with your family or moving to that cottage by the sea you’ve dreamed about during conference calls. Regardless of your goals, it’s important that your finances are on track to help you […]
Budgeting apps keep you from overspending The budgeting app keeps track of your income and expenses, warns you when you start overspending, and lets you monitor your total net worth. Rosenberg uses Mint, but I prefer YNAB—its “give every dollar a job” system has revolutionized the way I look at my finances, and my net […]
Health can destroy wealth. Just in the past year, Americans borrowed an estimated $88 billion to cover health-care costs, according to a 2019 survey from West Health and Gallup. What’s more, 45% of Americans are concerned that a big health event could cause bankruptcy. They’re right to be concerned. More than two in three bankruptcies […]
America’s credit bureaus haven’t exactly covered themselves in glory when it comes to protecting your private data. So you might well be skeptical about two new credit-enhancing products that require not just credit information but also access to your bank accounts. Experian and credit scoring company FICO introduced UltraFICO last year as a way to […]
You’re not going to like this. Millennials spend more time on social media than older generations: People ages 25-34 spend 141 minutes per day on it, versus 105 for the 35-44 set. And that could be hurting both their finances and mental health. Indeed, nearly half of millennials (49%) say that their spending habits have […]
Retiring early is a dream for many. After all, a life of leisure with no need to report to work sounds great — especially if you have plans for retirement, such as traveling the world. Unfortunately, even if you actually manage to save a pretty substantial nest egg, there could be obstacles standing in your […]
After working hard all your life, the last thing you want to do is find yourself cash-strapped in retirement Opens a New Window.. But if you’re not careful, that could be the reality you inevitably wind up facing. Here are a few reasons why you might struggle financially during your golden years — and what […]
