Some American millennials are pretty positive about their financial situations. More than 50% of them think they’ll be millionaires one day, according to a 2018 TD Ameritrade survey, and more than a quarter of that group believes they’ll reach that milestone by age 40. Other studies similarly revealed millennials’ optimistic mindset: The investment-research platform YCharts […]
Investors hear a lot about the importance of diversifying their retirement portfolio. Having the right mix of small and large caps, U.S., international, bond and alternative investments is critical to your long-term success. But what about tax diversification? This can be just as important as what kinds of stocks, bonds and mutual funds you own. […]
President Donald Trump and his business filed suit against Democratic House Oversight Committee Chairman Elijah Cummings on Monday to block a subpoena sent last week seeking information about the president’s finances. In the complaint filed in Washington, D.C., federal court Monday morning, Trump’s lawyers said that Democrats have “declared all-out political war” against him. “Subpoenas […]
In late 2018, ConsumerAffairs heralded that two major changes in how credit scores will be determined were on their way. That time has come. Both Experian and the Fair Isaac Corporation (FICO) have tacked on new metrics in hopes of improving how it evaluates the overall creditworthiness of borrowers. With the aim of gaining a […]
Turn on your tap to help stop pouring on the pounds. Kids, teens and young adults who don’t drink water end up guzzling almost 100 extra calories a day from sugary beverages, on average, according to a new study in JAMA Pediatrics. About one-fifth of the 8,400 subjects ages 2 to 19 in the nationally […]
There are millions of reasons to be frugal. “Ocean’s 8” and “Crazy Rich Asians” star Nora Lum — you may know the rapper and actress by her stage name, Awkwafina — seems to know this well. Though she’s worth millions, she recently admitted to many frugal habits. Earlier this month on the “Death, Sex & […]
Only 64% of workers in America have anything saved for retirement, according to the 2018 Retirement Confidence Survey — and a whopping 47% have less than $25,000 saved, per the prior year’s survey. Clearly, most of us have a lot more saving to do to avoid spending our last decades stressed out making ends meet. […]
Although you may know it’s not healthy to constantly try to keep up with the Joneses, it’s human nature to want to see where you stand in comparison to your peers — and it’s no different when it comes to saving for retirement. Everyone’s retirement needs are different, so everyone needs a different amount saved […]
You’ve screwed up. You’re drowning in debt. You haven’t saved for retirement. You’ve chopped yourself to bits in the stock market. “Too late now, I’m screwed.” You are not screwed. The only way you are screwed is if you are at retirement age already. Then it is kind of too late. But if there is […]
Retirement is supposed to be an enjoyable period of life, but if you don’t plan for it properly, the opposite might end up holding true. Here are four mistakes that could derail your retirement and leave you cash-strapped and miserable at the same time. 1. Relying on Social Security alone Though Social Security helps millions […]
Contrary to popular belief, it’s good to be neighbors with Mary Jane. A new study from real-estate marketing firm Clever found that home values increased nearly $23,000 more between 2014 and 2019 in cities that allow retail cannabis dispensaries to set up shop compared with cities where recreational marijuana was illegal. “Investors see the opportunity […]
Hoping to avoid a tax surprise for 2019? Talk to your accountant before you use the IRS tax withholding calculator. That’s because user error and failure to consider state and local taxes could result in incorrect adjustments to the income taxes you have withheld at work. The 2018 tax year brought in a host of […]
