Americans are hardly known for being great savers. If anything, they have a tendency to spend money and rack up huge loads of debt in the process. The problem has gotten so bad, in fact, that 65% of Americans in debt have no idea when they’ll shed it. Worse yet, 25% of those in debt […]
Most people think of a 401(k) as a smart place to invest their money, and it can be. But it can also be a poor choice if your 401(k) restricts your savings’ growth by charging high fees or offering few investment products for you to choose from. Before handing over your hard-earned cash, you need […]
Retirement is a monumental transition in a person’s life, and it shouldn’t be taken lightly. Every aspect of life is affected by the decision to retire, including relationships, health and wellness, and of course finances. Couples in particular are learning how to share their hopes and fears about retirement with one another, and looking for […]
With life expectancy and inflation rates rising, Americans are increasingly delaying retirement as they fear their nest egg running out. How should one combat this? Well, you could always plan for a shorter retirement, simply because it would be easier to manage costs over a shorter time frame. You could also take up a part-time […]
If you find retirement planning daunting, a target-date fund purports to offer relief. They’re designed to provide a “set it and forget it” investment solution for individuals with a long-term savings goal, like retirement. While target-date funds have certain benefits, their cookie-cutter approach also has its drawbacks. You may already have a target-date fund in […]
Few, if any, social programs pack a punch for the American public quite like Social Security. This is a program that provides a benefit check to nearly 63 million people each month, 7 out of 10 of whom are retired workers. Of these retirees, 62% lean on their monthly payout to account for at least […]
There’s a common misconception that any credit check lowers your credit score and hurts your ability to get approved for loans and new lines of credit, but this is only sometimes true. There are actually two different types of credit checks — hard and soft inquiries, and they depend on what the information is being […]
In today’s competitive job market, it’s more crucial than ever to make sure your employees are reasonably content where they are. And that means helping them feel appreciated, no matter what role they play within your organization. In today’s competitive job market, it’s more crucial than ever to make sure your employees are reasonably content […]
If you’re a small business owner with a single location, you have complete control over your business. As you get bigger, however, it can be harder, if not impossible, to oversee every situation personally. If you add a new location or even just expand your current one, you may have to trust others to run […]
Most small business owners know they need to have a website, but many don’t take full advantage of all the digital opportunities available to them. This puts them at a disadvantage to larger rivals that boast a robust digital presence well beyond a website. Do this first Before you worry about all the other opportunities […]
THE INCOME YOU EARN AND the amount that ends up in your paycheck can be very different figures. That’s because your gross income is not equal to your net income. “Welcome to America. You’d better understand how the (payroll) system works,” says Mark Fried, author of “Road Rules to Retirement: Set Your Destination Enjoy the […]
Your investments are affected by many different factors, a lot of which you have little or no control. But what you can control is how much you invest and where you invest that money, two things that will likely change as you age. Investing after retirement requires looking at your current financial situation, and then […]
