For several years leading up to 2018, the stock market was abnormally calm. Stocks had some ups and downs, but generally continued to march higher without much disruption. Then, in the fall of last year, we started to see a spike in market volatility. More sizable drops in the prices of stocks — even when […]
Many seniors look forward to retirement, especially those who wrap up their careers feeling overworked and overwhelmed. But while the freedom associated with retirement is certainly something positive to anticipate, many Americans who go into retirement excited about that prospect wind up cash-strapped and miserable fairly early on. And the reason often boils down to […]
For most people, pensions are a thing of the past, so it’s up to most workers to provide their own financial futures, along with some help from Social Security which is meant to replace 40% of pre-retirement income. It goes to show, saving for retirement early and often is a critical undertaking for all Americans. […]
You’ve practiced your power pose. You’ve finalized your outfit. You even have a playlist to get you in the right frame of mind. It is time for your salary negotiation. Yes, asking for a raise can be tricky and terrifying — so much so that, according to InHerSight research, 60% of women haven’t asked for […]
If you’re not already receiving regular Social Security payments, you probably will be one day, and if you want to be smart about it by reaping as much as you can, don’t simply leave things up to chance. The income you’ll receive from Social Security isn’t set in stone — there are things you can […]
WHETHER YOU WANT TO teach your child smart money-management strategies, help them pay for college or set them up for financial success as adults, it’s important to jump-start saving for kids early on. However, it’s critical to use the right account. “A lot of parents view their home equity as a savings account,” says Jon Brodsky, CEO, […]
Retire this behavior, immediately. One in four adults under 35 with a 401(k) has already made an early withdrawal, according to a survey of 2,700 adults released Thursday by financial institution Merrill Lynch and aging think tank Age Wave. The most common reason they cite for taking the early withdrawal: to pay credit card debt. […]
If you’re lying awake at night because of money stress, you’re not alone. Forty-four percent of U.S. adults say money is the most significant source of stress in their lives, according to a 2018 study on money and emotions by Northwestern Mutual. Rising health care costs and the risk of unplanned expenses are the highest anxiety […]
Most people would like to be saving more money. Whether it’s to pad an emergency savings account, to eventually buy a house or to some day be able to take that dream vacation to Europe, it’s the general consensus that the more you can save, the better. If saving equals good stuff, then why is it so hard for […]
A new survey found that 23% of Americans don’t save any money from their paycheck. Here’s what you need to know. 2019 Savings Survey As part of its 2019 Savings Survey, First National Bank of Omaha examined Americans’ habits, behaviors and priorities when it comes to saving, monthly spending and retirement planning. First, the good news. […]
Myth 1: Travel rewards credit cards have high annual fees. Some travel rewards cards have no annual fee. Many charge in the neighborhood of $95 a year. Usually that fee can be offset by using the cards’ perks: free checked bags for airline-branded cards, for example, or a free night’s stay every year for hotel-branded cards. […]
Want to be wealthy? You’ll need to invest, says Erin Lowry, the personal finance expert behind Broke Millennial and author of “Broke Millennial Takes on Investing: A Beginner’s Guide to Leveling Up Your Money”. Millennials are in a good position to invest, because they can tap into investing’s biggest asset — time. “Time enables you to weather the […]
