As many Americans know, a credit score Opens a New Window. can meaningfully impact the ability to carry out many important financial transactions Opens a New Window. , like buying a house or taking out a loan. That can seem daunting for some looking to build up their relationship with a financial institution, but who […]
Most people don’t know you can call your credit-card issuer to ask for a reduced annual percentage rate (APR). Eight in 10 credit-card holders who asked for a lower interest rate in the past year were successful, according to a new survey from CompareCards.com. The average reduction was 6 percentage points. Credit-card companies may also be lenient when it […]
Social Security serves as a major income source for millions of retired seniors, and unless you’ve really saved a bundle, chances are you’ll end up relying on those benefits in retirement as well. Now you’ll often hear that it’s best to avoid filing for Social Security early, because doing so winds up reducing your benefits. […]
You know you need to save for retirement and you know how you need to do it. But what happens when you get to your retirement years? Do you know how to turn your life savings into a steady, tax-efficient stream of income? For many individuals, the answer is no. And you’re not alone. Most […]
No retirement plan is complete without allowing for healthcare. We all hope to remain healthy in our old age, but you can’t be sure. And a single unplanned medical expense could cost thousands of dollars, forcing you to drain your retirement savings faster than anticipated. Medicare is an integral part of most retirees’ healthcare plans, […]
You may have a retirement date in mind, but your savings will determine whether or not that’s actually feasible. You don’t want to risk outlasting your money, so it’s crucial that you take steps now to keep your retirement plan from going off the rails. There are several ways to approach this. One of the […]
In some respects, self-employed workers have a sweet deal. They can work when and where they want, doing what they love. But when it comes to saving for retirement, these workers struggle more than those with a 9-to-5 job. Just 56% of independent workers said they were actively saving for retirement, compared to 72% of […]
The average American is vastly underestimating what they will need in retirement, but they don’t know it, according to a new survey. Natixis Investment Managers surveyed 1,000 American workers with access to a company-sponsored defined contribution plan. The research spanned three generations: Baby Boomers, Gen X, and millennials. The survey found that two-thirds of those […]
Retirement is a major milestone, and one that involves a lot of planning. As such, it’s natural that you’d want to seek out advice before leaving the workforce and embarking on a new life chapter. That said, there’s a lot of outdated guidance on the internet when it comes to retirement, and following the wrong […]
About two-thirds of Colorado registered voters age 25 to 64 describe feeling anxious about having enough money to live on in retirement, and more than half estimate they are behind schedule in their retirement savings, according to a survey from AARP. Those personal concerns are translating into support by a high margin, 70 percent, for […]
Ariana Jalia has published two children’s books and runs a successful online jewelry business. She is hoping to make $3 million before turning nine years old. “I wrote my first book at three years old and I wrote my second book at four,” Jalia told FOX Business’ Stuart Varney Opens a New Window. on Friday. […]
Where do you see yourself in five years? Some of us might be able to give a clear answer, but many of us don’t know if we’ll be working for the same company (or even the same industry), if we’ll be living in the same town or city, if we’ll be single or partnered, and […]
