Republican Sens. Rick Scott (Fla.) and Mike Braun (Ind.) introduced a bill on Tuesday to end taxpayer-funded pensions for members of Congress. “When Congress failed to do their job and created the longest government shutdown in history, hardworking Americans were forced to go without pay while members of Congress were still collecting paychecks. That is […]
If you read a 401(k) brochure or attend an investment seminar, you might encounter a sentence like this: “Funds in your defined contribution plan feature a glide path that helps mitigate longevity risk in retirement.” Say what? Too often, retirement plan providers rely on jargon to communicate important terms about workers’ 401(K) options, according to […]
Economists who argue that there is no retirement income crisis are missing the point. The crisis is not today, it is 20 years in the future. But the time to act is now, before it’s too late. Every day, millions of Americans go to their jobs, work hard, and play by the rules to pay […]
Financial independence, retire early. Millennials and anybody else looking to break the shackles of their desk jobs by cutting costs to the bone and maximizing savings have been belting that FIRE mantra from the rooftops lately. But just how realistic is such a goal? Cost-estimating website HowMuch.net gathered GoBankingRates data to create this map of what it […]
With a new tax law in effect and a surge of tax returns expected during the Presidents Day weekend, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need quickly and easily. The IRS receives more phone calls on the day after Presidents Day than […]
Filing taxes is a stressful process, but getting audited can be even more anxiety-inducing. The good news is that less than 1% of all tax returns get audited each year, and if you’re a middle-income earner, your chances are even lower. On the other hand, certain actions on your part could instantly increase your audit risk. Here […]
Roth IRAs can help combat one of retirees’ biggest fears: running out of money. Among folks who are currently retired, 37% cite outliving their savings and investments as one of their top fears, according to a recent Transamerica Center for Retirement Studies report. It’s not just people who are already retired who are troubled, either: […]
If you’re the romantic type, Valentine’s Day is no doubt something to look forward to. But if you’re the money-conscious type, it’s an event to dread. The cost of treating your partner to a day of romance isn’t something to take lightly. According to the second annual MoneyWise Cost of Love Index, here’s what some […]
There’s a lot of debate about the best time to start taking Social Security benefits, and the truth is: there’s no right answer. It all depends on your life expectancy and how long you can afford to wait to start receiving benefits. While it’s impossible to know exactly how long you will live, you can […]
It’s an unfortunate thing that most employees today aren’t pleased with their work-life balance. When you spend too much time plugging away at the office, it can not only impact your attitude about your job, but also, your health and relationships. If you’ve been struggling with work-life balance, it pays to pursue your options for a […]
There are certain topics that even romantically linked folks are loathe to broach. For example, many Americans won’t divulge their weight to their partners, even when the repercussions of doing so are likely to be nonexistent. Similarly, many folks don’t care to discuss their dating history. But here’s one surprising thing working adults are keeping […]
For many workers, commuting is a part of life. And while there are benefits to commuting, like getting a chance to clear our heads before and after work, those of us who are forced to spend hours each week in a car, or on a bus or train, would most likely appreciate having that time […]
