Though retirement is often a liberating period of life, it can also be a stressful one — especially from a financial standpoint. The more careful you are with your money, however, the less stress you’ll encounter. And that’s why you’ll need to avoid the following mistakes at all costs. 1. Not following a budget Just […]
When the inevitable financial emergency strikes, will your retirement suffer? Without easy access to money, the proverbial flat tire, unexpected plumbing issue or hospital visit will set anyone into a scramble for cash. Will you need to borrow from friends and family, go into credit card debt, or take a payday loan? Without other options, […]
Shave down your tax bill in the future by funding these two savings accounts in the present. Employees are likely familiar with the traditional 401(k), an account that allows you to put away pretax dollars and have them grow on a tax-deferred basis. Once you begin drawing down income in retirement, you will pay taxes […]
The holidays might be a joyous time of the year, but they’re also an expensive one — so much so that more than 25% of U.S. adults have landed in holiday debt in the past. For financial reasons, a large number of Americans find this time of year overwhelmingly stressful. The logical part of you […]
Starting a new job often means spending your first week or so filling out paperwork, meeting more new people than you can easily count, and being asked to read the 100-page monstrosity known as your employee handbook. The purpose of an employee handbook is to spell out a company’s rules, procedures, goals, and so forth. […]
The stock market’s volatility this past week was probably easier to stomach for seasoned investors, especially those who have the luxury of calling a financial adviser for some hand-holding. But novices using low-cost micro-investment apps don’t have a reassuring human standing by to help them. So what do they get instead? Investment apps are sending […]
After a wild on Wall Street, investors are nervous. The Dow Jones Industrial Average DJIA, -3.10% has been on a rollercoaster ride this week, closing down 799 points Tuesday, giving investors reason to fear that the 9-year bull market, the longest since World War II, is coming to an end. Many working Americans are understandably […]
A tap here and a tap there is all it takes to end up in the red. Mobile payments encourage people spend more money, according to a recent study performed by researchers at the University of Illinois at Urbana-Champaign. The researchers examined transaction data from one of the largest banks in China and Alipay BABA, […]
Unplanned purchases are a part of life no matter your age. You walk into a store expecting to buy milk and come out with an $80 appliance that caught your eye. You head home from work expecting to cook dinner, then run into friends who invite you to a pricey restaurant. Spending money on unplanned […]
Social Security is the primary source of income for 49% of adults who have been retired for more than 10 years and 43% of recent retirees, according to a survey by Nationwide. Interestingly enough, that same study found that only 20% of adults nearing retirement believed they would be able to rely on Social Security […]
Saving money is key to accomplishing just about anything with it, from buying a house to building an emergency fund to retiring without a struggle. Unfortunately, saving can seem difficult — especially when you aren’t sure where to find extra funds to set aside. The good news is that there are proven ways to boost […]
Retirement is a period many people look forward to. If you’re planning to leave the workforce next year, you’re no doubt eagerly anticipating the freedom that decision will bring you. At the same time, you don’t want to rush into retirement without being adequately prepared. Here are a few key things to know about retiring […]
