Running a business means controlling the financial fate of the folks who work with you and for you, which is why many company owners find the process of determining raises overwhelmingly stressful. If you’re at the point where you need to start making some compensation-related decisions, here are a few key questions to ask yourself […]
Social Security serves as a lifeline for the millions of seniors who rely on it to pay the bills. If you’re eager to make the most of your benefits, all the while avoiding unwanted surprises at present, here are a few key mistakes you’ll want to steer clear of next year. 1. Not knowing your […]
Financial commentators like “Rich Dad Poor Dad” author Robert Kiyosaki and “Financial Samurai” blogger Sam Dogen agree: The key to becoming wealthy is passive income. “The rich do not work for money,” Kiyosaki once said in an interview with MarketWatch. “If you act like a mule, chasing the carrot — the buck, the bonus, the […]
The ugly truth is that far too many people are behind on saving for retirement. A third of American adults have less than $5,000 stashed away, according to research from Northwestern Mutual. As a result, many retirees are forced to rely on Social Security benefits for the bulk of their income once they leave the […]
Many workers look forward to retirement and the opportunity to enjoy life without the restrictions of a full-time job. But making a full-fledged break from the workforce is easier said than done. Here are a few reasons why retirement is no longer the sure thing it might’ve been years ago — and what you can […]
More is not always better. Sitcoms, for example, have taught us that having two dates on the same night just creates chaos. It’s nice to have choices, but how we handle those choices can have long-lasting ramifications. When people search for a job, most cast wide nets. The goal is to land as many interviews […]
As the holiday shopping season intensifies, the Education Trust Board of New Mexico is reminding New Mexicans that gifts toward a child’s education can be deposited not into a Christmas stocking or under a mattress, but in a state savings plan where gifts may grow over time. As the costs of post-secondary education mount, paying […]
One of the great things about being a salaried employee is gaining access to a host of workplace benefits, from health insurance to paid time off to a 401(k) plan. But while some of those benefits might seem like awesome perks, the reality is that they’re not all they’re cracked up to be. Here are […]
The median net worth excluding home equity for Americans approaching retirement age is around $46,000. Using the 4% rule as a guide to sustainable retirement spending levels, $46,000 will provide around $1,840 per year in inflation-adjusted spending power. Throwing sustainability out the window, that $46,000 will provide a couple with a little under three years […]
The ability to save money is one of the many skills one must learn in order to become financially successful, and one of the most difficult. Moody’s Analytics analyzed different demographics and determined that savings rates increase as we age. Sadly, according to their data, only one age group saves between ten and fifteen percent […]
You still have time before the end of the year to make some money-smart moves that will improve your retirement nest egg. Here’s how: Max out your retirement plan: You may be able to squeeze a little more money from each paycheck for your retirement savings. You can contribute up to $18,500 to a 401(k), […]
Social Security is one of the most important factors in older people’s financial lives. Yet the available information on the system is often contradictory or incorrect. Even the Social Security Administration, the government agency that administers the benefit, can mislead people, experts say. “Half of the answers Social Security is giving people are wrong or […]
