Sam Dogen, a San Francisco-based blogger at the Financial Samurai, retired in 2012 when he was 34. Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Dogen said he suffered an identity crisis after giving up his title as executive director at an […]
Imagine you’re retiring today. You’ve been contributing to your 401(k) for decades, and you’ve built up a strong nest egg. Now what do you do with it? Three in 10 employees don’t have an answer to that question, according to a new study from the Employee Benefit Research Institute. In other words, they’re heading into […]
It’s Personal Finance 101: If you want to be good with money, you have to learn how to save it. But there are only so many slices of avocado toast you can refuse. At some point, being good with money requires something a bit more difficult: earning more of it. As awkward as the conversation […]
Getting your finances in order isn’t a one-time task — it’s an ongoing process. Whether it’s budgeting, planning your debt payoff, or monitoring your credit, your financial life needs regular, reliable attention. The right set of tools can help. We’ve rounded up some of the best money apps and services to help you get on […]
Many people are late on their credit-card payments because they simply don’t have the cash. But an even more shocking number don’t pay because they, well, forget. Some 448 of respondents in a survey of 2,000 people released Tuesday by personal-finance company NerdWallet said they had made a delinquent payment on their debt, meaning the […]
The total civilian labor force is slightly over 162 million people, according to the July 2018 Employment Bulletin from the Bureau of Labor Statistics (BLS). 156.0 million of the labor force is currently employed, while 6.3 million are unemployed. 129.0 million of those employed are full-time workers. Hopefully, you are one of them. Do you […]
The vast majority of Americans, 70 percent, now support Medicare-for-all, otherwise known as single-payer health care, according to a new Reuters survey. That includes 85 percent of Democrats and 52 percent of Republicans. Only 20 percent of Americans say they outright oppose the idea. “Medicare is a very popular program, so the idea of expanding […]
A new study finds the median American household has $4,830 in a savings account. That’s enough to cover minor emergencies and potentially even a few months of living expenses. Overall, between bank accounts and retirement savings, the median American household currently holds about $11,700, according to MagnifyMoney. Almost 30 percent of households have less than […]
1. Protection for personal assets If you operate your company as a sole proprietor or you’re a general partner, the law doesn’t see any separation between you and the company. If your business is sued and there’s a judgment against you, personal assets are at risk. If your company gets deeply into debt, you may […]
The classroom is where many Americans learn to read, write, perform arithmetic and speak a foreign language. So can it also be the place where they master important financial concepts such as how to manage debt, improve credit, take out student loans and plan for retirement? For many politicians, educators and financial literacy advocates, this […]
For women in particular, divorce is financially perilous — at least, that’s what nearly all the studies tell us. There’s even a phenomenon sometimes referred to as the “divorce gap”: It was documented by Stephen Jenkins, a professor then working at the University of Essex, who found in a 2008 study that women who divorce […]
There are a variety of decent retirement savings benchmarks out there. How much other people your age have saved isn’t necessarily one of them. After all, age is just one factor in how much you should have saved for retirement, and it assumes you and everyone else who hit their Sweet 16 in 1999 will […]
