Are you counting the days until you become eligible for Social Security benefits at age 62? If so, you’re not alone. Sixty-two has long been one of the most common ages at which to claim Social Security benefits — even as experts repeatedly advise waiting as long as possible. Waiting to claim Social Security benefits […]
There are certain financial lessons we all tend to learn in life, like the importance of saving money and staying out of debt. But sometimes, the best advice out there can lead us astray. The following money moves might seem wise at first glance, but in reality, they could wind up hurting you financially. 1. […]
Young people are optimistic when it comes to their financial futures. According to new research from Charles Schwab, which surveyed 2,000 young Americans aged 16 to 25, a resounding 76 percent think they’ll have a better financial future than their parents. And they expect to retire, on average, at age 60. That’s “seven years earlier […]
Collectively, Americans are struggling to set aside money for retirement: 21 percent have nothing saved at all for their golden years. One Minneapolis-based millennial, who goes by the pseudonym Sean, is doing far better than average: The 28-year-old had managed to sock away $256,444 as of July 2018, he reports on his blog, and expects […]
When it comes to early retirement, there’s no discounting the importance of having enough money saved to retire early, but many early retirees will tell you the truth: money doesn’t really matter once you get there. Brandon of the blog Mad Fientist, who retired at age 34, previously told Business Insider he wishes he knew […]
Are you dreaming of handing in your notice at work and joining the ranks of the retired? Retirement can be wonderful — if you’re prepared for it. So before you put an end to your career, it’s essential to make sure you’re 100% ready. Not sure how to do that? Taking these five steps can […]
Now that April is well behind us, most folks don’t tend to have taxes on the brain. But if it comes to your attention that you made a mistake on the tax return you submitted several months back, it’s not too late to amend it. In fact, you get three years from the date your […]
There is a general perception in Australia that seafood is expensive, which leads many to avoid buying and preparing fresh seafood. This creates a self-fulfilling prophecy because less purchase and preparation then leads to reduced skill in preparing seafood, which often leads to spoilage, which further increases the perception that fish is expensive. Fish doesn’t […]
“Out of clutter, find simplicity.” — Albert Einstein There are more than 5,000 exchange-traded funds in use around the world, according to research firm ETFGI. Yet to build retirement wealth, you may only need two of them. Yes, just two. The Vanguard Total Stock Market ETF (NYSEMKT: VTI) and the Vanguard Total International Stock ETF […]
One Minneapolis-based millennial, who goes by the pseudonym Sean, has already managed to bank $250,000. The 28-year-old is on pace to retire comfortably by age 37. He saves a good chunk of his $80,000 salary — more than 60 percent — which he says is doable if you focus on three expenses: housing, transportation and […]
Divorce crushed Dennis Nolte’s retirement plans not once but twice. The first time, which was more than 20 years ago, “everything burned to the ground,” Nolte said. He had to start over financially from scratch. The second divorce was rough, too, but he was better prepared. What happened in between is that Nolte rebuilt, little […]
How many times have you tossed notices from your credit card issuer without reading them? The best answer is “never.” You could be discarding a credit card interest rate increase notice. Credit cards can change annual percentage rates (APRs) under various circumstances dictated in the terms and conditions of your credit card agreement (another document […]
