Running out of money in retirement is a huge concern. And given that a large number of workers in their 50s and 60s are behind on savings, it’s a clear source of stress for those who don’t feel adequately prepared. The good news is that there are several tactics you might employ to boost your […]
Category: Personal Finance
How women can trim the retirement savings gap
Women put in a lot of free labor in the form of caring for loved ones — and that is costing them in retirement. A recent survey by the MassMutual insurance company found that women expect they’ll have a five-year income shortfall in retirement. Men, on the other hand, believe that their income will be […]
5 Signs You Shouldn’t Work From Home
Working from home certainly comes with its share of benefits. Not only does it allow you to avoid what could otherwise be a terrible commute, but it affords you an opportunity to save money on travel costs and other expenses associated with working in an office. Still, working from home isn’t for everyone, and here […]
How Often Should You Update Your Resume?
Whether you’ve been in the workforce for a couple of years or a couple of decades, you’re probably aware that a strong resume could spell the difference between getting hired at your dream job or getting passed over. You’re also most likely aware that as your skills and responsibilities change at work, it’s crucial to […]
Your Open Office Is Killing Collaboration
Want your business to be a success? Most top companies will tell you that facilitating effective collaboration is key to achieving big things. In fact, businesses across all industries continually strive to improve communication among workers so new ideas can be born. In recent years, this worthy goal of improving information exchange has led to […]
Here’s what economic growth means for your investments
The U.S. economy just got its best report card in nearly four years. If growth truly is ratcheting upward on a sustained basis, as the White House suggests, then that could alter the outlook for stocks, bonds, housing and other investments. The higher-growth scenario becomes more likely after a second-quarter rise in U.S. Gross Domestic […]
Why Social Security’s COLAs Almost Don’t Matter
Recently, my colleague Sean Williams reported that come 2019, Social Security recipients might see their highest cost-of-living adjustment, or COLA, in nearly a decade. For those who rely on Social Security for the bulk of their retirement income, that’s clearly a much-needed dose of positive news, especially since over the past 10 years, beneficiaries were […]
5 Proven Ways to Boost Your Retirement Income
Running out of money in retirement is a major concern for those approaching that milestone, and that includes folks who have saved substantially. If you’re concerned about depleting your nest egg too quickly, you should know that there are several steps you can take to boost your retirement income and buy yourself some much-needed peace […]
I paid off my mortgage with a credit card—here’s how
Earlier this year, my husband and I dropped a major debt we had been carrying around for years — our home mortgage. We decided many years ago that we wanted to be entirely debt-free by the age of 40, and we made it with a few years to spare, as we’re both 38 now. But, […]
Most U.S. Colleges’ Costs Exceed Federal Loan Limits
With college growing more and more expensive by the day, many students have no choice but to take on debt to finance their education. And unfortunately, today’s federal loan limits keep many students from accessing the financing they need to obtain their degrees. An estimated 70% of U.S. colleges charge tuition and fees that exceed […]
If you can’t picture retirement, bring savings goals closer
What you likely won’t do is die, at least statistically speaking. A woman who turns 30 this year is expected to live another 55 years, according to Social Security’s estimates. A man will live another 51. And yet according to new research from PGIM Investments, more than a third of millennials said they “don’t see […]
Why retire when you’re too old to enjoy it? Quit your job now
Millions of Americans obsess over their careers and fret about saving, terrified they won’t have enough to ever retire. The advice now being offered by some experts may surprise these worried souls: Take months or years off from work, travel the world and enjoy yourself. There’s prudent logic behind a relaxing mid-career break. With longer […]