Many workers dream of retiring early and getting to escape the daily grind ahead of schedule. But pulling off an early retirement is easier said than done. Here are a few telltale signs that you pulled the trigger on retirement sooner than you should have. 1. You’re not yet eligible to collect Social Security — […]
Trying to decide which mutual funds to choose for your 401(k) can be a nerve-racking endeavor. But it doesn’t have to be. To make retirement planning easier for you, here are five types of funds that can help you achieve strong investment returns while also prudently managing risk. Large-cap stocks Large-cap U.S. stocks should constitute […]
If this year’s tax filing deadline sneaked up on you, you were hopefully smart enough to file for a tax extension and buy yourself an extra six months to get your return over to the IRS. And while you still have roughly two and a half months until the Oct. 15 extension deadline, it never […]
Failing to save for retirement tends to be the biggest financial regret among Americans but millennials still want it all, they want it quickly, and without much sacrifice, data from a recent Bankrate.com study suggests. Perhaps unsurprising given the older generation’s general stereotyping of millennials as having less ambition and work ethic combined with an […]
If you want to retire earlier, especially if you are a late starter to retirement planning, time is not your friend. But there are steps you can take right now to grow your nest egg. A widely established business practice (known colloquially as Pearson’s Law) states: What you measure improves and what you measure and […]
Close your eyes and picture your ideal retirement. Some of you are probably on a beach, others may be touring Europe and a good number of people probably are thinking of family get-togethers, surrounded by kids and grandkids. But we’d bet that one thing you aren’t imagining is paying a big tax bill. Unfortunately, that’s […]
If you don’t have dental care coverage provided through work, you may be hesitant to buy individual coverage, with premiums reaching nearly $100 a month or more for some family plans. That may be why 74 million Americans didn’t have dental coverage at the end of 2016, according to the National Association of Dental Plans. […]
Retirement is a destination for sure, and one that we have been working toward for decades. But retirement is also a journey. It begins when we leave work and can easily last for 20 or 30 years. As with any journey, it sometimes makes sense to stop and review where we’ve been and where we’re […]
Budgeting, saving and getting out of debt probably don’t sound like a lot of fun, but app designers are trying to change that with an array of mobile apps to help people better manage their money. Some of these apps even use gaming elements to help make personal finance more fun and to increase user […]
Saving is the first step to building wealth. We all know saving money is important, yet many of us struggle to make consistent progress. Here are nine hacks to help you start saving more today. 1. Remember net worth trumps income Do you know your net worth? Many people know the number on their last […]
Owing money in retirement isn’t ideal — but most people do. Seventy percent of U.S. households headed by people ages 65 to 74 had at least some debt in 2016, according to the Federal Reserve’s latest Survey of Consumer Finances. So did half of those 75 and older. Paying debt usually gets more difficult on […]
We all want to save money, whether it’s for emergencies, retirement, or other major goals. And that’s why it’s crucial to keep our living costs as low as possible — because the less we spend, the more money we have available to set aside for different purposes. Here are a few expenses it pays to […]
