These days, having an adult child live at home is relatively commonplace. As of 2016, 15 percent of 25- to 35-year-olds were living in their parents’ home, according to a 2017 study from Pew Research Center. For many well-meaning parents, welcoming their adult children home means helping them manage a transition, save money, pay off […]
You don’t have to look far to find disconcerting headlines about saving for retirement. According to the 2018 Northwestern Mutual Planning & Progress Study, one in three Americans have less than $5,000 set aside for retirement. While Americans’ lack of retirement planning and subpar savings habits are a cause for concern, fortunately there is […]
The stereotype of retirement where people lounge on a beach somewhere for the rest of their days, is retired. Older workers aren’t always counting down the days until retirement — many do work, just in different capacities, studies show. The Bureau of Labor Statistics estimates in the next eight years, the groups of workers 65 […]
It’s easy to see the appeal of starting a small business. It can be a path to the American Dream, and along the way, it gives entrepreneurs a shot at controlling their own destinies and creating something for themselves and their families. So it should come as little surprise that when surveyed on behalf of […]
Doubling your savings may not be as hard as it sounds. There are a handful of simple habits you can start today that could make all the difference with your money. But don’t take our word for it. We rounded up six tried-and-true strategies from early retirees and super-savers that don’t require much time or […]
A growing percentage of Americans believe they’ll have to work well into their 60’s and beyond in order to save up enough for retirement. In fact, Northwestern Mutual’s 2018 Planning & Progress Study found that 73 percent of those planning to work past traditional retirement age are doing so because they don’t have enough saved […]
When you place your money in a financial institution, the last thing you want to worry about is paying excessive charges for routine tasks like using a checking account or withdrawing money from an ATM, or leaving yourself vulnerable to fraudsters. And beyond dodging exorbitant extra fees and safeguarding your personal information, there are plenty […]
Are big changes coming to your 401 (k) and IRA? Congress is looking at a series of changes. Among them: 401 (k) sponsors would have to show you, on each statement, how much income your balance would generate with an annuity. The goal is to help you better understand where you stand retirement-wise. Lawmakers may […]
The ocean? The mountains? Downsize? Upsize? Near the grandkids? With other retirees? Seek peace, quiet and solitude? Get closer to the action? So many choices are available to us and we have the freedom to move anywhere we like – or nowhere at all. How should you make this huge decision? Help is Everywhere There […]
Saving for early retirement is one thing, but will those savings actually last an early retiree for his or her lifetime? After all, thanks to inflation, $1 million is no longer what it used to be. The amount of money you need to save to retire early depends almost entirely on two things: your cost […]
You likely shop around to find the best prices for groceries, clothing, and electronics. But what about for medical procedures? If not, you should start today. Most Americans assume medical procedures are set at a relatively fixed cost, but they could be losing out on thousands of dollars a year by not shopping around, a […]
A lot can happen over 40 years. You’re likely to change jobs upwards of 10 times, according to Bureau of Labor Statistics averages. Odds are good you’ll get married and have kids. You might buy a house or get a dog. You’ll eat over 4,000 pounds of potatoes, assuming consumption averages from the National Potato […]
