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 […]
Millennials in couples are far more open about discussing their finances with their partners than older generations. And experts say that’s helping make them happier. While there are a lot of factors involved in making a relationship work, experts say money plays a key role. Nearly nine in 10 millennial couples (classified here as those […]
First, the good news: You probably aren’t any worse off, financially, than previous generations who managed to retire with dignity. But even if you have decent savings, odds are you still aren’t properly prepared to support yourself in retirement. That’s the bad news. In the past 40 years, retirement systems in developed countries have gone […]
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 […]
