How not to run out of money in retirement

Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently proposed a relatively straightforward strategy that can help. In its simplest form, the “Spend Safely in Retirement” plan suggests waiting […]

Why a 29-year-old who made $132,000 last month drives a 14-year-old car with 137,000 miles on it

After paying off $40,000 in student loans with his wife, Bobby Hoyt quit his job as a teacher three years ago to focus on his personal finance blog, Millennial Money Man, and online entrepreneurship venture, Laptop Empires, full-time. Now, things are truly starting to take off. In January alone, the 29-year-old’s income topped $155,000, mostly […]

Retirement Savings Better Than Ever

America’s collective readiness for retirement is improving, according to Fidelity’s latest Retirement Savings Assessment study. The study distills America’s retirement readiness into a single score representing the percentage of estimated retirement income that the average saver will require. According to the current study, America’s combined retirement score is 80 – meaning that the average American […]