A recent survey conducted by the National Financial Educators Council (NEFC) shows how concerned Americans are about their personal finances due to the effects of the coronavirus crisis. According to the survey, which solicited responses from 1,201 people between...
Many people dream of early retirement, but achieving that goal is easier said than done. If you're eager to leave the workforce well ahead of schedule, you'll need to do the following. 1. Live below your means
The CARES Act, the legislation just signed into law by President Trump, contains plenty of provisions for those saving for and living in retirement. But experts say those who can take advantage of the new law have lots to consider.
To prepare for a loss of income or a large, unexpected expense, the standard advice is to set aside at least three to six months’ worth of living expenses. But only 41% of U.S. adults have stashed away enough...
Peer pressure may have incited you to wear acid-wash jeans in the '80s or drink beer even when you didn't like the taste. But don't let peer pressure affect your retirement portfolio. Just because it feels like everyone else is making moves...
BEIJING, CHINA - JANUARY 23: Chinese passengers, most wearing masks, arrive to board trains before the annual Spring Festival at a Beijing railway station on January 23, 2020 in Beijing, China. The number of cases of a deadly new coronavirus rose to over 500 in mainland...
As unemployment claims skyrocket, Americans facing joblessness are rejiggering their personal finances, including what to do with their employer-sponsored retirement accounts. While conventional wisdom says that people shouldn’t touch their retirement savings and instead let it grow over the...
As millions of jobs are lost to the coronavirus pandemic, almost half of low-income Americans say they expect to burn through their savings within three months, according to a survey released Thursday. The government’s monthly employment numbers for March,...
Employers who have had their bottom lines hammered by the coronavirus pandemic have begun to cut the contributions they make to their employees' retirement accounts, like a 401(k). A 401(k) account is a tax-advantaged, company-sponsored savings plan, with defined...
The $2 trillion stimulus bill in response to the COVID-19 pandemic was passed by the House on Friday and signed by President Donald Trump. The plan includes a one-time direct payment to Americans, which Treasury Secretary Steven Mnuchin...
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