If you’re over 50 and single, you’re in good company. According to the Pew Research Center, more than one-quarter of those ages 50-64 identify as single, and that number jumps to 36% of those 65 and older. From a financial planning perspective, it’s a lot easier to save, invest and...
Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70% in the week ending September 29, up from 6.29% the week before, according to Freddie Mac. That’s the highest level since July 2007. Mortgage rates have more than doubled since the...
Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for awhile. Interest rates are rising quickly in the US and Europe amid government efforts to tamp down rampant inflation. Recession fears remain. And a steep drop in the...
In August 2022, tennis player Serena Williams announced her plans to retire from tennis at age 40. Retirement, Williams wrote in Vogue, was a word she never liked or believed felt modern. “Maybe the best word to...
Impulse purchases are usually viewed as problematic when it comes to money management philosophies. Say you budget a certain amount to save and a certain amount to spend. If you then buy something you didn't plan for, it could push you above your...
The response to the widely-documented cost of living crisis has meant that many US states have been running various programs to help people with their finances. They include stimulus checks for certain people in society as well...
Retirement is a major goal many workers keep their eye on throughout their career. However, once people actually reach retirement age, they are often in store for some financial surprises — despite decades of preparation. ...
It’s tough to fight inflation when you have no control over the rising costs of many goods and services. There’s also not much you can do to stop interest rates from climbing or stocks from falling, either. Still, you may have more control than you realize when it comes to...
If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inflation is rising and Americans are living longer than ever, concerns...
Imagine retiring in this market. A 60-year-old who owns a balanced fund—60% allocated to stocks, 40% to bonds—has seen the value of their investment drop by 18% so far this year. Soaring prices only makes matters worse. Not only does our 60-year-old have less wealth, but also their savings don’t...
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