When you’re young and just starting out, you can take more risk with the investments you’ve earmarked for retirement. After all, if you start in your 20s, you’ve got more than 40 years to grow your nest egg, and it’s easier to...
As someone who writes about personal finance, I tend to give people one big piece of advice: save adequately for emergencies. In fact, I believe that, no matter your age or income, your first financial goal should be to sock away enough...
With the pandemic upending where Americans live and work, many now face the dizzying maze of income tax issues. However, workers in some industries, such as entertainment, have been dealing with these problems for years. Touring...
The great thing about Social Security is that it's set up to pay you a monthly benefit for life. The not-so-great thing about Social Security is that the benefit you collect generally won't be enough for you to live on by itself.
It’s easy to roll our eyes at outlandish spending from billionaires – say, buying NFTs or yachts – but their spending is good for the overall economy. Their savings, however, are not so good, according to new findings published in the Chicago...
Hawaii may be overcrowded right now, but that doesn't mean a tropical vacation is out of the question. Check out these five alternative locations. After spending much of 2020 at home, more people are traveling in 2021, and there...
For Matthew Roed, Social Security is looking a lot less promising than the money he’s stashed away in his BitcoinIRA. Roed is a registered nurse living in Golden Valley, Minnesota, and he says he’s spent 16,000 hours researching all...
The IRS has made important changes to the Employee Plans Compliance Resolution System (EPCRS), which allows employers that sponsor 401(k)-style defined contribution plans or defined benefit pension plans to self-correct plan operational errors. Unless properly corrected, some errors may...
As you save for retirement, it's beneficial to know how much to save and whether you're on the right track. Everyone's situation is different, of course, but there are some useful retirement benchmarks that can give you a sense of how you're...
In the course of planning for retirement, you may come across certain rules that you'll be advised to stick to. You may even see that those rules have been in place for quite some time and have worked well for many retirees...
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