The U.S. personal savings rate remains below its historical average, according to the U.S. Bureau of Economic Analysis.
The seasonally adjusted annual rate of personal saving was 4.6% in February. That’s well below the average annual rate of more...
There are a lot of question marks surrounding the redefined 2021 child tax credit (CTC), but one thing we do know is that families with kids up to 24 years old could see a significant boost in money from the federal government...
Once you contribute money to an IRA, you're not allowed to withdraw it before you turn 59 1/2 or you face a 10% early withdrawal penalty on top of income tax. However, there are a few exceptions to this rule. If you need money for a qualified reason and...
In 2015, at age 30, Grant Sabatier, creator of finance website Millennial Money and author of “Financial Freedom,” had saved $1.25 million — enough to ensure he’d never have to work again.
Sabatier is an adherent of the FIRE...
When it comes to managing your money, it’s natural to have a lot of questions: Are there expenses you shouldn’t put on a credit card? How much cash should you keep in your savings and checking accounts? When are you ready to start investing?
Because of stock market volatility — and likely the start of a downturn — Jeff Janus, a 59-year-old word processor in Chicago, won’t be able to retire when he hoped.
Janus was planning to retire soon. His goal was...
You can’t stop hearing about ChatGPT and what it means for the future. What you might not know is that the AI chatbot can simplify your shopping experience. When you’re in a rush and on a budget, financial experts say there’s a lot ChatGPT can do to save you...
If you shop online, you may want to think about using a virtual credit card number to better protect against fraud.
If you're making purchases online, either on your computer or a mobile device, you may feel uncomfortable entering...
Knowing the right time to buy house is just as important in the home buying process as knowing what house you’re going to buy, where you’re going to buy it, and how you’re going to buy that home.
Why...
If you’re in your 20s, it may seem like retirement is a long way off, but experts say putting a retirement plan in place is a smart financial move.
"Retirement is the biggest goal that we save...
