When it comes to retirement accounts, your three primary options are the 401(k), the Roth IRA, and the traditional IRA. A 401(k) plan is the most common because it's offered through many employers, but ideally, it shouldn't be your only retirement account. A 401(k) is good because you contribute...
As stock prices tumble, it can be a nerve-wracking time to be an investor.
The S&P 500 has fallen by nearly 16% since the beginning of the year, inching its way toward bear market territory. Some experts believe the market will fall even further before it begins to recover, and watching your...
As gasoline prices keep climbing, many frustrated drivers might be asking "Who controls gas prices?" The short answer is: No one person, company or government can really be said to set gas prices.
But it is possible...
Inflation may have you worried about your retirement.
Prices have been rising on everything from food to housing. In April, the consumer price index, which measures the prices of goods and services, notched an 8.3% increase from...
The age at which a worker can retire and receive their maximum Social Security benefit amount depends on the year they were born. At sixty-two, Social Security benefits can be claimed, but it is not until almost a decade later that...
It's a dangerous one to make.
One of the trickiest things about planning for retirement is that it's hard to estimate your living costs years in advance. Imagine you're in your 30s and are trying to get...
When it comes to retirement planning, earlier is generally better, but several factors affect how much young women are saving, according to financial experts.
For retirement planning purposes, the demographic termed “younger women” may include Gen Zers, millennials and some Gen Xers with 20 years or more before leaving the...
Budgeting doesn’t end when you enter into retirement. The length of retirement is unknown and it’s critical that retirees do not run out of money in their later years.
Follow these budgeting practices to ensure you are able to transition into retirement and keep your savings in good shape.
Determine Monthly...
A 65-year-old couple retiring this year can expect to spend an average of $315,000 in health-care and medical expenses in their retirement, according to a new estimate by Fidelity Investments. That’s 5% higher than last year’s estimate.
While much of the increase this year came from higher Medicare Part B...
About 1 in 8 Gen Xers and baby boomers say they’ve postponed or considered postponing retirement due to inflation, according to a March 2022 survey by the Nationwide Retirement Institute. With an inflation rate over 8% and hitting a 40-year high, coupled with a stock market that’s seen a double-digit percentage...
