Congress is taking action to help avoid a potential retirement crisis. A bill expected to reach President Joe Biden's desk later this year could bring about new rules involving 401k programs. How those changes could impact your retirement savings. Your retirement savings may be about to face a major and...
One of the most stressful aspects of retirement can be transitioning from earning income to relying upon investments and other possible income sources to meet income needs. You have put years of hard work into your medical school and training, given most of your life to caring for your patients,...
Don't stress -- just get ready. The start of 2022 has been interesting, to say the least, from a stock market perspective. Stocks slumped for much of January and February before staging a modest comeback later in...
We've all been there: The nervous shuffle of credit cards and Venmo QR codes that happens right after the server brings the check at the end of a meal with friends. If you're the friend who consciously...
It’s getting expensive to fill up your grocery cart. Food prices shot up nearly 9% in March over the prior year, according to the Bureau of Labor Statistics, marking the largest annual food inflation increase in 40 years.
If you’re seeking a new lifestyle in retirement, you’re not the only one. Of those who purchased new homes, 18% were younger baby boomers, ages 56 to 65, and 14% were older boomers, ages 66 to 74, according to the 2021...
Are you saving enough now for your eventual retirement? The odds are that you probably aren’t. The latest Federal Reserve Survey of Consumer Finances for 2019 found that the median amount of savings in Americans’ retirement accounts was $65,000. To say the least, that nest egg will not provide you...
Every year we see the same months, holidays and seasons – it’s all pretty predictable. While you may not know when a winter storm will hit, you can usually count on chillier weather come winter. The same can be said for financial phases. While not always easy to predict,...
The financial implications of a divorce can certainly be complex to understand, and figuring out what happens to your retirement funds is no exception. First, it’s important to note that retirement earnings accrued during a marriage generally qualify as marital assets that can be divided in a divorce. The key...
The average American could need anywhere from $550,000 to $1 million dollars for retirement, according to GOBankingRates. If you’re trying to build your nest egg, every extra dollar might help. A study by Capitalize found that 24.3 million people may have left as much as $1.35 trillion in money behind...
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