Social Security benefits are supposed to replace around 40% of the income you earned while you were working. This means they aren’t meant to be your sole source of support in retirement, with most financial experts recommending you’ll need to replace 70% to...
The rapid increase of student loan debt has slowed over the past few years, but individual borrower balances aren’t going down mostly because hardly anybody is paying down their loans. Total indebtedness over the past year or so has stopped...
When Intuit acquired Mint more than a decade ago, mobile was in a different place — as were tech-enabled financial services. There hasn’t been much progress for the personal finance tracker app category in the meantime. Mint has stumbled along with integration issues...
When you consider the risks you face in retirement, most of them probably center around finances. Some people may be worried about not saving enough, while others are concerned about the rising costs of healthcare and long-term care. Others may worry that...
Want to improve your investment results? The deadly sins below are not only among the most serious financial transgressions, but also they’re among the most common. I firmly believe that, if you eradicate these 12 sins from your financial life, you’ll have a...
As banks make it more difficult for hackers to get into their systems, criminals are now trying to get into retirement accounts. There are a couple of reasons why hackers would target a 401(k) and other types of retirement accounts.
We all have financial regrets. Things we bought, bills we paid late, decisions we didn’t research. Turns out, according to personal finance site MagnifyMoney, investing brings a host of bad feelings. The top one is not investing...
Today’s workers have a challenging task ahead of them in saving for retirement. It’s a rare employer that still offers a pension, and Social Security benefits are only designed to replace around 40% of your pre-retirement income. That means the...
Congress has squashed a strategy that allows wealthy people to pass large retirement accounts to heirs. Accountants and lawyers are already coming up with workarounds. The Secure Act became law at the end of 2019, and took...
Most people kick off the new year with a resolution to spend less and save more. Easier said than done. Despite steady income growth over the last decade, household spending has risen more, recent research shows. A CNBC...