Many experts recommend that people withdraw 4% from their retirement portfolio each year in order to make their retirement savings last. This much touted advice, however, may not hold true for today’s retirees. While personal finance experts have relied on the...
Are you confident in your finances? Or do you agree yours could use work? If you're in the latter category, you're in good company.
As of 2021's fourth quarter, only 34% of Americans identified themselves as being...
High net worth individual is a classification used in the financial industry. The exact figure that elevates someone into the high net worth individual category varies by age and location, but the designation often refers to someone with a net worth...
In 2021, inflation increased by 7% – its highest point since 1982. This means that $1 at the beginning of 2021 was worth around $0.93 at the end of the year. While virtually everyone could feel this decrease in purchasing power, it's especially impactful for those in or nearing...
By the looks of it, state-run retirement programs for private-sector employees are generally working as intended.
Those with no access to a 401(k) plan or similar workplace option have collectively saved more than $400 million in individual retirement accounts through such programs. To date, there are three states that have...
Your credit score is a very important number to know and understand. The terms on just about every credit card, personal loan or mortgage you apply for are influenced by those three little digits. Lenders look at your credit score as shorthand to determine how risky or reliable you...
An 850 credit score is a coveted achievement for many as it signifies a ‘perfect’ borrower. But very few Americans are able to attain a perfect credit score, and according to Faron Daugs, CFP, founder & CEO of Harrison Wallace Financial Group, it’s really not necessary.
In fact, Daugs told...
Since bottoming out in 2020, interest rates have mostly risen amid higher inflation, with signals that the Federal Reserve will further raise rates multiple times in 2022. This can pose two challenges to stock investors: maintaining the kind of steady income...
January has been a rough month for stocks.
But while the market is down, it’s actually a great time to start investing toward your retirement, according to James Royal, analyst at Bankrate.com.
A...
"If you were to take the money you spend on restaurants and invest it instead, you'd be rich enough to retire."
How many times have you heard that line, or something similar? If you're a fan of...
