For a long time, becoming a millionaire has been synonymous with becoming wealthy. While $1 million doesn't go nearly as far as it used to, it's still a generous sum that can help set you up for a secure retirement. But saving...
If you're not good at maintaining a household budget, you're not alone. Many families operate without a spending plan, and even those who think they are budgeting may not actually be doing so. Nearly 60% of people say they...
Whole life insurance has several benefits. There is a guaranteed savings account (also known as cash value). Whole life also provides long-term death benefit protection. While there are many reasons to purchase a whole life policy, currently low interest rates are making...
FOR MANY AMERICANS who've lost work during the coronavirus pandemic, the $600 weekly unemployment insurance boost has been a lifeline. Tens of millions of Americans, perhaps more than 20 million, are tapping unemployment benefits, according to some estimates. And...
Months of economic uncertainty have driven people to turn toward a normally forbidden pot of cash: their retirement savings. The CARES Act, which President Donald Trump signed into law this spring, allows individuals affected by the pandemic to take...
Though investing in stocks is a great way to grow wealth, you need safer investments, like bonds, in your portfolio as well to offset the risk of buying stocks, especially as you start getting closer to retirement. And in that regard, you...
The $600 boost to weekly unemployment benefits will likely end in a matter of days. That will slash household income for millions, potentially jeopardizing their ability to pay for bills like rent and groceries. In May,...
Here are common retiree regrets to avoid: 1. Moving on a whim: The lure of warmer climates has long been the siren call of many who are approaching retirement. But test the waters before you make a...
It's the $1 million question for those nearing retirement. How much can you spend each year without running out of money? It's a question I examine in my book, Retire Before Mom and Dad. The answer most commonly cited is...
Retirement planning becomes more important with every passing decade. But the typical American's earnings peak in their 40s, so it might seem like the perfect time to loosen the purse strings and splurge. Not so fast, says Chris Hogan,...
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