Living on Social Security alone isn't ideal, but it's the reality for millions of seniors.
The average Social Security retirement benefit in 2024 is $1,906 per month, which works out to $22,872 per year. Ideally, that money serves as a supplement to other sources of retirement income, like 401(k) withdrawals...
Most of us aren’t interested in holding down a job into our 80s, and nobody wants to be a financial burden on others, yet far too many people experience one or both of these fates because they fail to properly save for...
Navigating the volatile economic climate 2023 brings us face-to-face with the stark reality of escalating living costs. This trend, although dominant, does not confirm that we must accept a relentless increase in expenses. In opposition to this common belief, the impact of rising costs can be managed and minimized.
This...
Chocolate or vanilla? Coke or Pepsi? Cheeseburger happy meal or chicken nuggets, and so on. We Americans love choices.
Retirement is no different. As we head into unchartered waters, as a tax attorney, it’s clear that our tax choices in building our retirement...
It's possible to retire comfortably with only $500,000.
How much money do you have to save to retire comfortably? The amount will vary from person to person. However, we can make some assumptions based on averages.
Many freelancers find themselves scrambling to find clients and struggling to drum up a steady book of business. But what if you’re in the opposite scenario, where you have a client you’re actually looking to unload, and you’re not quite sure how...
Taking care of your mental well-being could help you stick with your financial goals.
Two recent reports show that Americans are under more financial stress than ever. According to a CreditWise survey released by Capital One, 73% of Americans...
For most people, personal-finance mistakes affect only themselves. For entrepreneurs, a personal-finance slip-up can have far-reaching consequences. People who get into tight financial spots while running their businesses must make difficult choices about which bills to pay, which opportunities to let go and...
The past eight months have been extremely volatile from a stock market perspective. So a lot of people are now sitting on year-to-date losses in their investment portfolios.
If your 401(k) or IRA balance has taken a major hit this year, you may be starting to panic. After all, you need that...
Shares of CVS Health Corp. CVS, -0.21% slipped 0.21% to $75.40 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.70% falling 0.70% to 3,891.93 and Dow Jones Industrial Average DJIA, -0.87% falling 0.87% to 31,874.57. This...
