How long will you live? How long does your money need to last?
Unfortunately, it's impossible to answer those questions. "We don't know how long (our) money needs to last because we don't know how long we'll live," says...
What if I told you there was an easy way to add nearly $50,000 to your retirement savings and it would only cost you $42 per month? Well, that's exactly what can happen if you raise your deferral percentage on your retirement...
One of the most challenging aspects of managing money in the past few years has been extraordinarily low yields from government bonds — bordering on zero and even negative when you consider inflation.
Given that bonds make up a...
When it comes to building your savings, financial experts are quick to encourage you to automate the process. That means setting up a regular, automatic transfer from your checking account to a savings account.
But one money coach and...
For many of your financial goals, whether it be a new car, a new home or retirement, a savings account can help you get there.
The deposits you make into your savings account can earn interest and, over time,...
Saving for retirement takes decades, and it's important to check on your progress every so often to make sure you're still on track. If you reach retirement age and suddenly realize you can't afford to retire, there's not much you can do...
The money in your retirement savings account generally can't sit there forever. Unless you have a Roth IRA, you're obligated to remove a portion of your account balance each year once you turn 72. These obligatory withdrawals are known as required minimum...
What if I told you there was an easy way to add nearly $50,000 to your retirement savings and it would only cost you $42 per month? Well, that's exactly what can happen if you raise your deferral percentage on your retirement...
Many people struggle to max out an IRA or 401(k) year after year. But what if you have the opposite problem? What if you routinely max out your retirement plan contributions and find yourself with more cash to spare?
Whether your 50s seem far off, or just around the corner, it’s crucial that you’re working toward saving up for your retirement so that you are financially confident once you get there. In fact, a 2020 survey by the Transamerica Center for Retirement Studies found...
