Most of us would probably like to be saving more money, as most people have not saved very much for retirement. About half of people aged 35 to 44 have less than $25,000 saved for retirement, per the 2019 Retirement Confidence Survey...
You may not realize it, but there's a very good chance that you'll be reliant on Social Security, to some degree, to make ends meet during retirement. According to Gallup's April 2019 surveys, a record-tying 90% of current retirees lean on Social...
Mike Bloomberg released plans to shore up Americans’ retirement on Sunday, promising to increase Social Security retirement benefits and create a government-backed savings plan for workers at all income levels.
“Americans who have worked for decades deserve the opportunity...
Americans are working longer than ever, with 54% of U.S. adults saying they plan to continue working past age 65, according to a report from the Transamerica Center for Retirement Studies.
Baby boomers, in particular, are most likely to...
A hot tax-advantaged opportunity is making the rounds among financial advisors.
Just make sure you don’t overlook the risks.
The Tax Cuts and Jobs Act, which went into effect in 2018, established so-called qualified opportunity zones...
Retirement is a scary prospect. Think about it: It's basically several decades of unemployment, assuming you don't work in some capacity during that time, coupled with a host of potentially unknown expenses, like repairs on your aging home or medical costs that...
Getting a hefty chunk of change from an inheritance is a nice way to boost your retirement savings. But is it enough to live off of when the time comes for you to retire? If you’ve received about $200,000 and you’re wondering if your...
You have two choices for claiming deductions on your tax return: You can go with the standard deduction the IRS allows you to take or itemize your deductions in the hope of scoring a higher tax break in the process.
You gotta live your life and pay your rent. But by this point, you’ve also (hopefully!) prioritized saving. But how much of your paycheck should you save? We checked in with Ashley Feinstein Gerstley, founder of the Fiscal Femme and author of The 30-Day Money...
It’s the bane of some older Americans. Once they hit a certain age, the government makes them take money out of their retirement accounts, even if they don’t need the cash.
That is changing, albeit slowly.
