Overspending is a common problem for seniors. In fact, a recent study from the Employee Benefit Research Institute found that while average spending among single retired individuals was $5,000 below household income, median spending exceeded median income by $3,000.
Unfortunately, seniors...
Becoming a millionaire is totally possible. Yes, even if you aren't making six figures a year. The bad news is, it might not happen until you hit retirement, and even then, it'll only happen if you plan diligently throughout your working life....
Nobody likes paying more tax than they have to, and tax credits are one of the most effective ways Americans can reduce their tax liability and boost their tax refunds. In fact, Americans use tax credits to save billions of dollars on...
The simplest of dance moves is the head nod -- it'll get you through any wedding without embarrassment. And the simplest of tax moves? Reviewing your W-4 annually to get through any tax year without penalties for underpayment.
A...
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...
