Americans believe they’ll need at least $1.8 million to retire, an increase from last year’s magic number of $1.7 million. However, not very many are confident they’ll be able to get there. These are the two top-line takeaways from this year’s...
The stock market can deliver a jolt when we least expect it. April 10 was no different.
US consumer prices came in hotter than expected in March, according to the latest data from the Bureau of Labor Statistics. The Consumer Price Index rose 0.4% over the previous month and 3.5% annually, an acceleration...
Two high-profile economists recently stirred up controversy by recommending that the IRS eliminate tax-deferred contributions to 401(k) accounts. Sweeping changes are unlikely to happen anytime soon, and your nest egg isn't in jeopardy of going away, so don't panic about the headlines. Still, it's important to understand the challenges and...
High hurdles mean the vast majority of retirees get less than the maximum benefit.
The wealthiest Social Security beneficiaries are taking home a record $4,873 per month in 2024, up from $4,555 per month last year. That kind of money could support a pretty comfortable retirement, especially when paired with...
TikTok is not just a place to learn viral dance moves or watch comedy bits; it's become a surprisingly vital hub of Gen Z personal finance. One of the most popular Gen Z money trends on TikTok is something that my generation used to call "the envelope method" -- but...
It’s not unusual for workers to get a late start on retirement savings. For a variety of reasons, many don’t seriously begin feathering their nest egg until they’re 50 or older.
"Saving for retirement after 50 can...
According to the 2022 Schwab Modern Wealth Survey, Americans consider people with net worths of around $2.2 million to be wealthy and those with net worths of $774,000 to be financially comfortable.
Although it’s common to think...
It's a pretty large number -- but be warned that your monthly benefit may be less.
There's no official retirement age in the U.S., and there's also no such thing as a single age at which to...
If you are part of a particular group the United States Government will send you one of two upcoming April Social Security checks. Each of these checks has mandatory requirements, so if we are eligible we will be able to get it in our...
Some people are lucky enough to be financially savvy in their 20s. But when you're new to adulthood, it's easy enough to fall victim to financial blunders that have the potential to hurt you later on. With that in mind, here are three investment mistakes you'll really want to avoid in...
