When Sheri Reid Grant inherited millions of dollars from her parents, she went into a downward spiral. Six years later, she still gets teary talking about it.
“Everybody thinks money is the answer, and here I had all this...
From the 1980s through 2007, household saving followed a predictable pattern. It typically rose after a recession as people paid down debt and rebuilt balance sheets, then declined as they grew more optimistic—and spendthrift.
That hasn’t happened during the...
Getting through a day of work can be challenging. But it can also be challenging not having to work.
Take it from Kristy Shen and Bryce Leung of Millennial Revolution. The two former computer engineers quit their jobs at...
A new Form 1040 tailored to taxpayers 65 and older is making its debut.
In mid-July, the IRS released a draft form of the 1040-SR, “U.S. Tax Return for Seniors.”
The form is designed to be...
Plenty of parents start their kids off with a piggy bank to underscore the importance of savings. Very few teach their children how to invest.
“Investing is something a lot of parents struggle with,” said Roger Young, a senior...
Many people dream of retiring early, and for you, that could mean leaving the workforce during your 50s. And there are plenty of good reasons to go this route. By retiring young, you’ll get a chance to travel or enjoy your newfound free...
Too many millennials (ages 23 to 38) are in the dark when it comes to their savings. Nearly half (48%) don’t know how much they have in their personal savings, according to data from Northwestern Mutual’s 2019 Planning & Progress Study, which polled...
When planning for your golden years, many people prefer to think about the “good” costs they’ll face. Considering vacations, home renovations, or new hobbies, it can be fun to plan for the leisurely side of retirement.
But there are...
The Federal Reserve’s recent interest-rate cut might help frequent credit card users, but it offers nothing for people trying to build a cushion of savings.
The central bank announced on Wednesday it was reducing its benchmark interest rate by one quarter...
According to a recent survey by Bankrate, over half of U.S. adults don’t have enough money in the bank to tide them over for three months. And 28% say they have no emergency savings at all.
Brigitte Madrian, the...
