There is no magic number for retirement savings because everyone’s goals and expenses are unique. That said, averages can still be a useful jumping-off point to let you know if your retirement savings estimate is in the right neighborhood.
I know this is a bold, and possibly controversial title, but retirement planning is broken and leaving people broke.
The destructive narrative is, “work hard, save money in a retirement plan, wait and it will all work out in...
Prices in many real estate markets have regained their pre-financial-crisis levels. Prices in some areas have surpassed those levels and are still going up. That means many real estate investors now own properties that are worth way more than their tax basis....
Do you owe the dreaded 15.3% self-employment (SE) tax on random non-employee income that you only collect occasionally or in a one-off circumstance? Good question. This column explains why you probably don’t owe SE tax, after first covering some necessary background information....
Reality bites.
While millennials garner much of the negative press around financial issues — they live with their parents because they can’t get jobs! They spend all their money on avocado toast! — Gen Xers may be the ones...
Chuck Underwood, in an interview last year, said Millennials inherited their core values from their Baby Boomer parents. Underwood, host of the PBS national-television series America’s Generations With Chuck Underwood has been called “one of the half-dozen pioneers who created and then...
Vanguard recently released its 2019 edition of “How America Saves.” This excellent publication summarizes the statistics for the defined-contribution plans that the company administers. Vanguard tends to administer larger plans, so they are often better designed than average, and participants typically have...
When it comes to company-sponsored retirement accounts, most employers now offer two options: the traditional 401(k) and a Roth 401(k).
The Roth 401(k), like a Roth IRA, lets you build a nest egg that grows tax-free, but relatively few workers take...
We all need money on hand for unplanned expenses, yet a frightening 27% of Americans have no savings at all. Without cash in the bank, you risk racking up scores of debt the next time a financial emergency strikes. That debt, in...
At its midpoint, 2019 promises to be another rewarding year for income investors.
With U.S. interest rates flat or falling, total returns on bonds and yield-oriented alternatives, such as preferred stocks, real estate investment trusts and master limited partnerships,...
