For women, the salary gap they face in their working years eventually turns into a retirement savings gap. Only about 6 in 10 women have a plan to keep them from outliving their savings once they retire, according to a...
Even as the U.S. economy Opens a New Window. strengthens, many Americans are struggling to stash away extra cash for a very important expense: retirement Opens a New Window. . Overall, 42 percent of Americans reported having no retirement...
The math behind saving for retirement can be tricky, but so are the rules tied to investment accounts. If savers had a bit more context around the different types of savings vehicles, they might be better equipped to do so, a new...
In 2017, the Stanford Center on Longevity analyzed 292 different retirement income strategies and determined the best way for most people to withdraw their savings. It’s called the “spend safely in retirement strategy” (SSiRS) and involves two basic components: delaying Social Security benefits and creating an “automatic...
Ads for apps like Stash, Acorns and Robinhood make it look easy to start investing with just a few dollars. But microinvesting newbies should be aware that using these apps to try to make a few extra bucks could leave you with...
Saving for retirement Opens a New Window. is a challenge for many Americans – and down days on Wall Street Opens a New Window. can add to panic and frustration among investors. U.S. stocks, for example, fell precipitously on...
As the trade war between the world’s largest economies rages on, your savings are likely taking a hit. The Dow Jones Industrial Average plunged more than 750 points on Monday, while the S&P 500 dropped nearly 3%.
Millennials are quickly approaching, or in the midst of first jobs, houses, weddings and kids. These life changes and investments often require money. Financial adviser Brian Williamson said he sees a lot of millennials, those born...
Before Mary Beth Barritt retired, she and her husband did all the math: They calculated the optimum time to draw Social Security, consulted advisers on structuring their investments and budgeted for daily expenses as well as plans to travel.
Your student loans may haunt you even after you’ve paid them off. That’s because they’re having a major impact on how much people save for retirement, according to a focus group and survey of more than 1,800 people released by...
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