It’s official: Your Social Security checks will get a modest increase next year.
The Social Security Administration announced Thursday that the cost-of-living adjustment for 2020 will be 1.6%.
That number is less than what retirees have...
When things go sideways, as they inevitably will, you’ll need cash.
That’s what the rainy day fund — aka the emergency fund, savings pool or cash stash — is all about.
Generally, the rule of thumb...
An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments.
Refinance demand surged, pushing total mortgage application volume up 5.2% last week compared with the previous week,...
It’s easy to assume that financial choices boil down to one’s preferences. While personal preferences, goals and priorities should drive most financial decisions, they often can convert a good intention into a mistake. Conversely, those mistakes may lead you astray: Setting the...
The average worker is deeply behind on saving for retirement, which is more troubling than some people might think.
If you’re nearing retirement age and have little to nothing saved, you’re going to be in for a rough retirement....
In the mid-2000s, Michael Burry smelled trouble in the housing market, realizing that big banks were packaging shady subprime mortgages and reselling them as surefire investments. He concluded that it would lead to a spectacular collapse, made a huge bet against the...
When it comes to health savings accounts, they all carry the same three major tax benefits. But that’s about where the similarities end.
Tax-favored accounts for medical expenses, so-called HSAs are often paired with high-deductible insurance plans.
Contrary to popular perception, millennials actually are saving. But it’s not necessarily a good thing — at least for the economy.
That millennials are saving more than their parents did is creating an “economic imbalance,” reported Pippa Stevens for...
A military career isn’t typically the path to take if someone’s looking to reach hallowed “FIRE” territory — financial independence, retire early.
But, with a little help, it is possible, according to Kupiga, as he refers to himself online. Having served...
Individual states do determine whether contributions are tax deductible, she said.
Mott said initially, these accounts were created to encourage saving for college, but in 2017 the distribution rules were amended to cover secondary public, private and religious schools...
