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...
We all need money in savings, and if you don’t make an effort to accumulate some cash reserves, you’ll be in real trouble when emergencies arise. And although you may have every intention of saving money, your chances of success are limited...
Young Americans stressed about their financial health might take solace in one thing: they’re not alone.
According to new data released by Northwestern Mutual on Tuesday, a significant percentage of millennials and other young Americans are carrying large amounts...
