Your golden years may be some of the best years of your life, but they can also be some of the most expensive.
Multiple factors contribute to the rising costs of retirement. Healthcare expenses, for example, continue to increase,...
You know you need to put money away for retirement. But how much do you really need to save?
It’s a question that confounds many individuals. And not knowing can contribute to one big fear: that they will run...
Nearly everyone wants to save more for retirement, especially because so many people are falling behind on their savings. The average 401(k) balance among U.S. adults is roughly $92,000, according to a report from Vanguard, yet that number is skewed by those...
Pay yourself first
Rather than treating savings as an afterthought, set up a standing order into a separate account as soon as you get paid, says Anna Bowes, the co-founder of Savings Champion. “That way it can become just...
Where are you going to find meaningful income to get you through retirement? Not from popular stocks, with the S&P paying less than 2%. And bonds won’t help either, as their yields are in the tank, too.
Instead let’s...
There are a lot of rules surrounding retirement saving telling you what you are and aren’t supposed to do with your money. Do start saving early, don’t rely too much on Social Security, do contribute as much as you can to your...
Generally speaking, the higher your credit score, the better off you are when seeking a loan.
But the recovery time from a missed payment or financial setback of any kind differs for everyone.
As many consumers...
Breaking up can be hard to do if the other party doesn’t want to let you go. People who move out of high-tax states may learn this the hard way — through a residency audit.
States such as New...
Many people casually throw around the terms Roth IRA and traditional IRA, but there are significant differences, with pros and cons to each. This article explains the value of a Roth IRA as a savings instrument.
Roth IRAs, like...
When John Sullivan’s aging mother needed to move, it was a challenging experience.
Sullivan’s mother had macular degeneration and couldn’t drive anymore. Consequently, he and his brother looked for senior living communities.
But they had many...
