Japan has one of the highest old-age dependency ratios but not one of the highest retirement income replacement ratios. That could spell trouble for its citizens, now and in the future.
The old-age dependency ratio measures how many people...
Experts often recommend saving up $1 million before you retire. While many people are able to live on much less than that, for others $1 million may not be enough, thanks in part to longer life expectancy and disappearing pensions. At the...
If you’re close to retirement or already retired, merely reacting to the latest bout of market volatility, viewing it as a warning, may not be enough. It’s time to sit up and take notice, understanding what a larger potential correction could do...
More than half (52%) of Americans have tapped into their retirement savings early, according to a recent survey from Magnify Money, and 23% did so in order to pay off debt.
Survey respondents also dipped into their savings to...
For tennis great Andy Roddick, there’s one important rule that works both on the court and in the world of investing.
“Even if you’re intimidated by words like ‘volatility’ and you think the world’s going mad … be disciplined...
Remember the Seven Dwarfs song, “Heigh-Ho, Heigh-Ho (It’s Home From Work We Go)”? How about the 1988 variant by David Chamberlain, “I Owe, I Owe (It’s Off to Work I Go)”?
You might be singing the latter tune for...
Americans are making key mistakes when it comes to saving for their retirement, according to a survey conducted by MagnifyMoney.
Nearly half of the people surveyed have withdrawn money from their employer-sponsored retirement savings account, and nearly one-fifth of...
Two weeks ago Jyske Bank, Denmark’s third-largest bank, shocked the world by offering mortgages with a negative interest rate. Put simply, the bank would effectively pay customers to borrow money. It’s a bit more complicated than that, however, as borrowers have to...
Looking for a college major that will help squash your student loan debt?
Consider electrical engineering.
Recent graduates in that field are earning the highest median annual salary — $72,600, according to the National Center for...
A significant portion of U.S. adults are delaying starting to save for retirement until a decade or more into their working career — far later than what financial experts advise.
Just 39% of adults who are saving for retirement...
