Senior living costs continue rising, and as such, many retirees rely heavily on Social Security for help keeping up. In fact, Social Security pays the average recipient today $1,461 a month — perhaps not enough to live on, but enough to make...
The Federal Reserve is scheduled to lower interest rates this week. What does that mean, and how might it affect your spending decisions?
When the Fed cuts interest rates, it usually means it’ll cost less to borrow money—whether you’re...
In this day and age, the news cycle moves pretty fast, which means almost every day there is a new poll, study, or research project aimed at retirement. At times, it can be hard to read everything, let alone digest it all....
Early retirement is a goal of some people and a dream of many. There’s a lot of appeal to the idea of being financially independent and leaving the work force when we’re still young enough to engage in a wide range of...
If someone walked up to you and asked you to give them $600 today and in exchange, they’d give you $8,400 at a later date, you probably wouldn’t say no. But people pass up opportunities like this all the time. They just...
Oppenheimer Asset Management’s John Stoltzfus suggests investors may want to fasten their seat belts.
The long-time bull expects a wave of near-term volatility to pressure stocks. He’s blaming uncertainty surrounding this week’s Federal Reserve decision on interest rates, another...
When Democratic presidential candidate Elizabeth Warren earlier this week unveiled the details of her bill to cancel student debt, she stressed how it would deliver significant financial relief to borrowers of color.
“The day our bill gets signed into...
Planning for retirement isn’t something that can be done overnight — it takes decades of hard work and preparation.
For many people, the biggest struggle is saving enough for retirement. One in five Americans has nothing at all saved...
Millennials are waiting longer than previous generations to get married, but that doesn’t mean they’re navigating their finances solo.
About 30 percent of millennials are married, and about 15 percent of people age 25 to 34 live with an...
No doubt, it’s tempting to sign up for a “quick fix” to clean up your credit. Who wouldn’t want to instantly find a way to add 100 or more points to a credit score to qualify for a rewards-packed credit card? Or...
