Elizabeth Warren wants to fix the economy so it works for the average American. That was the through line of the Massachusetts senator’s arguments and policy proposals during the first Democratic debate of the 2020 election season.
“I am...
For all the hype about the upcoming presidential election in 2020, there is something coming earlier that is much bigger, and its ramifications for the global economy will last for decades. What am I talking about? The first wave of millennials is...
ESTABLISHED IN 1997, the Roth individual retirement account has long been a favored option for retirement savings due to its promise of tax-free withdrawals in retirement. To make the most of this type of account, it’s essential to pay close attention to the rules. “As with...
Often it’s the smallest charge that triggers the biggest fee.
Overdraft fees, which is what banks charge when transactions including debit card purchases cause your account to drop below zero, average $35 — nearly twice the size of the...
Americans’ view of the strong U.S. economy appear to be increasingly heretical.
Millions of American believe a downturn is coming: 40% of people polled by personal-finance site Bankrate.com say they feel the next recession has already begun or will...
We all make mistakes, but some cost us more than others.
As you grow older, money mistakes can have bigger and bigger consequences. Financial miscues can affect your ability to buy a home, put your kids through college, advance...
Most Americans aren’t saving enough for retirement, leading to big retirement-savings shortfalls. In fact, according to Employee Benefit Research Institute (EBRI), more than four in 10 families where the head of household is between the ages of 35 and 64 will run...
There are dozens of factors to consider as you’re planning for retirement. How much should you be saving? What age should you retire? How much will you be receiving in Social Security benefits? One factor that’s probably not among your top concerns,...
According to a recent Gallup poll, the average retirement age in the U.S. is 61.
But enjoying your retirement hinges on whether you’ve saved enough money to live comfortably.
“When people are going into retirement there...
If you start saving around $400 a month in your 20s, you’ll likely be able to retire at age 67 with $1 million in the bank.
But what if you’d rather reach that seven-figure milestone — and become financially independent...
