The “experts” make it sound so easy. Save X dollars every day starting now and you’ll be a millionaire by Y! You’ll need X times your income by the age of Y to be on track for a stress-free...
The Federal Reserve’s decision Wednesday to keep interest rates steady came as a relief to many. And rightfully so. After raising the federal funds rate nine times in three years, with the last move coming in December as financial...
By the time you’re in your 40s, you’re entering your peak earning years and could be more than halfway to retirement. How prepared are Gen Xers for their golden years? CNBC Make It turned to Fidelity, the nation’s largest...
As consumers, we’re often unaware of how much our spending decisions are influenced by cognitive bias, according to personal finance author Emily Guy Birken. “The first time we hear a price for something, that becomes our anchor point for...
POLITICIANS AND advocates have been rallying to get the federal minimum wage – currently $7.25 an hour – raised, and for a good reason. Though the minimum wage is higher in some states and cities, if you’re making the lowest legal wage and...
When it comes to saving for retirement, everyone’s situation is different. While one person may be able to survive on a couple of hundred thousand dollars over several decades, another person may need well over a million dollars just to make ends...
What would you be willing to do if you never had to manage your personal finances again? A new survey from Merrill Edge posed that question to 1,000 investors with up to $250,000 in investible assets. And some of...
Discover is doing away with fees of any kind on its checking, savings, money market and certificate of deposit accounts. The move would be a first for a large bank and comes as smaller online fintechs offer no-fee options...
Employees of the federal government and members of the military can save hundreds of dollars more for retirement this year thanks to an increase in the contribution limits for the Thrift Savings Plan. 2019 Thrift Savings Plan Contribution Limits
Like many Americans, Chris Gray got into financial trouble when he accumulated large medical expenses — in his case, for hip surgery four years ago. “The medical bills just start piling up, especially if you can’t work,” said Gray,...
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