When Tanja Hester retired a little over a year ago at age 38, she was considered a personal finance icon to many: She and her husband, Mark, 41, had managed to save enough to live on for the rest of their lives.
Valentine’s Day is just around the corner, and it rarely comes cheap. Consumers are expected to spend $20.7 billion this year, according to the National Retail Federation. That’s about $161.96 per consumer, a six percent increase over last year’s $19.6 billion.
If you read a 401(k) brochure or attend an investment seminar, you might encounter a sentence like this: “Funds in your defined contribution plan feature a glide path that helps mitigate longevity risk in retirement.”
Say what?
With a new tax law in effect and a surge of tax returns expected during the Presidents Day weekend, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need quickly and easily.
Economists who argue that there is no retirement income crisis are missing the point. The crisis is not today, it is 20 years in the future.
But the time to act is now, before it’s too late.
Financial independence, retire early.
Millennials and anybody else looking to break the shackles of their desk jobs by cutting costs to the bone and maximizing savings have been belting that FIRE mantra from the rooftops lately.
There’s a lot of debate about the best time to start taking Social Security benefits, and the truth is: there’s no right answer. It all depends on your life expectancy and how long you can afford to wait to start receiving benefits.
If you’re the romantic type, Valentine’s Day is no doubt something to look forward to. But if you’re the money-conscious type, it’s an event to dread.
The cost of treating your partner to a day of romance isn’t something...
Roth IRAs can help combat one of retirees’ biggest fears: running out of money. Among folks who are currently retired, 37% cite outliving their savings and investments as one of their top fears, according to a recent Transamerica Center for Retirement Studies...
Filing taxes is a stressful process, but getting audited can be even more anxiety-inducing. The good news is that less than 1% of all tax returns get audited each year, and if you’re a middle-income earner, your chances are even lower. On the other...
