The ability to save money is one of the many skills one must learn in order to become financially successful, and one of the most difficult. Moody's Analytics analyzed different demographics and determined that savings rates increase as we age.
Sadly, according to their data, only one age group saves...
The median net worth excluding home equity for Americans approaching retirement age is around $46,000. Using the 4% rule as a guide to sustainable retirement spending levels, $46,000 will provide around $1,840 per year in inflation-adjusted spending power. Throwing sustainability out the window, that $46,000 will provide a couple...
One of the great things about being a salaried employee is gaining access to a host of workplace benefits, from health insurance to paid time off to a 401(k) plan. But while some of those benefits might seem like awesome perks, the reality is that they're not all they're...
In the fall of 2017, my doctor changed my life by demanding I quit lying to myself. And over the last year, I’ve learned to be honest when I look in the mirror, better understand my priorities and hopefully discovered a valuable lesson about our financial lives.
I went to...
Social Security is one of the most important factors in older people's financial lives. Yet the available information on the system is often contradictory or incorrect.
Even the Social Security Administration, the government agency that administers the benefit, can mislead people, experts say.
"Half of the answers Social Security is giving...
The ability to save money is one of the many skills one must learn in order to become financially successful, and one of the most difficult. Moody's Analytics analyzed different demographics and determined that savings rates increase as we age.
Sadly, according to their data, only one age group saves...
It's the holiday shopping season, when many Region residents often find themselves reaching for the plastic at malls and shopping centers.
Northwest Indiana residents are carrying between $2,100 and $2,900 in credit card debt on average, a new study by the personal finance startup SmartAsset found.
Residents in Lake County carry...
Americans expect to have a quarter of a million dollars saved by retirement, according to a 2018 survey from Provision Living. In an ideal world, though, the 2,000 survey respondents said they would want decidedly more: an average of about $610,000.
Unfortunately, that may not be enough: Depending on where...
The doom and gloom around retirement seems endless: workers aren't saving enough, their employers aren't providing generous enough benefits and stand ready to can them even when those workers will need to work longer, and Social Security will run dry and lead to terrifying benefit cuts. Oh, and we...
Retirement may seem like a faraway goal, especially if you still have a few decades left before you can even think about leaving your job. That can make it challenging to save, because it's tough to tell whether you're on the right track. It's particularly difficult because everyone has...
