Millions of retirees rely on Social Security to make ends meet during retirement. In fact, 61% of beneficiaries rely on Social Security benefits for at least half their income, according to the Social Security Administration.
To be sure, Social Security is a fantastic program for retirees -- especially if your...
Savings rate-chasing is a strategy in which savers consistently use a tool such as Bankrate or MyBankTracker to determine which savings account is offering the highest interest rate, then regularly move their cash reserves to the highest-yielding account.
For example, if a rate-chaser has $25,000 in savings in Bank A,...
The stock market has been extremely volatile during 2018, but the past month has brought new optimism to the market for investors. Most major market benchmarks, including the S&P 500 and the Nasdaq Composite, have rocketed higher to new record levels. Yet through it all, the Dow Jones Industrial...
If you're looking for a country that offers a quality retirement, you may want to look outside the U.S.
Natixis Investment Managers has released its annual ranking of countries with the best retirement based on finances, material well-being, health and quality of life.
This year, the U.S. managed to nudge up...
If you're like most Americans, this past summer season was filled with short trips out town, family vacations, and likely some extra spending on eating out and entertainment as well. A recent NerdWallet survey found that Americans planned to put $1,019 on their credit cards to cover travel summer...
If you hold a degree from an American university, chances are, Sallie Mae swings by your inbox every few weeks to remind you that you have a student loan payment due. Today, approximately 70% of American college students graduate with a "significant" burden of student loans. The average graduate...
Bill Gates has been fixated on programming since age 13, when his school got its first computer terminal. "The machine was huge and slow, and it didn't even have a screen," he writes on his blog, Gates Notes. "But I was hooked."
He spent as much time as he could...
Young people have high hopes for their financial futures: 53 percent of millennials (defined here as those aged 21 to 37) expect to become millionaires at some point in their lives, if they aren't already, according to a recent survey from TD Ameritrade.
But to reach that goal, they need...
If you read a lot about retirement you have no doubt come across established thinking that asks you to follow the so-called 4% rule and to choose a Social Security start date after conducting a break-even analysis.
These well-recognized strategies may have problems. Let’s take a closer look.
Deciding to draw...
One of the first things you'll read as you look into Social Security is how big of a difference the age at which you decide to claim your retirement benefits can make. With the ability to claim as early as 62 or as late as 70, when you start...
