Colette Leavitt originally planned to retire at 62 with her mortgage paid off so she would be free of the financial burden of monthly payments.
“It would open up some income to do things for enjoyment, as opposed to obligation,” says Leavitt, 60, of Hooksett, N.H.
But in the end, she...
The gray-haired couple sipping champagne on a beach at sunset. Grandpa teaching the grandkids how to fish at the family lake house. Are these scenes of carefree times in retirement based on financial reality?
According to the latest Bureau of Labor Statistics data, which is based on 2016 figures, “older...
Mind over matter? Try mind over money.
The more you believe you can accomplish your financial goals, the more likely you are to actually do so, suggests a newly published study that followed millennials over the course of 10 years, starting with their freshman year in college.
When researchers looked at...
There's a reason workers of all ages are worried about Social Security. The program is facing some serious financial challenges that, if left unaddressed, could result in major benefit cuts in the future. And while the Social Security Trustees Report released earlier this year painted a less-than-favorable picture, new...
Many people investing in retirement plans such as 401(k), 403(b) and IRAs don’t fully understand tax-deferred investing. Let’s look at a few of the tax issues related to retirement planning and investing.
Short-term tax vs. long-term tax aka capital gains
Let’s start by understanding how your money gets taxed if it...
Augusta, G.A. - All these thunderstorms can wreak havoc on electronic devices, but, there's one device that can save you hundreds or thousands of dollars if you get your hands on one.
"They don't build things like they used to and everything has a system of electronics in them they're...
You are at your wit's end. You were already in debt and struggling to make ends meet. Bills were piling up. Now you have suffered a large financial setback that threatens to push you over the edge. How can you possibly pay your credit card bills?
Before considering drastic moves...
Retiring early is a goal of countless working Americans, yet many aren't able to achieve it. You might think that the folks who get to leave the workforce ahead of their peers are those who earn the big bucks or inherit heaps of money from family, but the truth...
Jerome and Candace in Mason: We’re both in our early fifties and hoping to retire in about ten years. Is there a recommended amount of stocks versus bonds we should own right now?
Answer: Some online retirement calculators and investing “rules” would say this is an easy question to answer....
All of sudden, there’s a flurry of activity in the Capitol to help Americans save for retirement and for emergencies. Seven bills in the Senate and the House — some of them bipartisan — have recently been introduced. And the House Republican leadership is crafting what it calls “Tax...
