Key Points
You should expect to need income outside of Social Security in retirement.Many workers are saving for their senior years on their own.Here's a snapshot of what baby boomers' retirement savings balances look like.
Many...
No matter your age or income level, your goal should be to pay the IRS as little tax as possible. And the choices you make with regard to retirement savings could have a huge impact in that regard. In fact, many workers...
A new study of retirement systems around the world found that the U.S. system is under pressure. But, that doesn’t mean that you can’t still retire comfortably.
The newest Mercer CFA Institute’s 2023 Global Pension Index, released Tuesday,...
Your home isn’t just your castle; it is also a source of tax deductions. Yet, every year, Americans let these potential tax deductions pass by, not realizing how to take advantage of them. Complicating matters, the Tax Cuts and Jobs Act of...
The business always comes first, and that's the first big mistake.
Owning a business might be part of your American dream. For some baby boomers, entrepreneurship is also a part of their retirement. A report from the Kaufman Foundation found that baby boomers are twice as likely to plan on...
The investment business is full of theories and recommendations about how to accumulate wealth. But the field has very little to say about the best ways to decumulate, or spend down wealth.
This is an astonishing oversight, considering that...
Let's face it: Saving for retirement is no fun. Stashing money to satisfy far-off goals is tough, especially if your budget already feels tight. But if you're struggling to save, fear not: There are creative ways to ease the process.
1. Start early (and change your perspective)
When it comes to...
Whether your 50s seem far off, or just around the corner, it’s crucial that you’re working toward saving up for your retirement so that you are financially confident once you get there. In fact, a 2020 survey by the Transamerica Center for Retirement Studies found...
It’s Union Budget day and if you’re some one who tends to keep their purse strings rather lose due to sheer habit, then right now might be the time to start rationalizing your expenditure. Household expenses are capable of making a huge hole in your earnings every month and...
Legislation is on the move in Pennsylvania to require public schools to allow students to apply personal finance class credits toward high school graduation requirements.
The Senate approved the bill unanimously on Monday, and sent it to the House.
