The old adage "you've got to spend money to make money" is largely true, but it generally refers to business owners or companies spending money to scale up their businesses. For the average American who doesn't own a business and works a...
You’ve probably already heard about the FIRE movement.
FIRE stands for financial independence, retire early. Usually, the people who follow it are in their 20s and 30s and saw what happened to the economy in 2008 and have decided...
Saving for retirement is getting a little easier in 2024 thanks to the phase-in of a handful of provisions stemming from the Secure 2.0 Act, which became law at the end of last year.
Here’s a roundup of some of the key retirement-related changes to watch out for in the...
Your 401(k) can be an incredible tool when it comes to building a nest egg for your retirement. Indeed, if you leverage it well throughout your career, it can potentially be enough to make you a millionaire by the time you retire.
Getting through a day of work can be challenging. But it can also be challenging not having to work.
Take it from Kristy Shen and Bryce Leung of Millennial Revolution. The two former computer engineers quit their jobs at...
Retirement-planning strategies are undergoing some major shifts in 2024. With new laws and regulations taking effect, those planning for retirement will need to understand the landscape and adjust their strategies accordingly. No matter where you are in your road to retirement, these provisions will impact how much you can...
As if you don't have enough to worry about, some retirement advisors are cautioning the famous "4% Rule" no longer works. Those Doubting Thomases say if you withdraw 4% of your savings each year, then add a percentage equal to inflation yearly...
When you’re decades away from retirement, saving may not be your biggest priority. With a laundry list of bills and other financial responsibilities, it may be tempting to focus more on those than retirement planning.
However, the longer you...
Once you reach your 50s, it is crunch time for saving for retirement. If you set a retirement savings target but have been neglecting it, you need to dust it off for a careful review.
Once you’ve reacquainted yourself with the financial destination you want to reach, take these steps in your...
DETROIT – Many people either have experienced credit card debit or know someone who has.
Having a large amount of credit card debt can severely damage your credit score.
The average Michigander has $5,400 in credit...
