The number is respectably big, but it's still not enough of a nest egg to fully fund a comfortable retirement for most people.
Generally speaking, you would be wise to take any broad, statistical data about investors with a grain of salt. There's always more to the story. Oftentimes, that...
Martin Lewis, Money Saving Expert, 45, appeared on ITV show This Morning and explained how to save money on your British Gas utilities bill.
He recommended viewers to either switch from British Gas, or to change to a different British Gas tariff using a handy trick.
He said: “Many people are...
In the world we are living in right now, some people have been forced into early retirement, as many businesses have suffered as a result of the COVID-19 pandemic. For others, this early departure was part of their normal plan.
Retirement planning is all about the numbers. Yet, there is one number most of us take for granted or don’t even consider.
We are told that retirement is all about dollars and cents. How much money do...
Medicaid can pay for long-term care if you meet its means-testing restrictions. The federal-state program is designed to help only people of limited financial means. However, people with more substantial assets can use three different strategies to shield those assets from Medicaid and ensure their eligibility for long-term care benefits. To...
There's a reason workers are often advised to load up on stocks in the course of saving for retirement. If you want to grow your IRA or 401(k) through the years, stocks are a good bet because they've historically delivered notably higher returns than bonds.
But stocks are also a...
Recently, my colleague Sean Williams reported that come 2019, Social Security recipients might see their highest cost-of-living adjustment, or COLA, in nearly a decade. For those who rely on Social Security for the bulk of their retirement income, that's clearly a much-needed dose of positive news, especially since over...
Contributing to an employer-sponsored 401(k) plan is an effective way to save for retirement: You get significant tax advantages, the money is automatically taken from your paycheck before you have the chance to spend it and, often, companies offer a match, which is essentially free money.
Consistent contributions can even...
A recent Social Security report showed a strong economy has helped the program.
Still, Social Security’s trust funds may be depleted in the next decade, if no changes happen sooner.
Many Americans have a misplaced worry that benefits will disappear.
“The biggest myth about Social Security is that when the trust fund...
As an immigrant who moved alone to the U.S. from Jamaica at age 17, Jordanne Wells didn’t know much about managing finances in her 20s.
She graduated from college with eight credit cards, and eventually found herself $30,000 deep...
