Did you know that smart home devices can save you money? Despite the upfront costs of raising your home’s IQ, many of the best smart home devices can actually help you cut down your utilities bills. Some can even help reduce...
For most of us, Social Security payments just aren't going to cut it in retirement. The average monthly check from the government agency is right around $1,500, which is a decent start, but it won't likely cover all of your expenses. With...
Mind the gap. That’s the “action gap” between what Canadians are saving for retirement and what is needed to invest for the new reality of retirement – one that could last 20 or 30 years.
According to a recent RBC Financial Independence in Retirement Poll, 46 per cent of Canadians...
If you prefer online banking over a brick-and-mortar bank experience, there are many options to explore. For example, you can choose to open a cash management account with a fintech company (which also may be referred to as a neobank).
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You've worked hard. You've built a retirement savings balance of $1 million. You're ready to retire. And you want $100,000 a year of retirement income, including your Social Security benefit. Is that possible without taking on excessive risk?
High-yield...
Your nest egg is made up of two component parts: the contributions you diligently make to your retirement accounts throughout your career, and the investment returns that those contributions earn for you.
Not surprisingly, your contributions — and those of your employer, if you receive matching funds in your 401(k)...
These are four of the most important things you can do to live a financially healthy life.
A general personal finance rule is to avoid credit card debt at all costs. It’s typically better to finance something with a personal loan, home equity loan, or even a 401(k) loan than...
The pandemic has changed how we buy food. Lots of people are switching from in-person shopping to grocery delivery. Fortunately, Amazon is meeting the demand with several grocery delivery services that could bring everything you need to your door in under two...
Saving on prescription drugs is a snap, thanks to companies like SingleCare and GoodRx. These platforms provide free coupons for users to lower their prescription drug prices. That said, understanding which to use can be confusing due to similarities between the services. When considering SingleCare vs. GoodRx, here’s how...
A statistical analysis of 20,000 retired-worker claims reveals the one age that's likeliest to maximize lifetime Social Security income.
In April, approximately 50.9 million retired-worker beneficiaries took home an average Social Security check of $1,915.26. This might not be a large amount of money, but Social Security income has proved...
