When I saw the initial teaser announcement for the Nintendo Switch, my immediate thought was that Nintendo had simply conceded the field to Sony and Microsoft. The Switch looked underpowered and gimmicky. However, it […]
With parts of the country blanketed by a dangerous heat wave, older people in particular can have a tough time dealing with heat and humidity. The temperature inside or outside does not have to reach […]
Fidelity Investments, one of the nation’s biggest retirement plan providers, announced it will introduce bitcoin as a 401(k) investment option for plan participants later this year. This marks the first time a major financial plan provider […]
The COVID-19 pandemic brought a significant shock to the U.S. economy in 2020. Unemployment rose to 14.7% in April of that year — a figure that doesn’t even include those who voluntarily exited the workforce. Many […]
Part of planning for a secure future is knowing what retirement mistakes to avoid that could potentially cost you money. Some retirement planning mistakes are obvious; others you may not even know you’re making. Being […]
As summer approaches, now is a great time to remind older adults, along with their relatives or caregivers, that scammers love to prey on seniors, whom they see as easy targets for identity theft and a […]
You may want to work until you’re 70 or older to build up your retirement savings, but that doesn’t always work out. One in four people will be out of work for at least […]
While people have been retiring early since there was work to shirk, the “FIRE movement” went mainstream in the early 2010s, popularized by Mr. Money Mustache and a few other bloggers. But does financial independence necessarily mean […]
As a passive income evangelist, I love this gem from Warren Buffett: “If you don’t find a way to make money in your sleep, you will work until you die.” Everyone loves to […]
If you’re concerned about your retirement, you may be surprised to find that a majority of Americans are not. A recent survey found that 7-in-10 U.S. workers are at least “somewhat confident” they will […]
Life expectancy in the United States plummeted dramatically due to the COVID-19 pandemic, resulting in a two-year decline between 2019 and 2020, the most significant single-year drop since World War II. But, it turns out […]
Whatever you may think on first hearing the name “Muddy Mildred,” you will probably be wrong. Wait … Yeah, definitely wrong. Because Muddy Mildred is not a mean name given to the […]
If you ask any financial advisor when to start saving for retirement, their answer would likely be simple: Now. It’s certainly not easy prioritizing investing for retirement. If you’re in your 20s or […]
For many Americans, not having enough saved up for retirement is a real fear. Which state you live in can have a major effect on how much you need, too. Research from Personal Capital, a […]
If you’re part of the 57% of workers planning to work full-time or part-time in retirement according to a Transamerica Center for Retirement Studies survey, you might start wondering: Where to start? What should I know? Should […]
The IRS has good news for retirees starting in 2022: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs). For the first time in 20 years, […]
When you’re starting your career in your 20s, the last thing on your mind may be the end of your career and the retirement that comes after. But thinking about retirement now can ensure your […]
Tihs article is intended for educational purposes only, and is not intended as a substitute for medical advice. For such advice, consult your physician or other qualified healthcare professional. It’s never too late […]
How much do you need to save to retire young? It depends on how quickly you want to retire and your target budget in retirement. But regardless of your income or target retirement […]
Whatever you may think on first hearing the name “Muddy Mildred,” you will probably be wrong. Wait … Yeah, definitely wrong. Because Muddy Mildred is not a mean name given to the number-one mud pie […]
Once you set up your retirement plan at work, the next natural question is: How much should I put in my 401(k)? While there’s no ironclad answer for how much to save in your […]
Retirement is called the golden years for a reason. After a lifetime of hard work, it’s time focus on yourself and your hobbies and passions, like making a charity calendar with your friends. But all that fun […]
It’s never too early to start thinking about retirement. In fact, the more you do now, the easier retirement will be. Retirement can be a daunting prospect if you don’t have a plan. […]
Ah, grandmas … the sweet, retired dears. They are always knitting afghans and canning mysterious fruits, baking cookies, tending their azaleas and swimming a couple of miles each day in open ocean waters, taking close […]
More than two thirds of employees in the United States expected their main source of retirement income to come from retirement plans, such as 401(k), 403(b) or individual retirement accounts (IRAs), as of the end […]
While younger workers might have the luxury of finding new jobs with higher wages, the pandemic pushed many older workers to retire, according to a new study by The New School Schwartz Center for Economic Policy […]
After so much planning, you are finally living off your 401(k) and are looking for another string to your bow in terms of income. However, since you’ve reached a certain age, you’re looking for a gig that will […]
There’s one thing you know for certain: you want to retire. However, the thought of calculating (and recalculating) exactly how much you need to make it happen can be overwhelming. It’s common to worry about how much […]
The venerable 4% rule isn’t as unassailable as many people think (as Ben Le Fort points out in this article). Image Credit: Prostock-Studio / istockphoto. Definitions and Origins of the 4% Rule The 4% rule says […]
If you’re wondering what to do with bonus money, you’re not alone. Investing your bonus money in a tax-advantaged retirement account like a 401(k) has some tangible advantages. Not only will the extra cash help your nest […]