Americans believe they’ll need at least $1.8 million to retire, an increase from last year’s magic number of $1.7 million. However, not very many are confident they’ll be able to get there. These are the two top-line takeaways from this year’s 401(k) Participant Study published by Charles Schwab, the annual study that tracks important retirement […]
It’s not unusual for workers to get a late start on retirement savings. For a variety of reasons, many don’t seriously begin feathering their nest egg until they’re 50 or older. “Saving for retirement after 50 can seem like a mountain to climb,” said Zaneilia Harris, a certified financial planner and president at Harris & […]
According to the 2022 Schwab Modern Wealth Survey, Americans consider people with net worths of around $2.2 million to be wealthy and those with net worths of $774,000 to be financially comfortable. Although it’s common to think of the wealthy as people who drive flashy cars or carry expensive designer bags, data on their spending […]
It’s a pretty large number — but be warned that your monthly benefit may be less. There’s no official retirement age in the U.S., and there’s also no such thing as a single age at which to claim Social Security. Because of this, you may decide to push yourself to work until age 70 and […]
If you are part of a particular group the United States Government will send you one of two upcoming April Social Security checks. Each of these checks has mandatory requirements, so if we are eligible we will be able to get it in our checking account. Also, in the past few weeks the Social Security Administration has already sent two […]
Inflation has made the cost of just about everything in the U.S. more expensive – including retirement. A new study published by Northwestern Mutual found the “magic number” that Americans believe they need in order to retire comfortably hit $1.46 million this year, the highest level on record. The figure represents a nearly 15% jump […]
In an interview with Fox Business on April 3, personal finance icon Dave Ramsey addressed criticisms from millennials and Gen Z amid discussions on social media and recent coverage by The Wall Street Journal (WSJ). The WSJ piece highlighted a trend among people younger than 40, suggesting a significant portion believes Ramsey’s financial advice does […]
If you’re having money problems, someone on TikTok has a solution. Between “cash stuffing,” the “100 envelope” method or the “no-spend” challenge, there’s no shortage of suggestions to better your financial standing. “The gamification can be kind of fun,” said Ted Rossman, senior industry analyst at Bankrate. But like any other quick fix, these can be hard to […]
Compared to making small talk with a cashier, I certainly prefer self-checkout. However, I still find it tedious and annoying. That’s why my absolute favorite method is Scan & Go. I get to skip the line completely. And now, I get even more: extra savings. Sam’s Club recently introduced Scan & Go Offers, which mean […]
Americans weighed in on whether a comfortable retirement is out of reach as experts warn of a blooming crisis. Florida residents gathered at the Flying Biscuit Café in The Villages on Friday and shared their thoughts on the cost of living and whether a stable retirement is unattainable amid the country’s raging inflation. One Florida […]
By now you’ve read on this site and perhaps elsewhere the latest figure on how much American adults think they’ll need for a “comfortable” retirement: $1.46 million. That’s according to Northwestern Mutual, a financial-advisory and insurance firm, which makes this estimate every year. It also probably wants to sell you advice and fee-based products it […]
MADISON — As the deadline to file tax returns for most taxpayers gets closer, next week — April 6 through 13 — officially kicks off Governor Tony Evers’ Money Smart Wisconsin Week. Edvest 529, Wisconsin’s direct-sold 529 college savings plan, would like to help remind folks that they can save money for their child’s college […]
