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 […]
Category: Finance
The ‘magic number’ to retire comfortably hits a new all-time high
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 […]
‘They’re Just Awful,’ Dave Ramsey Snaps At Millennials And Gen Z Living With Their Parents — ‘Can’t Buy A House Because They Don’t Work’
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 […]
Here’s what’s wrong with the ‘100 envelope’ method and TikTok’s other viral savings challenges
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 […]
You Can Now Save Time and Money With Sam’s Club Scan & Go
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 weigh in on whether a comfortable retirement is possible in today’s economy
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 […]
$1.46 million is retirement’s magic number? It’s a fantasy for most.
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 […]
Saving for college during Money Smart Wisconsin Week
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 […]
Positive Parenting: Saving and easing stress when traveling as a family
As we get closer to the summer travel season, traveling with the family can allow you to create some amazing memories, but it can also be quite expensive and stressful if you’re not prepared. Here are some tips on how to save and ease stress on your next family vacation. Whether you’re road-tripping or taking […]
Americans believe they need $1.46 million to retire comfortably. But why?
A new survey from Northwestern Mutual found that Americans now believe they’ll need to save $1.46 million to retire comfortably. That figure has jumped 15% over the past year and 53% since 2020, Northwestern Mutual reported. Americans’ actual savings are far off from that goal, according to the survey, which found that the average amount U.S. adults […]
There’s still time to make a last minute 2023 IRA contribution and possibly claim a tax break. Here’s who qualifies
The tax deadline is approaching and there’s still time to score a deduction with a pretax individual retirement account contribution — if you qualify. For 2023, the IRA contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. That increased to $7,000 for 2024, with $1,000 more for catch-up contributions. You […]
Half of adults globally are stressed about their finances, and inflation is a key reason
At least half of adults in a range of major economies report being stressed about their personal finances, and say inflation is one of the main reasons. A significant number also say they feel worse-off financially than their parents, and are pessimistic about their children’s financial futures, the International Your Money Financial Security Survey conducted […]