Money is a great gift to give—but you don't always want to give a wad of cash. Here are unique ways to gift money digitally that your loved ones are sure to appreciate.
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‘I’m no hedonist’ but I want to build our next home for retirement, my wife says no. We’ve saved $3 million. What should I do?
First, it’s great that you were able to amass such a lofty retirement nest egg and that you’ve already begun to enjoy your own retirement years. It sounds like your wife wants to take the slow and steady approach to her retirement, and that also makes complete sense. As it stands, and as you may already know, you are currently already in good financial shape to both be retired and pursue your goals, said Michael Peterson, a certified financial planner and founder of Faithful Steward Wealth Advisors.
- Motley Fool
You'll often hear that Social Security won't pay you enough money to cover your bills in full. The reality is that some seniors do manage to pay all of their living expenses with their monthly Social Security benefits. In fact, if you end up retiring on Social Security alone, you may be forced to give up the following things.
Retirement Tip of the Week: If you have access to a Roth 401(k) plan at work, consider it. The Roth version of a 401(k) plan is similar to a traditional plan in the sense that it is offered through an employer and allows for higher contribution limits compared with an individual retirement account, or IRA. Similar to a traditional 401(k) plan, there are required minimum distributions that must commence by age 72 (not to be confused with Roth IRAs, which do not require these withdrawals).
Generation Z, ages 9 to 24, have gained a strong reputation in the media as disruptors. As the most diverse and progressive generation to date, according to Pew Research, zoomers aren't afraid to...
According to a GOBankingRates survey, 64% of Americans will retire broke. Furthermore, the annual Retirement Savings survey found that 46% of respondents had $0 tucked away for their golden years....
Typically we think of making resolutions at the dawn of a new year, but financial experts reason that autumn is actually an ideal time to work on new financial goals. Be Aware: 25 Things You Should...
If you're not setting aside enough -- or any -- of your paycheck each month, your retirement dream could become a nightmare. Even if you plan on working during retirement, you might need more money to...
Like many immigrants, my parents came to this country with not much more than the clothes on their backs (my father from Cuba and my mother from Russia) and the little bit of cash they were able to save. At the time, I was only 8 and didn’t understand what was happening, but my parents […]
My husband and I realized that investing in clean water, solar energy, and new skills is the best way we can prepare him for the future.
- Argus Research
Consumer inflation is elevated -- and the CPI was running at a 5.3% rate in August, according to the U.S. Bureau of Labor Statistics. But pricing pressures are not consistent across the economy. Want to buy a car? You're going to have a hard time saving money, as prices for used cars are 32% higher year-over-year, and prices for new vehicles are up 8%. And that's before you fill the tank, with gasoline prices that have jumped 25% since last summer. Meanwhile, that Uber ride isn't going to be cheap either, as Transportation Services prices have risen almost 5%. Those are some of the outliers that are driving prices higher this year. Yet even so, commodity prices are up almost 8% and that has contributed to food prices that have risen 4%. The price for shelter has climbed only 3%, while prices for medical care services have risen only 1%. That's right, it's a relatively inexpensive time to get sick.
In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity. Just months before the COVID-19 pandemic hit the United States,…
Welcome to Money Diaries, where we tackle the ever-present taboo that is money. We ask real people how they spend their hard-earned money during a seven-day period — and we track every last dollar.Today: a media and communications officer who makes $55,000 per year and spends some of her money this week on wine. Editor’s Note: All currency has been converted to USD. Occupation: Media and Communications OfficerIndustry: GovernmentAge: 25Location: Canberra, AustraliaSalary: $55,000Net Worth: $115,
- News Direct
Paying for college can be one of the first very real financial situations that students are personally faced with. So, since September is College Savings Month, now is the perfect time to discuss c...
If your first job is with a company that offers you a 401(k) plan, congratulations! A solid 401(k) plan is an invaluable asset when it comes to saving for your retirement. But just having access to a...
- USA TODAY
The Chase Sapphire Preferred Card is one of the best travel credit cards—and it currently has a $1,250 bonus offer.