According
to a Gallup poll, 51% of nonretired Americans don’t think they will have enough
money to live comfortably in retirement. Retired Americans are more confident,
with 78% saying that they have enough money to live comfortably. However,
wherever you are on the spectrum, no matter if you are just starting to save
for...
“I
can’t wait to retire!” Have those words ever come out of your mouth? Oh, the
thought of divorcing that demanding, unreasonable boss; doing what you want
when you want; burning all the bridges you never intend to cross again. It’s
the payoff for all those years of hard work.
Unfortunately,
the retirement dream we’ve...
If
you’re approaching that magic age of 65, some things are about to change and
you’ve got thinking to do, especially when it comes to Medicare. There are four
enrollment periods and if you miss deadlines there could be penalties that cost
you money for the rest of your life. And wouldn’t you...
In 2019, professional baseball player Bryce Harper signed the largest free-agent deal in the history of North American sports up to that time—$330 million dollars to play for the Philadelphia Phillies for 13 years. He had similar offers from the Los Angeles Dodgers and the San Francisco Giants. But...
One quick glance at the interest rate your bank is paying on your hard-earned savings account balance and you'll turn green. Even though the Federal Reserve has been raising benchmark interest rates for the past three years, the big banks have not followed suit. They are the biggest beneficiaries...
Believe
it or not, the penalty for failing to file a tax return exceeds the penalty for
failing to pay your taxes. Filing an extension is a way to make sure you don’t
fall into the bad graces of the Internal Revenue Service.
I’ve
talked to lots of folks who would rather give up...
Want
to know how to be the best? Learn from the best. That’s what Lendingtree did
when they looked at thousands of credit reports from people with a credit score
of 801 or higher. They discovered some common financial threads among people with
the best scores.
On
average, credit scores can range from a low...
If
you have an IRA then you know that at age 70 ½ the government forces you to
begin taking distributions so they can tax money that has, up to now, escaped
their clutches.
Most
people use the Uniform Lifetime
Table
to figure their Required Minimum Distribution. Find your age, get the life
expectancy factor and divide...
For the first time in U.S. history, more than 20% of retirement age workers are choosing to stay in the workforce. That’s more than double the number who made that decision in 1985, according to a new report from United Income.
The reason is simple—they don’t have enough money. For...
Can
you find happiness without giving up Social Security benefits? Millions of
widowed and divorced baby boomers are finding love after loss and looking for
guidance on how to update their financial plan to suit their new romantic
status.
According
to financial writer Mary Beth Franklin, the good news is
that surviving spouses have more claiming...