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Are you saving enough for retirement? Odds are, probably not —
KEY POINTS The latest Federal Reserve Survey of Consumer Finances found the median amount of savings in Americans’ retirement accounts was $65,000. About half of all Americans are at risk of not being able to maintain pre-retirement standards of living, said Angie...
78% of workers ignore ‘the greatest money-making asset’ for retirement, says CPA.
Here’s what it could be costing them Getty Images KEY POINTS Nearly two-thirds — 62% — of workers identified company matches to 401(k) plans as important for reaching retirement goals in a recent survey from Principal Financial Group. Just 22% said that starting to...
Are you saving enough for retirement?
Odds are, probably not KEY POINTS The latest Federal Reserve Survey of Consumer Finances found the median amount of savings in Americans’ retirement accounts was $65,000. About half of all Americans are at risk of not being able to maintain pre-retirement standards of...
78% of workers ignore ‘the greatest money-making asset’ for retirement, says CPA. Here’s what it could be costing them
Getty Images KEY POINTS Nearly two-thirds — 62% — of workers identified company matches to 401(k) plans as important for reaching retirement goals in a recent survey from Principal Financial Group. Just 22% said that starting to invest in your twenties is key to a...
The pandemic has widened the gap…
between women and men’s retirement savings. What to know about catching up Chris Whitehead | Image Source | Getty Images The two years since the coronavirus pandemic led to sweeping lockdowns across the U.S. have hit women in the workforce especially hard. Now, the...
Ultimate. Planning Guide for 2022
Josephine Flood | CNBC On the surface, retirement planning hasn’t changed all that much over the years. You work, you save and then you retire. But while the mechanics may be the same, today’s savers are facing some challenges that previous generations didn’t...
Budgeting for a baby:
Here’s what financial advisors recommend for new parents KEY POINTS Money may not be what young parents think about first when they’re expecting a child, but it should be a priority. In 2015, the U.S. Department of Agriculture estimated the cost of raising a child to...
Companies are betting these employee benefits ….
will help them in the ‘Great Reshuffle’ Paul Bradbury | OJO Images | Getty Images Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas...
How 529 Plans Work
- And Why They’re Useful for College Savings Curious about whether a 529 plan makes sense for your family? Find out how they work and how to open one. FinanceBuzz is reader-supported. We may receive compensation from the products and services mentioned in this story,...
Inflation is causing some older Americans to delay ..
retirement plans, survey shows KEY POINTS Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying retirement due to inflation, according to a Nationwide survey. However, these shifts may reflect a lack of understanding and confidence in...
Op-ed: While green investments are underperforming,
investors need to remain patient KEY POINTS Net new assets into ESG funds jumped to $51.1 billion in 2020 and nearly $70 billion in 2021. Many ESG investors are seeing their portfolio values decline significantly this year, both on an absolute and relative basis. All...
There’s still time for 2021 IRA contributions,
but a tax break isn’t guaranteed. Here’s what to know KEY POINTS The last chance for a 2021 individual retirement account contribution is April 18, the tax-filing deadline for most Americans. However, a deduction for traditional IRA deposits hinges on...