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Retirement Backup Plan:
Why You Should Always Have One and How To Make One Many moments in our lives require some form of a financial plan B. This is the plan we turn to in the event our first choice doesn’t work out or we need some backup for additional security. For example, if someone...
Gen Z investors are flocking to IRAs.
kate_sept2004 | E+ | Getty Images Here’s why a Roth is ‘a slam dunk’ for most, expert says KEY POINTS Fidelity individual retirement accounts owned by Gen Z increased 87% in the second quarter compared with the second quarter of 2021. Experts say there are reasons...
7 Surprisingly Easy Ways To Reach Your Retirement Goals
GOBankingRates maintains editorial independence. While we may receive compensation from actions taken after clicking on links within our content, no content has been supplied by any advertiser prior to publication. It’s never too early, or too late, to start thinking...
Retirement Backup Plan
Tom Merton / Getty Images Why You Should Always Have One and How To Make One Many moments in our lives require some form of a financial plan B. This is the plan we turn to in the event our first choice doesn’t work out or we need some backup for additional security....
Two simple tasks to do right now if you’re in your 50s and planning for retirement
GETTY IMAGES Here’s what retirement planning and flying a plane have in common The 50s are your runway decade, when you may see retirement in the distance but you still have time to prepare. Retirement planning in your 50s is like taxiing on the airport’s...
Enrolling in Medicare?
Getty Images Here are three key things you need to know — not understanding one can lead to a lifelong penalty KEY POINTS Medicare comes with many costs: premiums, deductibles, copays and coinsurance. If you sign up late for certain parts of your coverage, you could...
History of Labor Day
Observed the first Monday in September, Labor Day is an annual celebration of the social and economic achievements of American workers. The holiday is rooted in the late nineteenth century, when labor activists pushed for a federal holiday to recognize the many...
Here’s the type of insurance you’ll need at each stage of life, experts say
Eric Audras / Getty Images KEY POINTS Financial advisors weighed in on which types of insurance it’s appropriate to consider getting at each stage of life, from college years to retirement. Many said disability and life insurance were a good idea at any age. Getting...
Goldman taps Buffett, Paltrow in small biz push
Illustration: Annelise Capossela/Axios Goldman Sachs is throwing its weight behind an effort to bolster the beleaguered small business sector, convening a summit that includes a slew of boldface names from the worlds of business, sports, politics and entertainment....
Retirees don’t live on ‘fixed incomes’
SPENCER PLATT/GETTY IMAGE I recently talked to one more reporter who commented that our current inflation situation must be particularly hard for retirees who “live on fixed incomes.” The fact of the matter is that Social Security is the major source of retirement...
Will you outlive your 401(k)? New rules calculating lifetime income have some flaws.
GETTY IMAGES New 401(k) statements will start helping you figure how much income you’ll get, but it may be overly conservative. It’s possible that the new lifetime income projections sent to employees will disappoint them. You probably have money saved up for...
Early retiree shares 13 ‘stupid simple’ money rules that helped him save $1 million:‘I wasn’t born rich’
Photo: Steve Adcock I wasn’t born rich. We did not start our own business. Neither of us inherited a substantial amount of money. We didn’t even have side hustles at the time. We accumulated wealth the old-fashioned way — by working hard and making strategic financial...