Retirement

How much you have to save per paycheck to be a multi-millionaire

If you want to be a multi-millionaire, start putting your money to work today. Ultimately, when you start saving outweighs how much you save, thanks …

Retirement Planning

These 7 Real People Tell Us How They Got to $1 Million

We revisit five "millionaires in the making" from the past who have reached their goals.<p>The balance of our coverage provides a snapshot of who …

Retirement Planning

Half Million Dollar Income Portfolio - Keep Living The Dream

The Half Million Dollar Income Portfolio has had some significant changes over the last eight months. Namely, the portfolio has received significant …

Roth IRA

And the Best State to Grow Old in Is...

Utah residents who look forward to retiring in their state just got some good news in a report that names the state as the best in which to grow old. …

Business

Here’s how you can retire by the time you’re 40

This article is reprinted by permission from NerdWallet.<p>At the risk of sounding like a Facebook FB, +0.15% friend trying to fold you into my latest direct sales venture: Early retirement is possible.<p>If you read the internet, you might already know this is true. It’s been done; in fact, retirement …

Roth IRA

7 States that Tax the Poor the Most -- The Motley Fool

Many rely on regressive taxes to fill their coffers. Others just tax the daylights out of everyone.<p>As the adage goes, in life, there are only two …

Retirement Planning

The 3 best and worst states to retire

Are you looking for the perfect place to retire? As we age our needs tend to change, so do your homework when it comes to finding the ideal retirement spot for you.<p>For those heading into your Golden Years on a fixed income, affordability and healthcare might top your list. According to a new …

South Carolina

Here's How You Can Help Your Toddler Retire a Millionaire

Your kids and grandkids may be too young to invest on their own. So stop buying them plastic toys and use that cash to help make them rich. If you …

Retirement Planning

A top financial adviser says the notion of retirement is gone — here's what he thinks people will do instead

Ric Edelman is the founder and executive chairman of Edelman Financial Services, one of the nation's leading financial advising firms, and author of the new book "The Truth About Your Future: The Money Guide You Need Now, Later, and Much Later." Ric says the notion of retirement is gone. Following …

Retirement Planning

Surprising Social Security rules on divorce

“I have a client who is divorced for more than two years and was married to the same person twice,” wrote Mike Bruggemann of INPAC Wealth Solutions …

Social Security

3 rookie investing mistakes to avoid

In the world of investing, even a simple mistake can cost you a fortune.<p>Investing in a diversified portfolio of stocks is key to saving enough for retirement, especially when so-called "safe" investments like bonds are providing a historically low rate of return. While stocks have historically …

Retirement Planning

Millennials Are Scared -- And This Is the Financial Reason Why

Millennials have their worries all right.<p>Not surprisingly for a generation burdened by student debt, the number one concerning personal matter for …

Retirement Planning

At 19, he bought his first property from his parents' basement. But is real estate enough?

Adam Ailion’s father likes to joke that his son started investing in real estate in the womb.<p>As a third-generation realtor, Ailion, 30, knew that real estate had the potential to generate wealth if he purchased wisely at the right time.<p>“I started investing at age 19 while still in college,” says …

Roth IRA

Learn How to Get the Most Out of Your TSP Account

Whether you are just now enrolling in the Thrift Savings Plan (TSP) or you are looking for tips on investing in the TSP funds, learning how the plan …

Retirement Planning

5 Questions to Ask Before Opening a Roth IRA | Investopedia

There is an endless list of tax-advantaged accounts and plans on the market for consumers to choose from, so determining which plan or vehicle …

Roth IRA

Does Amazon Pay Taxes? Contrary to Trump Tweet, Yes

After President Trump accused Amazon on Wednesday morning of hurting local retailers and jobs by not paying taxes, the company’s shares dipped in premarket trading.<p>“Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt — many jobs being …

News (U.S.)

7 Point Checklist to Analyze Your Current Financial Situation, Part I

Getting control of your finances can seem like an insurmountable task. There are so many factors to consider and so much advice out there that it’s …

Retirement Planning

In Your 20s? Master These Financial Habits for a Successful Future

August 16, 2017<p>Think that smart financial habits begin when you land the corner office? Not true! In fact, learning financial fundamentals early can …

Retirement Planning

Top Risks to a Good Retirement Plan Part I | Investopedia

Ask any experienced financial planner what causes a retirement plan to fail, and they will likely agree that it is never a result of bad portfolio …

Retirement Planning

For Workers Without Retirement Plans, States Step In

Legal challenges loom as Oregon aims to auto-enroll up to one million residents who don’t have savings plan at work<p>States are forging ahead with efforts to bring retirement-savings plans to residents who don’t have access to one through work, as debate intensifies over government’s role in ensuring …

Retirement Planning

Pattie Lovett-Reid: How much do the wealthy need to retire?

Pattie Lovett-Reid<p>Chief Financial Commentator, CTV<p>Follow|Archive<p>I'm often asked: how will I know if I have enough money to see me through my …

Retirement Planning

Fiduciary Rule Critics Cry Wolf - Bloomberg Gadfly

It’s early days for the Department of Labor’s fiduciary rule, but its critics are already wagging their fingers and saying “we told you so.”<p>The main …

Finance

Why You Should Be Saving More Than 10% of Your Income Toward Retirement -- The Motley Fool

Saving 10% of your income has long been considered a solid benchmark when planning for retirement. But is it really enough to retire comfortably?<p>For …

Retirement Planning

Before you say ‘I quit,’ know these 4 hidden costs of job hopping

Job hopping has been one of the few surefire ways for many workers to land a bigger paycheck in America's post-recession job market. Decent raises appear largely limited to workers in select fields, such as technology and health care.<p>Still, you might want to think twice before quitting your job for …

Retirement Planning

The problems with doing your own estate planning

<b>Two years ago, Matt Ahrens and his wife were heading out of state without their infant son, and neither had a will. Ahrens heard a radio ad for an online document company—and downloaded a will from the site.</b><p>“For me, the scariest thing was the idea of something happening on vacation and our child …

Estate Planning

Take These Steps to Protect Yourself in a Divorce | Investopedia

Divorce can be one of life’s most painful and difficult events. Not only is the process emotionally challenging and deeply personal, but it can also …

Retirement Planning

Kim Moody and Kenneth Keung: Canada’s tax proposals read like a class

On July 18, the Department of Finance released a blockbuster package of proposed tax law changes aimed at private corporations and their …

Retirement Planning

Is Your Robo-Advisor Actually Helping You Save for Retirement?

Robo-advisors make investing <i>super</i> simple and even better, they’re kind of fun! However, just because you’re investing with an app doesn’t mean you’re …

Roth IRA

9 of the Most Common Ways to Qualify for Tax Credits

As you manage day-to-day business operations there are universal activities that may warrant tax credits and government incentives.<p>The <i>Wall Street Journal</i> estimates that as little as 5 percent of qualified businesses take advantage of the domestic tax breaks they are entitled to. Many of these …

Tax Preparation

After the fall harvest, Canadian farmers could face huge tax hit from new rules

Print<p>The federal government’s proposed tax reform on private corporations unveiled in mid-summer has drawn furious reaction from doctors and other …

Canadian News