Retirement Planning
3 Reasons It's Smart to Take Social Security Benefits at 62 -- The Motley Fool
One of the best reasons to start collecting Social Security at 62 is to retire early! Here are two more reasons to consider.<p>Pop quiz! At what age do …
Social Security7 ways to manage money better than your parents did
Every generation has their own habits when it comes to money. Whether it was our parents stashing cash in paint cans or their bedroom mattresses, or our great grandparents balking at investing after the Great Depression, generational events help mold how we manage our lives.<p>Sometimes it’s a good …
Financial PlanningHow to Tell If You're Ready to Retire -- The Motley Fool
Retirement isn't a decision to take lightly. Here's how to know if the time is right.<p>Though many workers look forward to retirement and the change of …
Retirement10 Reasons You Might Need a Retirement Planner -- The Motley Fool
Here's why you might want to seek professional advice.<p>A retirement planner can help you navigate the world of saving and investing for retirement and …
RetirementOregon's retirement plan highlights America's retirement problem
The opportunity to retire should be universal. Yet half of the private sector workforce in the United States lacks access to retirement savings due …
Retirement5 Investing Questions the Average American Can't Answer -- The Motley Fool
How many would you have gotten right?<p>It's not a big secret that Americans are lacking in financial literacy. In fact, in one 2015 international study …
Retirement5 401(k) Facts You Didn't Know -- The Motley Fool
A 401(k) account can be a surprisingly powerful aid in building a war chest of cash for your retirement. Here's what you need to know about</i> …
RetirementCommission-Based Clients Are Going to Leave If Their Advisors Switch to a Lower-Cost, Fee-Only Model
By Rick Kahler via Iris.xyz I recently learned about an unexpected response to the new Department of Labor rule which mandates that all financial advisors and brokers act as fiduciaries (that is, in the best interest of the consumer) when dealing with customers’ retirement plans. This means brokers …
RetirementMake the most of your savings in a low interest environment
Cape Town – For a number of years, South Africans’ poor savings habits have been disguised by sterling investment returns on the equities market. But …
RetirementHave a Low Credit Score? Here's How Much Extra It Could Cost You -- The Motley Fool
You'd better have your wallet handy.<p>It's pretty safe to say that America runs on credit. According to the Federal Reserve, the aggregate amount of …
RetirementHow Well Are We Doing on Financial Wellness? -- The Motley Fool
Open your wallet and say "ah" -- the doctor is in, and he’s done his annual checkup on Americans' financial health.<p>Every year, professional-services …
Roth IRAAvoiding Stocks Might Cost You $3.3 Million -- The Motley Fool
Think you're playing it safe by staying out of the stock market? Quite the contrary -- you could be putting your retirement at risk.<p>When it comes to …
Stocks7 Stats That Show How Today's Teens Are Making Smart Money Choices -- The Motley Fool
Teenagers today are surprisingly responsible with money. Talk about a breath of fresh air.<p>When we read about the state of Americans' finances, it's …
TeensHow to Save Thousands on Your Next Car -- The Motley Fool
This factor might make even more of a difference than negotiating a great deal.<p>What's the No. 1 way to save money when you buy your next car? Many …
RetirementPete the Planner: Tackling Baby Boomers' retirement crisis
<b>Q: At ages 30 and 31, my wife and I have our financial house pretty well in order. The last thing hanging over our heads is the substantial Parent PLUS loan balance my wife's parents have. They haven't prepared well for retirement at all — both are in commission-based careers and in the years</b> …
RetirementThe Cost of Universal Basic Income Is Less Than You Might Think
Imagine a group of five people. They have an income distribution of <b>$10, $20, $30, $50, and $100</b>. Someone gets the BIG idea of everyone putting 40% of …
Universal Basic Income44 Million Americans Are Doing a Side Hustle -- and Maybe You Should, Too -- The Motley Fool
Many people are bringing in more than $6,000 each year by working on the side. Could you use that kind of extra cash?<p><i>"At Uber, we say, 'Always be</i> …
RetirementThe Latest Social Security Trustees Report Is Out, and It's Mostly Bad News -- The Motley Fool
Social Security is 17 years away from exhausting an estimated $3 trillion in asset reserves.<p>Each summer, the Social Security Board of Trustees, a …
Social SecurityHalf Year Resolutions: There’s Still Time to Achieve Your Goals
<b>Ok, so we are halfway through the year.</b> Can you believe it? We can’t either. Let’s rewind and talk about those promises you made to yourself at the …
Roth IRA51% of Homeowners Have Regrets -- Here's What You Can Learn From Them -- The Motley Fool
The most common: buying a home that's not the right size.<p>More than half of all homeowners say that they have regrets when it comes to their purchase, …
StocksInvesting Strategies for the High-Net-Worth Investor -- The Motley Fool
Here are some smart ways to reduce taxes, protect your savings, and boost returns.<p>When you're a high-net-worth investor, proper investment-management …
Investing4 Signs You're Overdue for a Raise -- The Motley Fool
Still looking for that salary boost? Here's how to know when enough is enough.<p>It's an unfortunate fact that in today's workplace, raises certainly …
RetirementThe $404,000 Healthcare Crisis Facing Social Security Recipients -- The Motley Fool
It's going to take an increasingly larger share of a retiree's Social Security income to cover rising healthcare expenses in retirement.<p>If you and …
Social SecuritySuze Orman: This is the one thing you should do right now to retire a millionaire
You've heard it before but Suze Orman is telling you once again: Start investing right now.<p>The former CNBC host and personal finance maven barely had …
MoneyWhere you put your savings in your 20s could make a difference of as much as $3 million by retirement
If you want to finish rich, there's a crucial piece of advice you'd be foolish to ignore: invest in the stock market.<p>Sure, it's impossible to guarantee big returns or time the market — not even Warren Buffett can do that.<p>But if you're part of the 46% of millennials staying out of the stock market …
RetirementDo you need $1 million to retire? Maybe
When we talk about saving for retirement, we tend to throw around the $1 million figure as a target to aim for.<p>Why $1 million? Perhaps people are drawn to that number because it's nice and round, and also substantial. After all, $1 million seems like it would make for a pretty comfortable …
RetirementThree Things I Should Have Said About Retirement Planning
A friend of mine had been a pediatrician for a few years before he had his first child.<p>“Now that you’re a father,” I asked, “has your advice to parents changed?”<p>“No,” he said. “But I am more empathetic when I give it. I now realize things are not quite as easy as I made them sound.”<p>When it comes to …
RetirementThis is why older Americans are happier than others
Though you'd never guess it from our youth-centric culture, older Americans are actually happier than younger folks. Americans 55 and older eat more fresh produce, smoke less, and have less worry and stress than their younger counterparts, a Gallup Survey[1] found. They also have a greater sense of …
RetirementThe Best Retirement Plans If You're Leaving a Company to Start Your Own
Are you leaving the corporate world to freelance, become a consultant, or open a bed and breakfast? When taking the self-employment plunge, saving …
RetirementOne Of The Biggest Financial Mistakes Early Retirees Make
After five years of early retirement, I realized I made a serious mistake that cost me between $500,000 – $1,000,000. Let me tell you what happened …
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