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 Security

7 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 Planning

How 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 …

Retirement

10 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 …

Retirement

Oregon'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 …

Retirement

5 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 …

Retirement

5 401(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> …

Retirement

Commission-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 …

Retirement

Make 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 …

Retirement

Have 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 …

Retirement

How 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 IRA

Avoiding 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 …

Stocks

7 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 …

Teens

How 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 …

Retirement

Pete 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> …

Retirement

The 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 Income

44 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> …

Retirement

The 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 Security

Half 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 IRA

51% 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, …

Stocks

Investing 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 …

Investing

4 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 …

Retirement

The $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 Security

Suze 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 …

Money

Where 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 …

Retirement

Do 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 …

Retirement

Three 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 …

Retirement

This 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 …

Retirement

The 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 …

Retirement

One 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 …

Finance