Retirement Planning

Here’s how much you need to save each month to become a millionaire in 20 years

If you start saving and investing early on, becoming a millionaire might not be as hard as you think.<p>If you're putting away $415 a month starting in …

Roth IRA

Don't Sign a Mortgage Until You Can Answer These 6 Questions

If you don't know these six basics, you could land yourself in hot water, financially speaking.<p>Are you getting ready to take out a mortgage? Before …

Mortgages

Retirement Planning for Clients Who Outlive Savings

In 2016 the World Bank estimated that the life expectancy of the average American is 79, up from 75 in 1995. In 2015 there were 72,000 …

Retirement

Some Older Parents Are Missing Out on This Social Security Perk

You can collect extra benefits if you are retired with minor children.<p>Older parents, take note: If you have kids who won't graduate from high school …

Retirement

5 ways to start planning for retirement in your 50s

When you reach your 50s, retirement is no longer so far off. It's right around the corner, and there's no time to waste. Just as there are at every …

Retirement

Ask Larry: ​​​​​​Do I Need To Do Anything To Earn Delayed Retirement Credits?

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.<p>Today’s column explains how delayed retirement credits are earned, whether divorced spousal benefits increase after FRA, spousal benefit availability and filing …

Social Security

Should I Buy or Lease a Car?

Do you know all the pros and cons of each option?<p>There are several factors to consider when deciding to buy or lease a car, as both options have …

Money

Retirement Savers Really Do Need Government Help

The Trump administration will let a rule to go into effect requiring financial advisers to put client interests first. But more needs to be done.<p>I have some good news and some bad news.<p>The good news is that the Department of Labor's fiduciary rule, which states that any broker or manager offering …

Retirement

Why The 4 Percent Safe Withdrawal Rate Might Be Too Conservative

The famous Trinity Study argued that a 4 percent withdrawal rate would allow retirees to enjoy a 30-year retirement.<p>The study assumed that 4 percent …

Retirement

3 Ways to Lose All of Your Money in the Stock Market

Investing doesn't have to be a losing proposition, but you can make it that way with these three strategies.<p>No one invests in the stock market to …

Stocks

Which States Have the Best College Savings Plan Deductions?

A popular method of saving for college is the 529 plan with forty-nine states and the District of Columbia offering at least one option. With a 529 …

Retirement

Will your pension savings last as long as your retirement?

How long do you expect to live in retirement? How long will your cash last? And what will you do if you out-live your money? The experts have warned …

Retirement

3 money moves that sound smart, but hide perils to your finances | Personal Finance

The odds of winning a lottery are infinitesimal. Yet inevitably, someone does. Inspired by the idea of a huge payoff, millions of people burn money …

Retirement

Nine ways for college grads to start life on the right financial foot

Some 1.8 million students will graduate with a bachelor’s level degree in the U.S. in 2017.<p>And most, if not all, will have to start – as Millennials are fond of saying – adulating. They will have to earn money, and pay back student loans, and pay bills, and save for a rainy day, a car, a home and …

Financial Planning

73% of Americans Have Financial Regrets -- Don't Be One of Them

Here are the most common financial mistakes Americans make, and how to avoid them.<p>Only one-fifth of American adults say they have no financial …

Personal Finance

What's better than a Buffett rule? Labor's Buffett rule by stealth

The ALP policy of limiting deductions for managing tax affairs will go some way to limiting the ability of the very wealthy to avoid paying tax<p>At the moment the ALP is having a fight over the merits of a Buffett rule for income tax. It is a high-profile battle involving two former treasurers. What …

Retirement

Diversify Your Portfolio With These 6 Essential Steps

Diversification is often described as the only free lunch in investing. According to the Securities and Exchange Commission (SEC): “The practice of …

Investing

Is Borrowing Against Future Cash A Bad Idea?

If you ever find yourself in the position of expecting a future lump sum or stream of cash – such as a legal settlement, lottery winnings, a tax refund, or maybe even the balance sitting in your 401(k) – you may have wondered if there was a way to get your hands on that cash a bit sooner. The good …

Personal Finance

The Retirement Gender Gap: Saving, Risk, And Guaranteed Income

<i>By Susan Hoover</i><p>“The retirement issue is the single largest issue we will be facing in the 21st century,” Diane Garnick told participants at the 2017 …

Retirement

How Medicaid Reforms Could Harm Even Middle-Class and Wealthy Americans

Trumpcare's Medicaid reforms could affect you even if you're in the middle class. Find out more about the impact of changes to Medicaid …

ObamaCare

How to Invest in Mutual Funds: A Step-by-Step Guide

Learn the basics for the beginning investor to put money to work in mutual funds.<p>Mutual funds are an easy way for beginning investors to put their …

Investing

How to Invest in ETFs: A Step-by-Step Guide

Find out what you need to know to invest with exchange-traded funds.<p>Exchange-traded funds have taken the investing world by storm. These low-cost …

Investing

4 Steps for Rebuilding Your Emergency Fund

Depleted your emergency fund? Here's how to replenish it -- quickly.<p>There's a reason why all workers, regardless of income, are advised to set up an …

Investing

This New Rule Will Help Protect Your Finances

The new fiduciary rule could save investors billions of dollars each year. Here's how it works.<p>Countless Americans rely on outside professionals to …

Retirement

Most Mortgage Rates Held Fairly Steady Wednesday

Average interest rates on most types of home loan barely moved, but for a few varieties, rates dropped significantly.<p>Similar to Tuesday, interest …

Mortgages

3 Smart Roth IRA Moves

Your Roth IRA can play an incredibly important part of your overall retirement plan. By following these three moves with yours, you can potentially …

Roth IRA

Frugal retirees ditch 4% rule, hoard savings instead

Retirees may be overly pessimistic about their future financial health and that may lead them to spend less than they could otherwise, according to a new study by United Income, a startup that aims to apply big-data analysis to financial planning.<p>The average adult 60 years or older will trim their …

Retirement

The only 3 financial rules you need to get rich

Everyone defines financial success differently. For some, it may mean an early retirement — by the time you turn 40, perhaps — or having enough money …

Personal Finance

How Much Money Do I Need to Live Off of Interest?

With enough money in savings, you could theoretically live off of the interest, but is it a good idea?<p>If you have enough money in a savings account, …

Investing

How to enjoy a more worry-free retirement

<i>My wife and I are retired, have a comfortable income and a substantial nest egg. We have a nice home and no debt. Still, I worry constantly about our financial future. What can we do to better enjoy the retirement we've worked and saved for?--A.N.</i><p>Plenty of people have good reason to be concerned …

Retirement