September 3, 2021
“Almost half of U.S. workers, 48%, say they don’t earn enough income to save for retirement, according to a new survey from the Transamerica Center for Retirement Studies. The finding is pretty consistent across generational groups. On the high end, 55% of… Continue Reading…
October 3, 2020
“Although this guideline includes your retirement contributions and your investments, in addition to any cash savings, for many it can still be a difficult goal to reach. In a 2020 TD Ameritrade report, surveying 2,000 U.S. adults ages 40 to 79 with at… Continue Reading…
September 22, 2020
“…In fact, only 47% of retirees think they’ve built a large enough nest egg to last the rest of their lives, according to a 2020 survey conducted by the Transamerica Center for Retirement Studies. If your goal is to save $1 million, you’ll need… Continue Reading…
September 18, 2020
“In fact, retirement-plan provider Fidelity Investments says that to retire by age 67, you should have saved 1 times your income — or the equivalent of your annual salary — by the time you turn 30. This means that if you earn… Continue Reading…
April 24, 2020
“The U.S. Federal Reserve announced Friday that banks can now allow account holders to make an unlimited number of withdrawals and transfers from their savings accounts. The central bank updated its rules to scrap the six-per-month limit that had previously… Continue Reading…
January 23, 2020
“…Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) would cover the cost of a $1,000 car repair or emergency room visit using savings. The findings echo what previous Bankrate studies and others —… Continue Reading…
January 3, 2020
“…Goal #1: Paying down credit card debt Credit card debt is the most expensive kind of debt — significantly costlier than borrowing money to go to college, buy a car or even purchase a house. The average credit card interest… Continue Reading…
October 10, 2019
“Financial professionals sometimes get stereotyped as bean counters and calculator-button pushers, but in speaking with top executives at leading advisory firms that made CNBC.com’s FA 100 list this year, it’s apparent that there are two themes common to most of their background… Continue Reading…
September 9, 2019
“They’re not buying brand-new cars… And they’re not leasing a new car constantly, either…They won’t buy houses they can’t afford…They’re not buying things on credit that they can’t pay for…They’re not buying luxury goods from brand-name designers…And they’re less likely… Continue Reading…
June 10, 2019
“The Dorchaks say that their monthly expenses typically range from about $2,000 to $3,000, though this can vary a lot. Some of their largest expenses are food, which costs them about $300 to $400 a month (they grow a lot… Continue Reading…
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