Do you have a set age in mind at which you want to retire? Are you just going to wait until you are in line for full Social Security benefits? Or are you going to make a decision based on your asset level and what that means for your retirement status?
If saving money were a total breeze, perhaps people would do a better job of it. Unfortunately, a large percentage of Americans are glaringly behind on both near-term savings and retirement savings. If you've been slacking on the savings front, or have been making an earnest effort to save but find that you're still falling short, you're not alone.
Is your holiday spending budget in place? If you’re like most American retail shoppers, it may be far more than you anticipate. No matter your income level or budget, the following steps can help you put a plan in place now to curb unanticipated spending and avoid adding new debt this holiday season.
Nearly 40% of Millennials overspend¹ to keep up with friends. And two-thirds of them feel buyer’s remorse after spending more than they had planned to on a social situation. Apparently, regardless of generation and/or net income, the temptation to overspend in an effort to keep up with our friends and their spending habits is common to all of us. No doubt, many of you have felt the same temptation in your own life. So how do you overcome this?
Before parents tell their kids how they should plan for the future, they should be prepared with solid advice—advice they’ve incorporated into their own financial planning, regardless of which life stage they’re in.
Most of us could improve our financial lives and could use a little help. Saving for retirement is no different. Gone are the days of secured retirement as more employers are phasing out of traditional pensions and replacing with the 401(k).1
Of all of the stages in life, this one uniquely belongs to you. Now it’s your time to shine, refine and align your vision so you can feel good about retiring.
Can you believe over 52 million Americans have over 4 trillion dollars invested in 401(k) accounts? While most understand the mechanics behind the 401(k) – allowing workers to save and invest a portion of their paycheck before taxes are taken out – many are not aware that there are things to think about regarding maximizing your account’s financial security.
When you are healthy and moving along in your life, you often don’t think what could happen – if something were to happen to you. No one expects an illness or an accident to occur, but when it does – how long could you continue paying your bills without exhausting your assets or going into substantial debt?
If you underestimate your risk of disability, you're not alone ... only 10% of individuals accurately estimate their chance of disability. Here's a deep dive into disability insurance policies for three distinct groups of people: those covered by an employer group plan, self-employed people or those not covered through an employer, and stay-at-home parents.
The last thing a parent wants to do is see his or her child — no matter the age — go without.
Debt is a reality for the majority of college graduates.