Personal finance

What is the difference between the average and actual rate of return?

What is the difference between the average and actual rate of return?

If an investment advisor is touting an impressive average rate of return, beware, because losses can “hide” among gains and hurt your financial success. Let’s explore the meaning of the average rate of return versus the actual rate of return. Your most compelling reason for making an investment choice may very likely be based on …

What is the difference between the average and actual rate of return? Read More »

4 drastic - but painless - changes I made to my financial plan to prepare for a recession

4 drastic – but painless – changes I made to my financial plan to prepare for a recession

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. I’m already living like we’re in a recession to prepare for what …

4 drastic – but painless – changes I made to my financial plan to prepare for a recession Read More »

Today's mortgage and refinance rates: November 26, 2022 |  Cooling labor market is good news for rates

Today’s mortgage and refinance rates: November 26, 2022 | Cooling labor market is good news for rates

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates have remained relatively low this week, and the latest economic …

Today’s mortgage and refinance rates: November 26, 2022 | Cooling labor market is good news for rates Read More »

How Congress can make it easier to set aside money for emergency spending

How Congress can make it easier to set aside money for emergency spending

Thomas Barwick | Digital vision | Getty Images Many families struggle to come up with money when faced with an unexpected $400 expense. This lack of emergency savings may force them to borrow money at high interest rates to pay for the surprise expense, putting their financial security at risk. Congress now has a window …

How Congress can make it easier to set aside money for emergency spending Read More »

A former employee’s Joe key trader’s secret

Image source: Getty Images If you like shopping at Trader Joe’s, you should read this. Key points Trader Joe’s sells many exclusive products that people love. Sometimes products are discontinued for various reasons including cost. A former Trader Joe employee explains how you can tell if an item is discontinued – if it’s been gone …

A former employee’s Joe key trader’s secret Read More »

Personal Finance Apps Market

Personal Finance Apps Market Reaches New Level | Venmo, Mint, Wally, Doxo

personal finance app market The latest independent research paper on Global Personal Finance Apps examines investments in the market. It describes how companies deploying these technologies in various industry verticals aim to explore their potential to become major disruptors. The Personal Finance Applications study eludes valuable strategic reviews and assessments, including generic market trends, emerging …

Personal Finance Apps Market Reaches New Level | Venmo, Mint, Wally, Doxo Read More »

Social Security's Record 2023 Increase Isn't All It's Supposed To Be

Social Security’s Record 2023 Increase Isn’t All It’s Supposed To Be

(Justin Pope) Retirees feeling crushed by the highest inflation in decades are getting some relief. The Social Security Administration announced that benefits will receive an 8.7% Cost of Living Adjustment (COLA), the largest increase since 1982. In pure dollar terms for the average Social Security recipient, it will be the biggest COLA ever recorded. Don’t …

Social Security’s Record 2023 Increase Isn’t All It’s Supposed To Be Read More »

For retirement income purposes, it might be a good idea to figure out how much you and your partner will need assuming you live to age 90.  How does this compare to the expected annual income from all your retirement plans?  Don't forget to add inflation, both to your Social Security benefits and to the cost of living.

What to do if you’re late starting to save for retirement: follow these steps

If you’re in your 40s or 50s and haven’t saved a dime for your retirement, don’t panic. There’s still time to build a little nest egg, but you have to hurry and be realistic, experts say. First you need to take a look at what you have and what you need, create a plan and …

What to do if you’re late starting to save for retirement: follow these steps Read More »