Americans are increasingly plundering their retirement savings, according to a Vanguard survey. This could be a sign of financial distress for consumers under the weight of high inflation for 40 years. Advisors warn that this may not be the best way to get quick cash. Americans feeling the pinch of high inflation are plundering their …
Can you tap into your retirement savings? Cash-strapped Americans are. Read More »
Midterm elections, like the one we just had on Nov. 7, tend to have a predictable impact on the stock market. Stocks tend to sell off and volatility increases before the vote, then the market generally calms down and rebounds in the months that follow and in the first half of the following year. Did …
What does the stock market have in store after the midterm elections? Read More »
Robinhood says it will match 1% of IRA contributions on its platform. Nearly half of American workers do not have access to a company-sponsored retirement savings plan. Robinhood says about half a million people are already on its waiting list to open an IRA account. It’s no secret that Americans struggle to save for retirement, …
The traditional Robinhood and Roth IRA match to boost retirement savings Read More »
Tim Robbert | Digital vision | Getty Images Finding enough money for retirement is a challenge for all workers. Women are 50% more likely to say they are late, compared to 35% of men, according to a new report from Goldman Sachs. In addition, 24% said they were “very late”, compared to 14% of men. …
OK, so a million dollars isn’t what it used to be. That’s the worry of a surprising number of American millionaires. At least that’s what fund management giant Natixis, which owns bond boutique Loomis Sayles, among other companies, reports. Natixis surveyed around 1,600 people with at least $1 million in “investable assets”. And just over …
Can you still retire with $1 million? That’s what today’s millionaires want to know. Read More »
Raphael Henrique | Sopa Pictures | Light flare | Getty Images Robinhood brings the concept of a 401(k)-style contribution to its retail customers who may not have access to a workplace retirement plan. The retail brokerage will pay a “match” of 1% on its clients’ contributions to a Robinhood Individual Retirement Account, the company announced …
An IRA is an individual retirement account. This could be useful when developing retirement plans. Think carefully about the type of account you select and the organization you choose to manage it with if you want your IRA investments to be as profitable as possible. Steps to Open an IRA IRAs, also known as Individual …
Here are 5 steps to opening an IRA to start saving for retirement Read More »
Polls consistently show that older Americans regret a lot of things — working too much, choosing the wrong partner, not taking care of their health, and so on. There are also often financial regrets, such as not having saved enough and investing too little for retirement. This last regret has many reasons: everything from the …
This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say Read More »
(Maurie Backman) If you’re a retiree struggling to make ends meet in the face of inflation, you’re definitely in good company. The cost of living has skyrocketed over the past year and although inflation is showing signs of easing, much progress still needs to be made before people see any noticeable relief. You might especially …
On social security and the return to work? Prepare for that unwanted surprise Read More »
(Adam Levy) Getting the most out of your Social Security retirement benefits could help make your retirement much more enjoyable, and maximizing your benefits could come down to one decision. When do you decide to apply for Social Security? Deferring until age 70 will be a great choice for many retirees who can benefit from …
1 Way to Score a Richer Monthly Social Security Payment Read More »
