According to Fidelity’s Q2 2024 retirement analysis report, the number of 401(k) millionaires in the US reached another record high, 497,000, up from 485,000 in the preceding quarter. Fidelity attributed the steady growth over the last few quarters to an improving macroeconomic landscape and more 401(k) participants starting early and steadily contributing to the employee-sponsored … Read more
Elizabeth, 36, and Jonathan, 38, have been married for 13 years and have an 8-year-old daughter. As a parent, you’d naturally want to offer your children the best you can, but that doesn’t mean you can keep funding Christmas celebrations or other purchases with money you don’t have. Elizabeth often uses buy-now-pay-later apps for household … Read more
Retirement planning involves a lot of variables and requires a steadfast commitment to creating a corpus that can cover life’s unforeseen events and sustain your pre-retirement lifestyle for decades into retirement. The motivation to diligently contribute towards retirement investments is directly linked to an individual’s savings capability, which has stunted in recent years due to … Read more
A salesperson from Vancouver, Canada, recently dialled “The Dave Ramsey” show for urgent financial advice on uncontrollable debts despite his household’s total annual gross income of $300,000. Although his monthly take-home pay is $8,500, alongside an additional $2,000 rental income from a two-bedroom apartment, the family’s monthly expenses amount to almost $12,000, led by $7,200 … Read more
Data from Quiver Quantitative suggests that if you had followed Pennsylvania Representative Dan Meuser’s investment trades since August 2019, your portfolio would have generated 512% returns to date. He is among several Congress members, like Former House Speaker Nancy Pelosi and Democratic Senator Sheldon Whitehouse of Rhode Island, who made triple-digit returns over the years. … Read more
Jeanne, a resident of Sandusky, Ohio, recently won $15 million through an Ohio Lottery 50th Anniversary scratch-off ticket. However, she ultimately took home only $5.4 million after taxes and her chosen payout option. Jeanne had a choice: receive $600,000 annually for 25 years, totalling $15 million, or opt for an immediate cash payout of $7.5 … Read more
The number of people in the US looking for financial advice has soared since the pandemic and continues to climb rapidly. According to research from Statista, assets under management (AUM) in the US financial advisory market could reach $62.61 trillion in 2024 from $56.83 trillion in the year prior. More people seeking financial advice make … Read more
Sophia, a 67-year-old retired civil servant, loves welcoming her ten grandchildren on Sundays during summer for barbecues in Cornwall, England. However, only half of them are her biological grandchildren. The others are of her partner David’s. “I love them to bits and treat them like my biological grandchildren. I shower them with love and affection, … Read more
Reported By: Aditya Goela Last Updated: December 16, 2023, 11:22 IST Let’s talk about how you can make 2024 a year of smart financial decisions As the New Year approaches, it’s the perfect time to get your financial ducks in a row. As the New Year approaches, it’s the perfect time to get your financial … Read more
