Retirement Planning

‘Mom Told Me I Was Her Retirement Plan’: Woman Says She Sacrificed Everything For Her Kids, Now They Should Take Care Of Her

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‘Mom Told Me I Was Her Retirement Plan’: Woman Says She Sacrificed Everything For Her Kids, Now They Should Take Care Of Her

Sharing her personal experience, TikTok user Jo shed light on a common emotional struggle adult children face when their parents age. Jo explained that her mother anticipates financial support from her in her later years, even though their family relationship has been strained. Jo’s mom bluntly declared her retirement plan to her children during a … Read more

Kevin O’Leary Says It Is Possible To Retire With $500K and No Extra Income – Here’s How

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Kevin O’Leary Says It Is Possible To Retire With 0K and No Extra Income – Here’s How

More people are increasingly paying attention to retirement planning, as older millennials near 45 and GenZ are starting serious financial planning earlier, with some planning to retire by 60. The growing trend of more conscious spending and saving for the future amid looming risks of Social Security benefits reductions within a decade has led to … Read more

Finance Expert Shares The Retirement Account To Diligently Contribute To For Unique Tax Breaks

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Finance Expert Shares The Retirement Account To Diligently Contribute To For Unique Tax Breaks

Personal finance expert and former CNBC host Suze Orman told Benzinga last month that Americans planning for retirement should put as much money as possible into a Roth IRA account. Roth IRAs are individual retirement accounts that allow you to contribute post-tax money from your paycheck that grows tax-free. For 2024, the annual contribution limit … Read more

1 in 5 Americans Over 65 Return To Work After Savings Dwindle; How Much Do You Actually Need To Retire?

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1 in 5 Americans Over 65 Return To Work After Savings Dwindle; How Much Do You Actually Need To Retire?

Pressured by rising living costs in the US, at least one in five older Americans on fixed incomes are forced to consider returning to work. While some retirees may choose to re-enter the workforce for social reasons, many are driven by financial necessity. According to a Pew Research Center report, nearly one in five Americans … Read more

Biden’s New Financial Advisor Rule to Curb Biased Retirement Advice

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Biden’s New Financial Advisor Rule to Curb Biased Retirement Advice

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

Dave Ramsey vs. Ramit Sethi: Two Money Mindsets – Which One Works For You?

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Dave Ramsey vs. Ramit Sethi: Two Money Mindsets – Which One Works For You?

Financial guru Dave Ramsey believes you can save $22,995 over 30 years by skipping coffee. Meanwhile, financial coach and author Ramit Sethi thinks skipping coffee isn’t how millionaires got there. Ramsey and Sethi have helped countless clients get out of debt, budget efficiently, and achieve life goals like buying a house or saving for retirement. … Read more

Retirement Planning for Single Parents: Securing Your Financial Future

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Retirement Planning for Single Parents: Securing Your Financial Future

These days, single parents in the U.S. find it quite stressful to balance preparing for retirement with the responsibilities of raising kids. Yet, making practical retirement plans can alleviate some of this pressure. Proper retirement planning can pave the way for a future that benefits both you and your family while also providing a sense … Read more

Think You Can Afford Retirement? Here’s How Much It Costs

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Think You Can Afford Retirement? Here’s How Much It Costs

The age of a retiree could be correlated with how much they spend — and nearly half of retirees say that they retired earlier than expected. A new piece from Go Banking Rates with statistics from the Bureau of Labor Statistics (BLS) shows a difference in the expenses of younger and older retirees and reveals … Read more