In a surprising turn of events, US President Joe Biden has announced his withdrawal from the presidential race, endorsing Vice President Kamala Harris as his successor. This move shifts the spotlight onto Harris and her husband, Doug Emhoff, who have both built substantial careers in public service and amassed significant wealth through a diverse portfolio … Read more
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
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
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
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
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
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
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
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
