Today: 16. Nov, 2024
As of mid-2024, certificate of deposit (CD) interest rates have surged to heights not seen since before the 2008 financial crisis. With yields ranging from 4.00% to 5.00% or more, CDs are increasingly attractive for those looking to secure a safe return…
Retirement savings are hitting new highs, yet inflation remains a significant concern for today’s retirees. Fidelity reports that a record 485,000 401(k) accounts held balances of $1 million or more at the end of the first quarter 2024. This trend is reflected…
Many retirees don’t think about taxes until it’s time to withdraw funds from a pretax account, which financial experts say can be a costly mistake. Proper tax planning can significantly impact the longevity and value of your retirement savings. This article explores…
The prospect of early retirement is increasingly popular among millennials and Generation Z, who often dream of escaping the workforce well before their 60s. The idea of dedicating years to personal pursuits is indeed attractive, but retiring in your 50s introduces complex…
A recent study reveals a concerning trend among middle-aged Americans: they are significantly underprepared for retirement. According to Prudential Investments, many Americans around 55 are facing what is termed a “midlife retirement crisis,” with insufficient savings to sustain a comfortable post-working life.…
With half of 2024 already behind us, it’s a perfect time to assess your financial goals and make necessary adjustments. Whether you’ve been on track or have veered off course, a mid-year financial checkup can help ensure you’re on the right path.…
A Daunting $38 Trillion Question In an in-depth examination of the current state of retirement funds in the United States, which amasses a staggering $38 trillion, Teresa Ghilarducci, a pension expert and labor economist, reveals a troubling reality. Despite the enormous pool…
You may be saving more money for retirement and not even know it. An increasing share of employers are automating how people save in their company 401(k) plans to overcome the inertia that often keeps us from building a nest egg. The…
Australia’s renowned superannuation system has long been regarded as a model for retirement planning. Yet, as the world faces the “Silver Tsunami” of aging populations, concerns are emerging about its adequacy. On Bloomberg’s Big Take podcast, host Sarah Holder and journalist Amy…
Navigating Uncertain Waters In the past year, American confidence in having sufficient retirement funds has plummeted, marking the largest decline since the global financial crisis. This unsettling trend continues as new findings by the Employees Benefit Research Institute and Greenwald Research highlight…
