All of us want to give our children the best, and often that includes financial security after we’re gone. In a nation where even people making six figures may be living paycheck to paycheck, creating not just a nest egg for your kids but a sustainable inheritance can prove intimidating. But fortunately, building wealth that can live on and grow for generations to come isn’t as difficult as one may imagine....
There are a few universal truths in investing. It’s always good to buy low and sell high, for example, and there’s no such thing as guaranteed returns. A whole lot else, however, is subjective depending on how old you are, what your goals are and how long you have until retirement. By Andrew Lisa More Experts: Here’s How Much You Should Have in Your Retirement Account at Every Stage of Life Is Your Investing Strategy Due for a Financial Checkup?...
You’re just a few months from turning 62, and you spend your days dreaming of putting the 9-to-5 work world behind you and spending your days on the golf course, on a sandy beach or with the grandkids. By Jami Farkas Check Out: $1M Is No Longer the Standard Nest Egg – Here’s How Much Most Americans Think You Actually Need To RetireSee: Why Inflation’s 6% Cost-of-Living Increase to Social Security Could Be a Double-Edged Sword...
Some of the world’s biggest shipping and transport organizations want the United Nations to intercede in the supply chain crisis, warning that a failure of governments to act could lead to the collapse of the global transport system. By Vance Cariaga See: Powell ‘Frustrated’ That COVID-19 Vaccines and Supply Shortages Likely To Push Inflation Into 2022Find: Petition for 4th Stimulus of $2,000 Monthly Payments Reaches 2.9 Million Signatures In an open letter sent this week to the World Health Organization and Internal Labor Organization, groups representing 65 million global transport workers said governments around the world are failing transport workers, the American Shipper website reported....
By John Csiszar Follow Along: 31 Days of Living RicherFind Out: This Is the Salary You Need To Afford the Average Home in Your State Renters Most renters, according to the survey, want to be homeowners at some point in the future, with nearly 80% of the women and over 75% of the men responding in the affirmative. However, this desire might conflict with the respondents’ own financial realities. An astonishing 35% of renters indicated they currently have $0 saved for a down payment for a house, with a whopping 74% of women indicating they had less than $10,000 saved....
The constant ebb and flow of decision making when it comes to where to put your money and how to invest it can be a bit time-consuming. Whatever your financial goal is, it is a good idea to weigh the pros and cons of not only your financial institution but also what features they offer you besides a standard checking or savings account. By Caitlyn Moorhead Pros and Cons How CDs Work Next time you are in your local bank or credit union, be sure to inquire about a certificate of deposit, or CD, as this might be the right type of easy deposit account and investment for you....
In June, Adrián Beltré was inducted into the Texas Rangers Hall of Fame. By Andrew Lisa Adrián Beltré Net Worth: $95 Million A four-time All-Star, he is the greatest third baseman in Rangers history and it’s easy to make an argument that he’s the greatest of all time, period. That’s all thanks to five Gold Gloves, two Platinum Gloves and four Silver Slugger Awards. When he becomes eligible for the Hall of Fame in 2024, he’ll almost certainly be voted on the first ballot....
If a major disaster is declared in your state, you could find yourself eligible for the disaster unemployment assistance program. The disaster unemployment assistance program, or DUA, provides temporary benefits to individuals whose employment or self-employment has been lost or interrupted as a direct result of a major disaster. DUA beneficiaries are also not eligible for regular unemployment insurance benefits. By Josephine Nesbit See: How To Avoid Being Scammed After a Natural DisasterFind: How Much It Really Costs To Protect Your Home Against Natural Disasters...
Retirement presents a set of benefits and challenges that can be different from those faced during your working years. While you might have more time available for family, hobbies and travel, you may also have less wiggle room for hidden expenses and time-consuming tasks. By Casey Bond So when it comes to choosing a bank, there are some features that should be prioritized in retirement. Read on to learn what retirees should look for in a bank....
For years, there’s been a debate over whether gift cards are a good gift or a bad gift for the holidays (and beyond). The main argument for them being a “bad gift” has been the fact that gift cards lack certain personal touch. But there are plenty of reasons why a gift card is actually a great gift that can be made very thoughtful. By Sam DiSalvo The Proof Is in the Numbers Your Gift Is Guaranteed To Be Something the Recipient Wants The Right Gift Card Can Be Personal It’s Easy on the Environment You Can Support Local Businesses Worry not, though: the recipient of the gift card will most likely be thankful that they get to treat themselves to an experience or an item without having to pay for it....
In the week ending April 2, the advance figure for seasonally adjusted initial claims was 166,000, a decrease of 5,000 from the previous week’s revised level, according to the Labor Department. This was also the lowest level since November 1968, according to Bloomberg. The previous week’s level was revised down by 31,000 to 171,000 from 202,000. By Yaёl Bizouati-Kennedy See: COVID-19 Had No Impact on March Employment Numbers Coming In Below ExpectationsFind: 7 Financial Habits That Improve Your Daily Life...
There’s a certain magic to a road trip — whether you set out with specific destinations in mind, or you just wing it. On the open road, you’re beholden to no one and nothing (except the speed limit), and can go where you please on your own time table, with no long TSA lines and your own agenda in mind. By Jordan Rosenfeld However, with gas prices on the rise and inflation spiking the prices of just about everything else, even a road trip can add up in cost depending on where you go and stay, and what you eat and see along the way....
How do you know if you have a financial weakness? By Heather Taylor Some are a bit more obvious than others, like a monthly credit card statement showing many purchases that are classified as wants rather than needs. Other financial weaknesses are less obvious, such as procrastinating on repaying debt or saving for retirement. What every financial weakness has in common is it hinders your financial health. See Our List: 100 Most Influential Money ExpertsAnd More: 3 Easy Ways to Turn Your Credit Woes into Wows...
How can a 12-year-old make money? With young children, it’s often not just a case of what jobs they can legally do, but also what jobs they can do well and are not too young for. Often the best jobs for older children are the traditional ones that come to mind — babysitting and doing chores for your friends and neighbors, such as mowing lawns, shoveling snow and walking dogs. Keep reading for more information on jobs for 12-year-olds that could be a good fit for your child and how much they pay....
America’s housing market is in a precarious position in 2022, experiencing a marked downturn in the second half of the year that will continue into 2023, according to Fortune, citing a report by Goldman Sachs. A big part of the issue is the Federal Reserve’s move to raise interest rates to combat inflation, but in the process it’s made financing homes harder to come by for many. By Selena Fragassi Yet, the luxury housing market doesn’t seem to be batting an eye, as sprawling estates in many parts of the country are posting record-breaking sticker prices — and finding interested buyers....
Many things can be considered the enemy of retirement savings; but among these, taxes have to be near the top of the list. After you have worked hard to save and grow a retirement nest egg, it can feel like you’re simply handing over your hard-earned money to the government when you withdraw from your account. By John Csiszar Find: Here’s How Much Americans Have in Their Savings Accounts in 2023Advice: With a Recession Looming, Make These 3 Retirement Moves To Stay On TrackSocial Security: Women Get $354 Per Month Less Than Men – Here’s Why...
Remote work has made it possible for young professionals to live and work just about anywhere in the United States. But how can young professionals find the best cities to live in? By Heather Taylor Read: 35 Surprising Cities With Low Costs of LivingSee: How Much You Need To Live Comfortably in 50 Major US Cities Make a move without missing out on earning potential to one of these top cities....
By Andrew Lisa Find Out: 7 Simple Habits That Will Make You Richer in 2022See: How To Compound Your Income in 2022 Here’s what they said. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Track Your Expenses To Lower Your Expenses Healthy spending is one of the keys to debt management — every dollar not spent, after all, is one that could be used to pay the piper....
In a Dec. 15 press release, Ledn, a Toronto-based digital asset savings and credit platform, announced it had just raised $70 million in a Series B funding round, bringing its valuation to $540 million. In addition, the company revealed the impending launch of a Bitcoin-backed mortgage product, the first product of its kind to hit the market, it said. By Yaёl Bizouati-Kennedy See: Bitcoin Bulls Argue for Crypto as a Hedge Against Soaring Inflation Find: Bitcoin’s Highs and Lows — And More From Cryptocurrency’s Wild 2021...
By Ashleigh Ray 1. Keep Your Balance Low In order to build credit, you have to use credit. But you never want to spend more than you can afford and end up carrying a balance from month to month. That’s how you end up paying more interest in the long run. Instead, “make a few purchases each month, then pay off the balance in full before interest begins to accrue,” suggested Amy Maliga, a financial educator with Take Charge America....
