News
Americans need to save this amount to retire comfortably - and it keeps going up
3+ day, 3+ hour ago (633+ words) How much money you need in retirement might depend on your lifestyle, but Americans are slowly realizing that saving for retirement is a necessity. Personal finance Dave Ramsey recently shared an alarming statistic: 42% of Americans are not saving enough for…...
Here's the Average 401(k) Balance of 51-Year-Old Americans (How Do You Stack Up?)
10+ hour, 50+ min ago (706+ words) Your average might be close or far, but there are ways to boost your savings. In your early 50s, you have likely had thoughts about whether you are on track for retirement. And at 51, retirement is no longer a distant goal…...
Could We Be Looking at a Worst-Case Scenario for the Social Security COLA?
8+ hour, 37+ min ago (317+ words) The next Social Security cost-of-living adjustment could be a big problem. Social Security cost-of-living adjustments are critical for retirees' financial security. Unfortunately, early reports indicate that the news is not good for the COLA in the upcoming year. In fact,…...
Financial Strain Causes Drop in Retirement Savings Rate: Study
1+ day, 6+ hour ago (73+ words) Think Advisor Financial Strain Causes Drop in Retirement Savings Rate: Study What You Need To Know - Declines in savings rates were greatest among workers who earn between $50, 000 and $150, 000 annually. - Just 58% of workers who bring in less than $50, 000 participate in a…...
8 Tips to Handle W2 and 1099 Income Without Overpaying Taxes
1+ day, 8+ hour ago (592+ words) Contributed content from Cal CPA. If your household has a mix of W2 and 1099 income " maybe one person works a traditional job while taking on freelance projects, another runs a small side business, and someone else earns full-time wages " tax season…...
Here's The Average 401(k) Balance of American Boomers (How Do You Compare?)
1+ day, 8+ hour ago (904+ words) New data highlights how much the average boomer has saved. Below, you can see how your retirement savings stack up and learn practical steps to strengthen your financial footing. Baby boomers (typically defined as people born between 1946 and 1964) currently hold…...
Tax Day Is Almost Here: Don't Forget to Claim Your Medical Expenses
1+ day, 8+ hour ago (461+ words) If you spent a lot on medical equipment, services, or supplies in 2025, it might make sense to deduct them on your taxes. We walk you through the rules and requirements. Medical and dental care get more expensive every year. Health…...
Maximize your TSP by minimizing your tax
1+ day, 10+ hour ago (615+ words) TSP withdrawals aren't just about timing " they're about taxes. Whether it's RMDs, early withdrawals, or Roth rules, smart tax planning is essential. You've saved for years, maybe decades, building up your Thrift Savings Plan account to help ensure a comfortable…...
Americans Close To Retirement Are Saving For Later, But They're Worried About Getting By Right Now
1+ day, 9+ hour ago (270+ words) (Yahoo! Finance) - Call it bad timing. While Americans are pacing ahead of last year in making last-minute retirement account contributions, underneath it all, they're rattled. That's especially true for those nearing retirement. Inflation, covering monthly bills, emergency expenses, and paying…...
FIRE saving plans don't work - so what are people doing instead to retire early?
1+ day, 11+ hour ago (730+ words) Inflation and a poor jobs market have shifted the goalposts - but you can still aim for a quicker retirement if you want to A movement known as FIRE - the dream of Financial Independence and Retiring Early - was all the rage…...