Best Retirement Advice I Received When I Was 10 Years Old

entrepreneur.com When I was ten, my grandfather – who was, at that time, a well-settled retiree, shared some of the best retirement advice with me. Although I didn’t understand much at...…

America’s dumbest, wildest budget fight yet

economist.com H that some American politicians have persuaded themselves it is patriotic and wise to menace their own country’s credit or shut down its government. Amid such nonsense, one…

Rivers Casino customers, employees targeted by data breach

chicagotribune.com Customers at Rivers Casino in Des Plaines were targeted by a data breach of the casino’s systems in August, the casino announced Thursday. The casino’s internal networks…

Opening Bell: 11.10.23

dealbreaker.com Biden and Xi meeting set for next week as US hopes to halt downward spiral in relations [CNN]“Right now, neither the United States nor China are entering the meeting between…

Column: America's retirement system is mediocre. The new House speaker wants to make it downright awful

latimes.com Back in my school days, a “C” grade was a certification of rank mediocrity. That’s the right way to think about a recent scorecard on which the U.S. retirement system scored…

What Happens If the U.S. Defaults on Its Debt?

finance.yahoo.com The debt ceiling is a limit that Congress imposes on how much debt the federal government can carry at any given time. When the ceiling is reached, the U.S. Treasury…

Market Outlook: 5 Lessons for Investors From a Wild Year in Markets

markets.businessinsider.com Bank of America strategists broke down the five biggest lessons for investors and the economy from 2023. • The US economy navigated aggressive Fed rate hikes, China…

T. Rowe Price Says These 3 Money Moves Could Up Your Retirement Savings

finance.yahoo.com T. Rowe Price says there are several moves that people saving for retirement should make by the end of the year. The investment management giant says harvesting losses for…

'The US economy is still the greatest show on planet Earth': 5 lessons for investors from a wild year in markets

finance.yahoo.com None Bank of America strategists broke down the five biggest lessons for investors and the economy from 2023. • None The US economy navigated aggressive Fed rate hikes,…

I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement

marketwatch.com I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a pension. After taxes and my Part B Medicare payment, I receive $2,100 per month…

8 Tax Breaks Retirees Can Use in 2024

finance.yahoo.com Imagine evenings spent on a sandy beach, weekends filled with family gatherings and afternoons engaged in hobbies. This or a number of other scenarios could be your…

My husband says we’ll be ‘homeless’ if we keep renting. We’re 68 and 74

marketwatch.com My husband is 68 and I’m 74. He makes $250,000 a year. We’re renting a townhouse in a very upscale suburb in the Houston area, but our last rent increase was $300 a month!…

Study: Too Many Americans Are Making This Retirement Mistake

finance.yahoo.com The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of…

4 Ways To Avoid Fake Shipping Fee Swindles

forbes.com I must get at least one email a week saying that I have a delivery item that is waiting for me at the Post Office or some warehouse. I never click on the link, which will…

Trump is picking a dumb fight that could cost him dearly

aol.com None The former president is still hellbent on repealing Obamacare. • None Biden and Democrats could not be more delighted by his choice. Former President Donald Trump just…

Delivery drivers face holiday violence as carjackers, robbers disrupt package rush

foxnews.com It’s the holiday season, which means delivery drivers will be hustling Christmas gifts with dangerous Grinches lurking. Recent robberies and carjackings of delivery drivers…

Social Security will likely have a new boss soon. Here's how he wants it to run better

aol.com The man who is expected to become the new boss of Social Security once aimed to expand the program. Now he just wants to fix its flaws. In 2015, Martin O’Malley ran for…

Pension-eligible workers face complex Social Security rules that may reduce benefits. How to more accurately estimate retirement income

cnbc.com When Joyce Debnam's husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. Eight months later, that income unexpectedly changed. The…

Don’t Let Social Security’s Dirty Little Secret Ruin You

investorplace.com And How to Survive Despite It A Note from Louis Navellier: Today I want to share a great article by Charles Sizemore – the Chief Investment Analyst at InvestorPlace’s…

When You Call Social Security, Expect to Wait Even Longer

nytimes.com Few government agencies touch the lives of more Americans than the Social Security Administration — the agency pays $1.4 trillion in benefits to more than 71 million people…

Can a Person Who Is Retired Continue To Fund an IRA?

investopedia.com Retirement planning is an important part of any individual's financial life. Not only does it require money, but you also need to know your long-term goals. Ask yourself…

This blue state’s racism can be illustrated with one infuriating statistic

msnbc.com According to a story published Monday by The Boston Globe, even though Latinos under age 17 account for 20% of children in Massachusetts, they represent 34% of children in…

One Day, Your Roth IRA Gains Will Equal the Annual Contribution

investopedia.com The investments held in a Roth individual retirement account (Roth IRA) determine the return, not the interest rate. One day, those returns will exceed the annual…

The U.S. can’t handle the ‘silver tsunami’ of millions of baby boomers needing housing in their retirement years, report warns

fortune.com Michael Genaldi’s road to homelessness began early this year when a car slammed into the rear of his motorcycle, crushed three of his ribs, and left him in a coma for over a…

Avoid the Social Security Tax Trap

investopedia.com Filers in either of the first two categories must compute their provisional income—also known as modified adjusted gross income (MAGI). That requires adding together…

50% of Americans Can't Afford Their Lifestyle in Retirement: How to Avoid That Fate

finance.yahoo.com Will you have to downsize in your retirement? Many families plan to adjust their lifestyles in retirement. They swap the family house, say, for a smaller home. Or they move…

Will High Interest Rates Trigger a Debt Disaster?

project-syndicate.org AUSTIN – In a recent commentary for the Financial Times, Martin Wolf trots out the specter of a “public-debt disaster,” that recurrent staple of bond-market chatter. The…

Oh Deary, No, Our Drunken Sailors Did Not Suddenly Sober Up, on the Contrary

wolfstreet.com They Out-Spent and Out-Earned inflation without breaking a sweat, and saved some too. I had too many irons in the fire yesterday, and didn’t think I needed to cover the…

Nikki Haley’s #FreedomPlan is MAGA extremism in disguise

msnbc.com Donald Trump’s former ambassador to the United Nations appears to be solidifying support as the candidate of choice for Trump-averse Republicans in the GOP primary.…

George Santos’ exit sets up a competitive special election

nbcnews.com GOP Rep. George Santos’ expulsion from the House is set to kick off a competitive New York special election in territory where Democrats won comfortably in 2020 but…

Social Security: 4 ways you can lose your benefits

aol.com Social Security serves mostly older retirees, but also the disabled through Social Security Disability Insurance (SSDI). The Supplemental Security Income (SSI) program gives…

Blue Shield of California customer data stolen in cyberattack

latimes.com People wait in line to register for a free flu vaccine provided by the L.A. Care Health Plan and Blue Shield of California Promise Health Plan in Lynwood in September. An…

Smart RMD moves, your 40+ résumé, mixing Social Security and pensions, and more retirement news

marketwatch.com 10 things to do right now with your year-end required minimum distributions. The government makes you take required minimum distributions out of retirement accounts, but it…

This Social Security solution could solve 19% of the funding problem

marketwatch.com The long-term stability of Social Security is supposedly a top concern in Washington, and a hotly debated subject on which politicians are actively struggling to find common…

Which Americans Are Most At Risk of Having Medical Bills Drain Their Retirement Income?

finance.yahoo.com Retirees face sizable out-of-pocket costs for premiums, copays and uncovered services. One way to gauge this burden is to look at how much these medical costs eat into their…

How much money should I have saved by 50?

finance.yahoo.com While age might just be a number, 50 is considered an important milestone for many reasons. Many 50-year-olds find themselves in various stages of life: sending kids off to…

Northwestern Mutual BrandVoice: 7 Financial Habits For Building And Preserving Wealth

forbes.com If you haven’t read it, chances are you’ve at least heard of Stephen Covey’s The 7 Habits of Highly Effective People. First published back in 1989, the famous book has sold…

Study: Early Retirement Can Create a Financial Crisis

finance.yahoo.com Not many people would pass up the opportunity to retire early. In fact, there’s an entire movement built around the idea of early retirement – Financial Independence, Retire…

What Nikki Haley has said about cutting Social Security

newsweek.com Nikki Haley, the former governor of South Carolina and Republican presidential candidate, laid out some proposals for Social Security reforms, including lifting the…

Best bank account bonuses for December 2023

aol.com Uncertain economic times can drive many consumers to find novel ways to earn additional money. And for those also looking to open a new checking or savings account, current…

Today’s mortgage rates edge down for 15- and 30-year terms

foxbusiness.com The interest rate on a 30-year fixed-rate mortgage is 6.875% as of November 30, which is 0.115 percentage points lower than yesterday. Additionally, the interest rate on a…

Blue Shield of California members’ data stolen

siliconvalley.com Sensitive data from Blue Shield of California vision policy holders — including Social Security numbers, birth dates and addresses — may be among confidential patient…

Victim of Blue Shield hack? Here’s what company, feds say you should do

siliconvalley.com Blue Shield of California members with vision coverage may have had highly sensitive personal information stolen in a hack, the insurer said. Blue Shield in letters to…

We're 67 Years Old With $1 Million in IRAs. Is It Too Late to Convert to a Roth?

finance.yahoo.com At 67, you’re presumably at or near retirement. If you have $1 million in IRAs, it may be attractive to converting to a Roth because it can provide tax-free income in…

Best online brokers for stock trading in December 2023

aol.com Stocks are one of the best long-term investments you can make to build wealth, and it’s never been easier to buy stocks online. But what’s the best online broker for stock…

Best IRA accounts in December 2023

aol.com An Individual Retirement Account (IRA) is one of the most popular ways to invest for retirement. Not only are you saving for your future but you’re also getting a generous…

Creating an “MVP”, from 0 to 1 without bullshit

medium.com First. Do you want to read this article in Spanish? Check it here. Stop. Before you read this article, go to Google and search for “How to make an MVP,” look at the results,…

Aging Americans grapple with homelessness and health care desperation, report shows

foxnews.com Michael Genaldi's road to homelessness began early this year when a car slammed into the rear of his motorcycle, crushed three of his ribs, and left him in a coma for over a…

Massive mortgage cost spike leaves America's elderly with difficult choice

newsweek.com America's elderly are cornered into making a daunting choice. Either retire amidst financial uncertainty or continue grappling with soaring housing costs against an…

Payday loans vs. installment loans

aol.com Payday loans are designed for people with bad credit or little credit history. These loans come with sky-high interest rates and payday lenders can be predatory. Taking out…

The best health savings account (HSA) providers of 2023

aol.com The tax advantages of a health savings account (HSA) are unbeatable — better than a 401(k), traditional IRA, Roth IRA or 529 savings plan. It can be used like a checking…

Leverage The Power Of Your 401(k)

forbes.com If you work for a company that offers you a way to leverage your savings, it pays to learn as much as possible about how that works. By leverage I mean using a tool to make…