The latest Retirement Confidence Survey from the Employee Benefit Research Institute found that 63% of workers express confidence in having enough money for a comfortable retirement. But with the average 401(k) having a balance of less than $100,000, the author of today’s article states that “you have to wonder how accurate their self-assessment is.” He proceeds to outline five things…
While ’tis the season for spending, the author of today’s article notes that “this is also the time of year when a few simple moves could also save…some coin”, and he proceeds to outline three such moves to consider before January 1st. Move #1? Think about tax-loss harvesting (including how you can take advantage of the IRS’ “wash rule” to…
Everyone knows that the first step to building a retirement nest egg is to make the most of your 401(k) (if you have access to one) by either maxing out your contribution or at least contributing enough to get any employer match. But Grant Cardone isn’t everyone. The self-made millionaire and author of the new book Be Obsessed or be…
“Getting rich begins with the way you think and what you believe about making money.” This assertion comes from Steve Siebold, a self-made millionaire and author of “How Rich People Think”, which he penned after studying millionaires for over 25 years and conducting hundreds of interviews. Today’s article highlights six “psychological tricks rich people use to make more money”, as…
They’re not likely to help you become rich, but they can help you maintain your purchasing power. Today’s article provides an examination of TIPS (treasury inflation-protected securities), a form of U.S. Treasury bond which serves as an investment option for those who are worried about their money losing its purchasing power due to inflation (such as investors who are in…
New rules are coming into effect this month that the author of today’s article states “will fundamentally change the way money market funds operate.” In light of these new rules – which are aimed at preventing runs on money market funds as happened in the 2008 financial crisis – the author looks at the case for investors moving their cash…
While we frequently hear and read about how most Americans are not saving enough for retirement, those fortunate enough to have lots of money to sock away in retirement accounts may be facing a problem of their own. Today’s article examines the increasing number of “proposals to stunt the growth of outsized retirement accounts”, including those contained in President Obama’s…
“A good sign that people aren’t saving enough [for retirement] is if they run out of money once they’re retired. But that’s not happening,” points out today’s article which focuses on the finding that, despite the constant drumbeat of concern that Americans aren’t saving enough for retirement, wealth actually appears to increase for most retiree households over the course of…
“Companies are willing to concede quite a bit – but people need to know what retirement benefits to ask for and how to ask,” states today’s article, which examines the biggest mistakes people make when it comes to negotiating a retirement package. From approaching negotiations as a battle rather than as “a collaborative conversation”, to focusing on money at the…
Are you on track to have enough money to fund your desired lifestyle in retirement? Today’s article outlines four methods used by the experts to make this determination and identifies which methods are best depending on how far away one is from retirement. Which method does the author state is “perhaps the most accurate way to determine whether you’re financially…