Americans’ outlook on retirement darkens to 11-year low

Americans’ outlook on retirement darkens to 11-year low

CNN — In the latest sign of economic pessimism, Americans are increasingly concerned that they will not be able to retire comfortably, according to a Gallup survey first shared with CNN on Wednesday. Only 43% of non-retired adults believe they will have enough money to live comfortably in retirement, according to Gallup. This is the … Read more

Will Social Security exist for Millennials and Gen Z?

Will Social Security exist for Millennials and Gen Z?

An infamous 1994 poll found that 46% of young Americans believed in UFOs, while only 25% believed they would receive their Social Security benefits. Fast forward nearly 30 years, and nearly three in four Americans (74%) say they do not rely on Social Security benefits when planning their retirement income, according to recent research by … Read more

Why an HSA is at least 17% better than a 401(k)

Why an HSA is at least 17% better than a 401(k)

John Howard | Digital vision | Getty Images You will soon be able to contribute a lot more money to your health savings account. Last week, the IRS announced the largest-ever increase in maximum contributions to popular savings vehicles. In 2024, the maximum HSA contribution will be $4,150 for an individual and $8,300 for a … Read more

What Uber for teens tells us about the cost of parenthood

What Uber for teens tells us about the cost of parenthood

It’s been several years since my wife and I had teenagers at home, but I can tell you, we would have been all over the idea of ​​13-17 year olds having Uber accounts. Uber says it will allow teens to open accounts on its ridesharing app, with parental oversight. Good idea. I know we would … Read more

It’s the best state for military retirees – and it’s the worst

It’s the best state for military retirees – and it’s the worst

Florida leads the ranking of best places to live for retired military families, followed by South Carolina and Virginia, thanks to factors such as health care, favorable tax policies and a market solid work. Oregon came in last place, while the District of Columbia ranked 50th and Nevada 49th, according to research by WalletHub. WalletHub … Read more

My sister blocked my number. Should I remove it from my $70 family phone plan?

My sister blocked my number.  Should I remove it from my  family phone plan?

My sister and I, two married adults, have encountered major problems in our relationship. We have always been close but grew up in a tumultuous household that left both of us with deep emotional scars. Recently, she decided at least, in my opinion, to project her emotional baggage onto me. This caused her to not … Read more

Retirement savers eye guaranteed lifetime income amid recession fears

Retirement savers eye guaranteed lifetime income amid recession fears

Demand for annuities rose amid worries about the economy and the possibility of a recession. Today, more than half of retirement savers are considering some type of guaranteed income for life, according to a recent report. Fund managers are rolling out new options to help workers reach retirement with a stable source of income for … Read more

Why the 50-30-20 budget rule is out of reach for most Americans

Why the 50-30-20 budget rule is out of reach for most Americans

An often overlooked principle of personal finance is that it is, well, personal. Because your financial situation is not the same as that of your friends or neighbors, the advice you follow will usually be different as well. Still, some recommendations make sense to many people, like gravitating toward low-fee funds or prioritizing your emergency … Read more

3 financial steps to help women “live on their terms”: Advisor

3 financial steps to help women “live on their terms”: Advisor

Women face unique challenges when it comes to creating wealth. To feel empowered, women need to build their financial resources and financial stability, notes Kamila Elliott, certified financial planner and member of CNBC’s Financial Advisor Council. These three steps can help all women achieve this goal. When it comes to managing money, women face unique … Read more

I don’t want to pay 1% to a financial advisor. How do I find an hourly advisor?

I don’t want to pay 1% to a financial advisor.  How do I find an hourly advisor?

Question: I want an hourly Certified Financial Planner but I can’t find one near me. NAPFA and Garrett Planning Network point me to planners in Phoenix, but it’s a two hour drive. Any suggestions on how to find local planners in Tucson? Why is it so much harder to find schedule planners than planners who … Read more