Pensions and 403(b) plans represent two distinct ways to save for retirement, each with its own structure and advantages. A pension provides a predictable income stream in retirement, usually funded and managed by an employer. A 403(b), on the other hand, relies on employee contributions and investment growth, giving individuals…
When you think about estate planning, wills, trusts and life insurance usually top the list. But annuities deserve a spot in the conversation, too. Beyond providing reliable income in retirement, annuities can ensure your spouse keeps receiving steady checks, transfer wealth to heirs and help sidestep probate. Still, annuities come…
By your 60s, most of your retirement foundation is already in place. While you may still have a few years to save, building significant new wealth is less likely unless you continue working during retirement. This stage typically shifts focus to taxes, withdrawals, Social Security and budgeting. To help you…
Getty Images / Win McNamee / Staff Key takeaways The Federal Reserve’s September rate cut is likely the beginning of lower yields on CDs and other deposit accounts. Locking in a CD now can secure today’s higher rates, which are still outpacing inflation. Don’t rush to put money into a…
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The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
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If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
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Life throws curveballs. And often those curveballs mean you’re spending your hard-earned savings or you’re borrowing money instead. It can feel like a catch-22: Creating savings should help you avoid costly borrowing, but spending it equals losing it and going back to square one. So…
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Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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When setting up your budget, it’s hard to know how much money to set aside for the essentials—like food. Exactly how much should you spend on groceries each month? The average household spends around $500 a month on groceries. But how much you should spend depends on your income, family size, dietary…
Dan Reynolds Photography/Getty Images Key takeaways Before you buy land, you’ll need to research local zoning codes and more to see if any potential red flags stand in the way of building a home on it. If you finance the purchase, be prepared to pay higher interest rates than with…
It’s no secret—the grocery budget is where we tend to overspend the most. One of my favorite ways to save money? Grocery shopping at ALDI. I’m a big fan! (If you don’t know, they’re a German discount grocery store that’s been growing like crazy across the U.S.) But here’s the…
REPORT SUMMARY 87% of U.S. adults said high school didn’t leave them “fully-prepared” for how to handle money in the real world. Nearly 1 in 3 U.S. adults said in the years after high school, they “often” felt stress because of money. 73% of U.S. adults said they would be further ahead…
If you are a driver in the Empire State, New York gap insurance is an optional type of car coverage that may save you money if your car is totaled or stolen and not recovered. If that happens to you and you have a car loan, the amount you receive…
Halfpoint Images/Moment/Getty Images Key takeaways Both the Citi Custom Cash® Card and the Citi® Diamond Preferred® Card feature no annual fee and intro APR offers on purchases and balance transfers. If you need as much time as possible to pay down existing debt, the Citi Diamond Preferred Card would be…
The most valuable companies in the world have grown to impressive heights in recent years, with nine publicly traded companies trading at market capitalizations of roughly $1 trillion or more. All but one of the companies come from the tech sector, with many offering products and services that consumers use…
Jared Bartlett/Getty Images Tennessee auto insurance laws were updated in 2023, so it may be a good idea for drivers in the Volunteer State to brush up on what is required of them to be behind the wheel legally. Simply put, TN car insurance laws saw an increase in property…
Key takeaways The average life expectancy of the most common type of roof (3-tab asphalt shingle) is 15 to 18 years. (Klaus Larsen LLC) Many homeowners underestimate roof age. Inaccurate roof age costs home insurers $1.31 billion in lost premiums each year. (Verisk) Older roofs typically cause more home insurance…
While President Donald Trump has consistently pledged not to raise the retirement age, several influential Republican factions have promoted adjustments that would shift that timeline. And it’s not entirely up to the president. Even if Trump sticks by his prior commitments, a higher retirement age remains a possibility. Any change…
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