Reaching financial independence requires some effort, sacrifice, and learning on your part. Many people shy away from planning their finances because they lack an understanding of economics and financial markets. I've found that managing finances wisely depends on some basic principles that anyone can understand.
It's been a rough winter for most of the country. And, if you think Mother Nature hits hard, just wait a few weeks until Uncle Sam gets a crack at us.
Consider this scary statistic: In 2010, four out of 10 families headed by someone age 45 to 64 had nothing set aside for old age.
You worked long and hard to save that retirement money. Now is the time to be wise about paying the least amount of taxes you can and keep all that you can.
Taken together, these three steps -- creating accessible, affordable savings products, ensuring automatic enrollment and providing more effective incentives to save -- would vastly expand retirement security for our nation's working families.
When it comes to retirement, we could be talking decades. That's a long time to keep your eye on the prize and stay actively committed.
I've seen clients get into financial trouble in spite of making high salaries. Some are doctors, lawyers, or engineers -- educated professionals who earn six-figure incomes. Strangely enough, though, education doesn't necessarily lead to sound financial decisions.
Health care costs can have a pronounced impact on a retiree's financial situation. In fact, a 2013 ING U.S. Retirement Experience study found that paying for health issues was the biggest unexpected challenge for retirees.
Co-authored by Virginia Reno Patience is a virtue. In the case of Social Security, it can also translate to a higher retirement benefit. Up to 7...
We have a perfect storm of rich companies deciding to stick it to their employees. There has been little buzz about recent findings that Facebook offered no matching contribution to its employees' 401(k) accounts in 2012 and 2013.
While few people will regret saving money, another wallet-friendly option is to invest your tax refund into money-saving projects, such as energy efficient home improvements. In addition to helping reduce utility costs, you may qualify for a tax credit.
Neither one of us has a tendency to dwell on the past. The mistakes we've made, the hardships that befell us. Time does not stand still, we realized neither could we.
It's high time I retire a little bit now, in my mid-thirties, while happy, healthy and with a loving wife and two young children who are as game as I am for family adventure.
These questions are important to consider as you determine what percentage of pay you will contribute to your 401(k) plan.
Before taking the leap into retirement, we need to give a lot of thought to how prepared we are for 20 or more years without a paycheck. The most important question, of course, involves income and expenditures, those we can anticipate and those that are harder to predict, such as long-term care. And will there be enough left over to pay for some of the fun things we have been looking forward to?
The build-up to the 2014 Super Bowl has focused as much on the weather as it has on the Seahawks and Broncos. Given how unpredictable winter weather in New Jersey is, it makes a pretty good metaphor for the uncertainties you face in building your retirement nest egg.