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.
We never dreamed that one day we'd be living full-time internationally in short-term vacation rentals without a home base.
It was a good plan. And like all good plans, the Universe laughed while we made it.
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.
I know that when I retire, I don't want anyone talking about the titles I held or how "successful" I was making money or advancing in the corporate hierarchy. Instead, I want them to talk about the values I embodied and brought to work every day.
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.
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.
As the nation seeks to understand the causes and solutions of income inequality, the recent trend of outsourcing public services to for-profit corporations should be a focus of study. We've allowed huge corporations to assume control of our schools, roads, prisons and libraries.
Being unsettled and wanting more out of life is not a millennial problem or a hipster problem or a "whatever new word marketers are using to describe young people" problem. It's really a problem of being "plugged in" all the time, and never being given the freedom to shut off.
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...
Because different products have different features, it is important to read the prospectus for details including charges, investment choices, death benefits, payout options, and other features.
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.
The 1985 film 'St.Elmo's Fire' helped usher in a series of movies that spoke directly to the Boomer generation. Coming on the heels of 'The Big Chill,' the film was a poignant look back at our transition into adulthood -- a perspective that, in our late 20s and 30s, we were just beginning to appreciate.