Building a portfolio worth $1 million or more may sound like an impossible goal that’s reserved only for the wealthiest workers. However, while not everyone will be able to reach millionaire status, the strategy for getting there is simpler than you might think. There are two key factors to reaching $1 million in savings: Invest […]
Companies are responding to an aging workforce and scars from the past three years of elevated inflation by changing up options in their retirement plans, according to surveys by global asset manager MFS Investment. Six of 10 retirement savers said they’re worried inflation could affect their savings, while 61% of the more than 4,000 plan […]
Financial advisor and columnist Brandon Renfro I’m 50 and my husband is 57. We paid off all debts and have $1 million in our 401(k) and IRA. We also own $1 million in rental properties that give us a $5,000 net profit monthly. We hope to keep the rental homes for another 15 years for […]
PORTLAND, Ore. (AP) — Party Bus, a 3-year-old bull bred for bucking, has performed in his first and last rodeo. Party Bus — named after his father, Short Bus — made national headlines last weekend at his first rodeo when he jumped the fence of a crowded arena in central Oregon and careened through the […]
Dave Ramsey Tells Americans ‘If You Retire Broke, It’s Your Fault,’ Explains How To Retire With $1 Million Financial guru Dave Ramsey doesn’t mince words on The Ramsey Show, asserting, “It’s your fault in this country if you retire broke.” According to Ramsey, anyone who has worked their entire life should have something to show. […]
Jennifer Barnes is CEO of Optima Office. For as long as I’ve been a business owner, the narrative surrounding the baby-boomer generation was all about the coming retirement wave. We were promised a mass exodus from the workforce, a seismic shift that would leave companies scrambling to fill the void. At Optima Office, an outsourced […]
The maximum monthly benefit Social Security recipients can collect in 2024 is $4,873. But don’t kid yourself — most seniors receive a lot less money than that each month. The average retired worker, in fact, was getting just $1,915 a month as of April. You may be eager to do what you can to chase […]
Wavebreakmedia / Getty Images/iStockphoto While retirement is the ultimate goal for many working professionals, no matter what age or demographic you might find yourself in, it’s not always possible to do so at the typical age of 65. In fact, two generations are retiring much later than 65, forced into the position of working longer […]
If you’re saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research indicates there may be a significantly more lucrative way to handle your nest egg. A […]
Exchange-traded funds (ETFs) give investors an easy and low-cost way to spread their bets among hundreds and even thousands of companies, eliminating the need to try to find individual winning stocks. This broad-based diversification can help you reduce your risk while still allowing you to profit from powerful trends, such as the artificial intelligence (AI) […]
This article takes a look at the the best small town to retire where $100k in savings will last you the longest. Check out our full list at 30 Best Small Towns to Retire Where $100K in Savings Will Last You the Longest. Maximizing Retirement Savings: Top 30 Small Towns Where $100K Lasts Longest How […]
Want To Retire Early? Dave Ramsey Offers Surprising Tip To Fast-Track Your Retirement Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Retiring early might sound like a fantasy, especially in today’s economic climate, but financial guru Dave Ramsey assures us it’s entirely possible with the right […]