Personal finance

3 Ways Saving for Retirement Could Help Your Finances Today

3 Ways Saving for Retirement Could Help Your Finances Today

(Kailey Hagen) Saving for retirement is generally considered a form of deferred gratification. You choose not to spend some of your money now in exchange for more money when you retire. But that’s too simplistic a way of looking at it. Although you won’t realize the full benefits of saving for retirement until you withdraw …

3 Ways Saving for Retirement Could Help Your Finances Today Read More »

Want more retirement income?  Here's an investment worth owning

Want more retirement income? Here’s an investment worth owning

(Maurie Backman) Retiring on Social Security alone is generally a bad idea. These benefits will only replace about 40% of your pre-retirement salary if you earn an average salary. And that’s assuming that benefits aren’t substantially reduced across the board. As Social Security faces a financial shortfall, seniors could face benefit cuts if lawmakers don’t …

Want more retirement income? Here’s an investment worth owning Read More »

What is the difference between the average and actual rate of return?

What is the difference between the average and actual rate of return?

If an investment advisor is touting an impressive average rate of return, beware, because losses can “hide” among gains and hurt your financial success. Let’s explore the meaning of the average rate of return versus the actual rate of return. Your most compelling reason for making an investment choice may very likely be based on …

What is the difference between the average and actual rate of return? Read More »

4 drastic - but painless - changes I made to my financial plan to prepare for a recession

4 drastic – but painless – changes I made to my financial plan to prepare for a recession

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. I’m already living like we’re in a recession to prepare for what …

4 drastic – but painless – changes I made to my financial plan to prepare for a recession Read More »

Today's mortgage and refinance rates: November 14, 2022 |  Rates hold steady after last week's drop

Today’s mortgage and refinance rates: November 26, 2022 | Cooling labor market is good news for rates

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates have remained relatively low this week, and the latest economic …

Today’s mortgage and refinance rates: November 26, 2022 | Cooling labor market is good news for rates Read More »

How Congress can make it easier to set aside money for emergency spending

How Congress can make it easier to set aside money for emergency spending

Thomas Barwick | Digital vision | Getty Images Many families struggle to come up with money when faced with an unexpected $400 expense. This lack of emergency savings may force them to borrow money at high interest rates to pay for the surprise expense, putting their financial security at risk. Congress now has a window …

How Congress can make it easier to set aside money for emergency spending Read More »

Are term funds good for your retirement?  Yes and no.

Are term funds good for your retirement? Yes and no.

(Adam Levy) Target date funds are a common choice for employees in their 401(k) and other retirement accounts. The set-it-and-forget-it approach makes investment decisions simple and removes the need for any portfolio management. Everything is done for you. Although they are a very common choice among retirement savers, they are not always the best choice. …

Are term funds good for your retirement? Yes and no. Read More »

A former employee’s Joe key trader’s secret

Image source: Getty Images If you like shopping at Trader Joe’s, you should read this. Key points Trader Joe’s sells many exclusive products that people love. Sometimes products are discontinued for various reasons including cost. A former Trader Joe employee explains how you can tell if an item is discontinued – if it’s been gone …

A former employee’s Joe key trader’s secret Read More »