Personal finance

Confessions of a Personal Finance Journalist (Part 2): 3 More of My Worst Financial Mistakes

Confessions of a Personal Finance Journalist (Part 2): 3 More of My Worst Financial Mistakes

Sarah O’Brien works hard to write about personal finance. Salvatore Agostino One of the best things about being a personal finance journalist is my ability to recognize the many financial mistakes I’ve made in my life. I already divulged some of them in the first version of this confessional two years ago. Although some of …

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Americans Think It Takes $1.7 Million To Retire Comfortably: Here's How Much You Need To Save Each Month To Reach 65

Americans Think It Takes $1.7 Million To Retire Comfortably: Here’s How Much You Need To Save Each Month To Reach 65

On average, American workers believe they will need $1.7 million in retirement savings, but just under half believe they are likely to meet their savings goals, according to a recent study by Charles Schwab. It’s understandable: financial planners generally recommend saving between 10% and 15% of your gross annual salary for retirement, which is no …

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What investors need to know about behavioral tricks in financial products

“Dark patterns are design features used to trick, direct, or manipulate users into behavior that is profitable for an entity offering a product or service, but they are often detrimental to users.” -Rohit Chopra, Consumer Financial Protection Bureau If you’re familiar with behavioral finance, you probably know the power of a good nudge. Nudges are …

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Personal Finance Myths, Are You Falling for These Personal Finance Myths?

Do You Fall For These Myths About Personal Finance?

Reading time: 3 minutes Close up of unrecognizable woman using calculator while looking through bills and house finances. There is misinformation circulating in the 2020s. Perhaps the reason for all the myths, falsehoods and misconceptions is the thousands of sources online, some of which are of dubious origin. Virtually anyone with a computer can create …

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