Personal finance

Robinhood will pay a 1% “match” on customer contributions to retail Individual Retirement Accounts

Robinhood will pay a 1% “match” on customer contributions to retail Individual Retirement Accounts

Raphael Henrique | Sopa Pictures | Light flare | Getty Images Robinhood brings the concept of a 401(k)-style contribution to its retail customers who may not have access to a workplace retirement plan. The retail brokerage will pay a “match” of 1% on its clients’ contributions to a Robinhood Individual Retirement Account, the company announced …

Robinhood will pay a 1% “match” on customer contributions to retail Individual Retirement Accounts Read More »

I'm 56 and plan to retire at 62.  I will have both public pensions and social security - but I also have a child starting college that I want to pay for.  Do I need professional help?

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help?

Getty Images/iStockphoto Question: I’m 56 and work for a state university, so I will have a state retirement plan. Previously, I worked full time and contributed to social security for 20 years. I still work part-time and contribute to social security. I plan to retire in six years when I turn 62, and recently started …

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help? Read More »

This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say

This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say

Polls consistently show that older Americans regret a lot of things — working too much, choosing the wrong partner, not taking care of their health, and so on. There are also often financial regrets, such as not having saved enough and investing too little for retirement. This last regret has many reasons: everything from the …

This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say Read More »

Liz Weston: Make the most of the new charitable giving rules

Liz Weston: Make the most of the new charitable giving rules

At LIZ WESTON or NerdWallet Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly …

Liz Weston: Make the most of the new charitable giving rules Read More »

Can't max out your IRA by the end of 2022?  Here's why you don't have to worry

Can’t max out your IRA by the end of 2022? Here’s why you don’t have to worry

(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they usually come with more investment options than you’ll find in a 401(k) plan. For example, with IRAs, you can invest in individual stocks, whereas 401(k) plans generally don’t let you do that. But picking stocks by hand …

Can’t max out your IRA by the end of 2022? Here’s why you don’t have to worry Read More »

Are you finding the market difficult at the moment?  Here's how young investors can be smart with their money

Are you finding the market difficult at the moment? Here’s how young investors can be smart with their money

“Stock markets will periodically experience losing streaks […] and every investor will experience it from time to time,” one personal finance expert told CNBC’s Make It. xavier lorenzo | time | Getty Images Investing was hot earlier in the Covid-19 pandemic – stock markets boomed, as did retail investing apps, meme stocks and cryptocurrency. Trading …

Are you finding the market difficult at the moment? Here’s how young investors can be smart with their money Read More »

There's Bad News About the Big Social Security Rise of 2023

There’s Bad News About the Big Social Security Rise of 2023

(Christy Biber) Social Security retirees will get a huge increase in benefits in 2023. Their monthly checks will increase by 8.7%. This increase in benefits is the largest annual increase in pension payments in the past four decades. Seniors may be delighted to see their payments increase so much. But there’s some really bad news …

There’s Bad News About the Big Social Security Rise of 2023 Read More »

Kimberly Palmer: Vacation survival tips from 5 finance professionals

Kimberly Palmer: Vacation survival tips from 5 finance professionals

For Ryan Decker, surviving the holiday shopping season is all about planning ahead. In fact, if he sees a gift for one of his two young sons in March, he’ll go ahead and buy it, instead of rushing through his shopping list in December. “It eases the burden a lot,” he says, making his December …

Kimberly Palmer: Vacation survival tips from 5 finance professionals Read More »