Personal finance

Nearly 70% of Americans are looking for extra work to fight inflation

Nearly 70% of Americans are looking for extra work to fight inflation

A few months ago, Mike Petree noticed an alarming trend: his bank account was getting uncomfortably low on the weekends before he got his paycheck, paid bi-weekly on Wednesdays. Despite no change in their daily routines, the bills for him and his family of five have skyrocketed: a $120 weekly grocery bill soared to $200, …

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How to turn stock losses into tax savings and other ways to lower your tax bill

How to turn stock losses into tax savings and other ways to lower your tax bill

Prathanchorruangsak | Istock | Getty Images Review withholding tax First, you want to examine how much money is withheld from your payroll for federal taxes. Having too little tax withheld could result in a tax bill or penalty. If too much tax is withheld, you may get a refund. You should check your source deductions …

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Why investing in income properties is not part of my retirement strategy

Why investing in income properties is not part of my retirement strategy

(Maurie Backman) There’s a reason so many retirees tend to struggle financially – they don’t settle down with enough income streams for their senior years. Many seniors end up turning to Social Security to provide the bulk of their income (or, in some cases, all of their income). But these benefits generally don’t set the …

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Investing in this ETF now could make you a millionaire retiree

Investing in this ETF now could make you a millionaire retiree

(Chuck Saletta) As the market has fallen significantly from its all-time highs, the benefits of dollar cost averaging in a low-cost, broad-based equity index fund are becoming quite clear. By making regular investments every payday in this market, every dollar you invest buys so many more shares as the stock goes down. This may not …

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Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

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Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Everything Parents Need to Know About Student Loan Forgiveness

Everything Parents Need to Know About Student Loan Forgiveness

Studio Phynart | Istock | Getty Images President Joe Biden’s announcement last month that he will forgive up to $20,000 in student debt for borrowers will also impact the millions of parents who have taken out loans for their children’s education. Debt forgiveness applies to so-called Parent PLUS Loans, federal loans that parents can take …

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Can you really retire a millionaire with ETFs alone?

Can you really retire a millionaire with ETFs alone?

(Catherine Broc) If you don’t see yourself as a stock picker, ETFs offer an accessible investment alternative. But you may wonder about the downsides. Does an ETF strategy have the same potential for long-term wealth as owning individual stocks? Rest assured, if you’re aiming for millionaire status in retirement, you can achieve that goal as …

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