Hispanolistic | E+ | Getty Images A retirement savings crisis is looming for people who have 401(k) plans and other retirement balances woefully short of what they will need to live on. But some workers — called “super savers” — are managing to successfully grow their retirement nest eggs. Super savers are workers who are
Month: June 2024
Taylor Swift fans queue outside Murrayfield Stadium in Edinburgh, Scotland, on June 6, 2024. Her fans, known as Swifties, had made the superstar $200 million in Eras merchandise sales as of November 2023. Jeff J Mitchell | Getty Images News | Getty Images Even while carrying $1.13 trillion in credit card debt, many Americans are still willing
Americans with about 10 years to go before reaching retirement age are “critically underprepared,” according to a new study by Prudential. The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with just a decade until retirement,
Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service, speaks at a Senate Appropriations subcommittee hearing in Washington, D.C., on May 19, 2021. Bloomberg | Bloomberg | Getty Images Many taxpayers are experiencing “long delays and uncertainty” amid a backlog of roughly 1.4 million pandemic-era small business tax credit claims, according to the national
U.S. President Joe Biden is joined by Education Secretary Miguel Cardona (L) as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on June 30, 2023 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images
Tourists walk through a park in Chicago, on May 26, 2024. Jamie Kelter Davis/Bloomberg via Getty Images Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially. For example, renters in Syracuse, New York, saw monthly rents for one- and
Joe Biden and Donald Trump 2024 Brendan Smialowski | Jon Cherry | Getty Images President Joe Biden and former President Donald Trump will face off Thursday in the first presidential debate of the 2024 general election — and the presumptive nominees could show voters where they stand on tax policy, experts say. One key issue is the
Vm | E+ | Getty Images Buying a home and maintainingit is expensive, but selling it is costly, too, according to a new report. It typically costs $54,616 to sell a house in 2024, according to a June 17 report from Clever Real Estate. Almost half of surveyed home sellers, or 42%, said their costs
Miodrag Ignjatovic | E+ | Getty Images Americans firing up their grills for Fourth of July celebrations will likely pay more for some traditional barbecue staples this year. That’s largely due to inflationary pressures in the U.S. economy and supply shocks related to specific foods like beef and lemons, according to agricultural economists. The average
Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023. Ting Shen | Bloomberg | Getty Images The IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings, the agency said on Thursday afternoon. Enacted
Rhode Island made news this month when it became the twentieth state to establish a state-facilitated retirement savings program and the seventeenth to do so with an auto-IRA model. This action by the Rhode Island legislature means every state in New England, except New Hampshire, will now offer a state-facilitated savings program. States elsewhere in
Do you have a friend who you could call in the middle of the night? Or even help you move a couch? In my book Breadcrumb Legacy: How Great Leaders Live a Life Worth Remembering (Routledge), I challenge readers to think about who they could call to help them move a couch when thinking about
Have you ever imagined living under the Tuscan sun? If so, your dream could become a reality—thanks to a new initiative by this pretty region of Italy that is offering financial incentives to people willing to move to its charming, less-populated towns. With the program, “Residenzialità in Montagna 2024” (Residentiality in the Mountains 2024), Tuscany
What is considered the greatest transfer of wealth in history is happening today—one family at a time, from one generation to the next. According to a study by Edward Jones, in collaboration with NEXT iShares Exponential Technologies ETF 360 Partners and Morning Consult, nearly a third of Americans have or will be receiving an inheritance.
For many people considering a retirement in Europe, one of the things they look forward to is the option to go car-free. It makes sense for a number of reasons. One, depending on the make, model, and age of your vehicle, importing it from North America to Europe can cost upwards of $20,000. Not only
Millions of us are middle aged or older, caring for aging parents and other loved ones who can no longer be independent. We see how they decline, whether slowly or sometimes rapidly after some accident or episode. The last part of their lives does not look so great. Chronic illness, doctor visits, loss of ability
Medicare beneficiaries need to know the changes taking place in in 2024 and 2025. The changes begin with the inflation adjustments for various Medicare features. The monthly basic Part B Medicare premium increased by $9.80 (or 5.94%) to $174.70 on January 1. The annual Part B deductible increased by $14 to $240. The additional Part
What are the best cities to live in the world? Every year, the Economist Intelligence Unit (EIU) evaluates cities across the globe for their liveability, releasing the much-anticipated Global Liveability Index 2024. This year, the new report examines 173 cities using data like stability, healthcare, culture, environment, education and infrastructure, then ranks them on a
Some jobs become increasingly taxing as one ages. Airline pilots and air traffic controllers, for example, are subject to mandatory retirement ages. While not subject to mandatory retirement ages, many police officers and firefighters retire from their public safety job at earlier ages due to the dangerous and physically demanding nature of the work. It’s
Roger Federer played 1,526 singles matches throughout his career and won nearly 80% of them. However, he recently revealed that he only won 54% of the individual points within those matches. To put it another way, one of the greatest tennis players of all time barely won over half the points he played throughout his
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