Vacation Survival Strategies from 5 Financial Educators

Kimberly Palmer For Ryan Decker, surviving the holiday shopping season means planning ahead. In fact, if he sees a gift in March for one of his two young children, he’ll buy it, instead of rushing through the shopping list in December. “It greatly eases the burden,” she says, making December bills more manageable because it … Read more

Vacation Survival Strategies from 5 Financial Educators

Kimberly Palmer For Ryan Decker, surviving the holiday shopping season means planning ahead. In fact, if he sees a gift in March for one of his two young children, he’ll buy it, instead of rushing through the shopping list in December. “It greatly eases the burden,” she says, making December bills more manageable because it … Read more

Will Washington pay you to save for retirement?

(Dan Caplinger) Saving for retirement is an essential component of long-term financial planning. But it’s also difficult, especially for those who have enough trouble making ends meet to pay for normal living expenses. Historically, the Internal Revenue Service has tried to encourage people to save for retirement, especially among low-income Americans. The Retirement Savings Contributions … Read more

Here’s the top place to stash your retirement savings in 2023

(Kailey Hagen) Increasing your wealth requires strategy as well as spare cash, and one of the most important decisions you’ll need to make is where you keep your money. The account you choose determines what your investment options are, when you pay taxes on your funds, and how much you can set aside each year. … Read more

Because building credit is essential for stay-at-home spouses

Sarah Ratner Spouses share a lot, but regardless of your relationship status, your credit score belongs to you and you alone. Even if you are 100% financially supported by your spouse or partner, establishing and building your credit score is essential. It can benefit both of you as you navigate financial decisions together. But if … Read more

Vacation survival tips from 5 financial pros

From KIMBERLY PALMER or NerdWallet For Ryan Decker, surviving the holiday shopping season means planning ahead. In fact, if he sees a gift in March for one of his two young children, he’ll buy it, instead of rushing through the shopping list in December. “It greatly eases the burden,” she says, making December bills more … Read more

Can you really retire on Social Security alone?

(Katie Brockmann) According to a recent survey by The Motley Fool, about 40% of retired Americans say they rely “completely” on Social Security in retirement. Many workers are also retiring expecting to be heavily dependent on Social Security. In fact, about a quarter of working people say their benefits will be their primary source of … Read more

Why owning a property in retirement is a good idea

(Liz Brumer Smith) Owning rental properties can be a good idea, regardless of age. But owning retirement real estate can be very beneficial because it can help you diversify your retirement income while also replenishing your retirement savings. If you’re looking for ways to expand your senior income, here are three reasons why owning retirement … Read more

Why Social Security financial problems should worry you, even if you’re nowhere near retirement

(Maurie Backman) You may have heard that Social Security is running out of money and won’t be available in the foreseeable future. The good news is that’s not true. Social Security may be looking for a financial shortfall, but it’s not in danger of disappearing completely. However, it is at risk of performance cuts. In … Read more

Could Social Security save you in the event of a recession in 2023?

(Maurie Backman) Will there be a recession in 2023? This is a question on many people’s minds right now. The Federal Reserve has been raising interest rates for months in an attempt to slow the pace of inflation. But its interest rate policies could fuel a sharp drop in consumer spending as lending becomes prohibitively … Read more