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Retirement planning

Your financial advisor may not be giving good advice

by Adrian Jhonsan
Your financial advisor may not be giving good advice

Ascentxmedia | E+ | Getty Images Many people claim Social Security retirement benefits at the earliest possible claiming age of 62. But that decision prompts their monthly benefits to be …

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Categories World

Series I bond rate is 4.28% through October 2024

by Adrian Jhonsan
Series I bond rate is 4.28% through October 2024

Jitalia17 | E+ | Getty Images Series I bonds will pay 4.28% annual interest from May 1 through October 2024, the U.S. Department of the Treasury announced Tuesday. Linked to …

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Categories World

Advice about 401(k) rollovers is poised for a big change. Here’s why

by Adrian Jhonsan
Advice about 401(k) rollovers is poised for a big change. Here’s why

Johner Images | Johner Images Royalty-free | Getty Images A new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans …

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How to decrease your cost of living by retiring to Europe

by Adrian Jhonsan
How to decrease your cost of living by retiring to Europe

There’s a vast and complicated industry around planning for life in retirement, but if you’re thinking about how you can call it quits earlier or live more luxuriously when you …

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Americans worry changes to retirement system will upend their plans

by Adrian Jhonsan
Americans worry changes to retirement system will upend their plans

Viewstock | View Stock | Getty Images Last year, Americans’ confidence that they would have enough money to live comfortably in retirement fell the most since the global financial crisis. …

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Categories World

U.S. states where you need a million dollars to retire

by Adrian Jhonsan
U.S. states where you need a million dollars to retire

On average, Americans believe they should save up around $1.46 million before retiring, per Northwestern Mutual’s 2024 Planning and Progress study. But in certain states, like Hawaii, you’d actually need …

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Here are key things to know before tapping inherited IRAs

by Adrian Jhonsan
Here are key things to know before tapping inherited IRAs

Jacob Wackerhausen | iStock / 360 | Getty Images If you’ve inherited an individual retirement account since 2020, you could have a shorter timeline to withdraw the money, which can …

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The best way to get started

by Adrian Jhonsan
The best way to get started

When it comes to teens and money, there is often a disconnect. Overall, teenagers are taking a greater interest in their own long-term financial health — although far fewer understand …

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Categories World

Here’s why it may be better to buy Series I bonds before May, experts say

by Adrian Jhonsan
Here’s why it may be better to buy Series I bonds before May, experts say

dowell | Moment | Getty Images While the annual rate for newly purchased Series I bonds could fall below 5% in May, the assets may still appeal to long-term investors, …

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Most retirees don’t delay Social Security benefits. Experts say it pays to wait

by Adrian Jhonsan
Most retirees don’t delay Social Security benefits. Experts say it pays to wait

Sporrer/Rupp | Image Source | Getty Images The largest and final cohort of the baby boom generation — 30.4 million Americans — will turn 65 by 2030. And more than …

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Categories World
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