News
Warren Buffett’s No. 1 Rule for Not Running Out of Money in Retirement
2+ hour, 2+ min ago (338+ words) If you fear running out of money in retirement, you're not alone. People build nest eggs for decades to help ensure they can do everything they want once they're retired, whether that's travel, dine out or pick up a new…...
The Hidden Retirement Trap in Elon Musk-Style Bets (And How Not to Run Out of Money)
1+ day, 5+ hour ago (509+ words) Elon Musk has made a name for himself by taking massive risks in industries that have high potential, such as electric vehicles, space exploration and artificial intelligence. When you concentrate a large portion of your money into one asset, you…...
Ignore the 4% Rule: This Is the Best Retirement Investing Strategy for Most Americans
2+ day, 5+ hour ago (592+ words) For decades, conventional wisdom has argued that financial planner William Bengen's famous 4% rule, which he introduced in 1994, could safely carry retirees through their golden years. The strategy, which begins with withdrawing 4% of your retirement savings in Year One then increasing…...
What Happens If You Claim Social Security at 62, 67 or 70?
2+ day, 10+ hour ago (373+ words) You can start receiving Social Security benefits at age 62, but that doesn't mean you should. Your benefits generally increase the longer you defer them, making when you tap Social Security one of the most important financial decisions you'll make while…...
The New Money Rules: A Suze Orman-Inspired Guide to Risk, Work and Retirement
5+ day, 2+ hour ago (392+ words) Personal finance guru Suze Orman has offered tons of advice to help people get out of debt, save money and pursue their retirement goals. However, during her long career, some of the rules have shifted with the times. Longer lifespans,…...
What Elon Musk Gets Right About Risk — and the 4 Investing Moves People Over 50 Should Avoid
5+ day, 5+ hour ago (576+ words) Ambitious entrepreneurs like Elon Musk take on risk when pursuing new ventures. While the CEO of Tesla isn't in the same position as many investors who are simply saving for their long-term goals, there are lessons investors can take away…...
Why So Many Americans Don't Feel Prepared for Retirement
5+ day, 9+ hour ago (443+ words) Retirement jitters are intensifying for older Americans as confidence in long-term financial security slips. According to a new survey from CNO Financial Group, 32% of middle-income adults ages 50 to 85 say their confidence in their retirement plans has declined over the past…...
Warren Buffett’s 3 Rules for Protecting Your Retirement Savings After 50
1+ week, 1+ day ago (492+ words) Young investors are typically focused on growing their portfolios. They can invest in risky assets like stocks since they have time to ride out market volatility. However, your risk tolerance " and therefore your investment strategy " usually changes as you age....
The Emergency Vet Bill That Can Blow Up Your Retirement Plan
1+ week, 2+ day ago (191+ words) Pets can be the best companions. But taking care of them comes at a steep cost. Healthy Paws pet insurance: Get competitive rates here " it's quick and easy If you're not prepared, an emergency expense can require pulling funds from…...
Social Security Trust Fund to Run Out of Money in 2032, a Year Sooner Than Expected
1+ week, 3+ day ago (527+ words) The coffers that fund Social Security's retirement payments are running dry faster than expected. An economic outlook released Wednesday by the nonpartisan Congressional Budget Office has determined that Social Security's Old Age and Survivors Insurance trust fund will become insolvent…...