One further negative effect of inflation is that fewer people are putting money down for retirement. Everything from the cost of food, car repairs, and electricity has been impacted by inflation. Now inflation is beginning to chip away at people’s ability to save for retirement.
Diversifying your retirement portfolio is always good, but do we do it? From August 9-11, 2022, GOBankingRates polled 997 Americans ages 18 and older to determine what they are investing in for retirement. The survey included 16 questions regarding various financial matters, with one, in particular, focusing on the assets in respondents’ retirement accounts. Multiple responses were permitted based on each survey respondent’s portfolio components. The results were filtered using several different criteria, including age …
Financial models often assume stable retirement expenditure, but evidence reveals that expenditure decrease over time. A new study shows that retirees are less interested in leisure activities such as eating out and traveling, having financial difficulties, and having to cut back.
A new study shows that “super savers” have good money habits far beyond building their nest eggs. Even though the idea of becoming a “super saver” might seem scary, experts say that making small changes to habits and lifestyle can go a long way toward helping workers save more.
Tampa, Florida – Many retirees may be able to live comfortably on their Social Security benefits alone, particularly if they are eligible for the maximum benefit of $4,873 per month in 2024. Despite common advice to not rely solely on Social Security, high earners in particular may find this benefit to be adequate if they are used to a certain lifestyle. However, the majority of Social Security recipients will not be eligible for the maximum …
Saving for a post-work world has become a near-universal ideal: the 50-something workers who worry about their nest eggs have been joined by younger workers who experienced new working arrangements and the promise of life outside the office during the pandemic. Could you be saving to much?
Investing in tax liens can expose your portfolio to real estate, even if you don’t own property. However, the process can be complex, and novice investors risk losing money. Investing in a tax lien certificate can be risky, so here’s what you should know about it