Here’s how much the average working US boomer has saved for retirement — are you already ahead?
With the youngest baby boomers now 61, much of the generation is already retired or nearing retirement. However, data shows many have inadequate savings and may struggle to maintain their standard of living. In fact, some boomers have saved so little that younger Americans could surpass them with just a few years of disciplined saving […]
Walmart’s chief people officer reveals the 1 type of person she steers clear of when hiring — and the 1 trait that could boost your employability
Finding a job in the U.S. is getting tougher. In fact, in July, the country added just 73,000 jobs, which suggests the labor market is weakening substantially. Not only that, but data for May and June was also revised downward, with the estimated 144,000 net job gain in May revised down to just 19,000 jobs […]
I’m 36 and my mother died suddenly, leaving me her sole beneficiary. I’ve made stupid mistakes with money before — how do I avoid a misstep this time?
Receiving a large inheritance may be a happy daydream for many people, but the reality is not always so pleasant. Managing money isn’t easy for many people, especially if they are used to living on very little. Thomas Shortreed, a behavioral financial advisor in Cortland, Ohio, tells Fidelity, “Money is very emotional. It feels good […]
As housing prices keep homeownership out of reach for many Americans, here’s how some are making it work — plus how you can invest in the market
This article adheres to strict editorial standards. Some or all links may be monetized. Charly Bass-Davis moved to Wilmington, Delaware, when she was 10 years old. At the time, there were thriving businesses and a solid sense of community. However, her neighborhood began to decline as housing prices rose, leaving many homes vacant. A former […]
More seniors are using life settlements to bolster their retirement income — but is there a catch to cashing in early on your life insurance policy?
Most people purchase a life insurance policy so their loved ones are taken care of when they die. But what if you wanted to cash in on that policy while you’re still alive, to pay for necessities now? That’s the idea behind life settlements, a financial strategy that’s gaining traction with seniors. It works like […]
Don’t gamble the farm in your 50s: Morgan Housel warns couples nearing retirement not to chase risky returns — here’s his safe plan for catching up
Deciding when to hang up your boots and finally enjoy the fruits of your labor is one of life’s greatest harvests; it’s also one that deserves a hard look at your finances. A new Bankrate survey shows that 58% of Americans feel their retirement savings are falling behind, leaving many soon-to-be retirees at a crossroads […]
Ray Dalio warns Americans the current chaos is much bigger than tariffs – 2 simple ways to protect yourself
This article adheres to strict editorial standards. Some or all links may be monetized. Waves of tariffs from President Donald Trump — despite a temporary pause on many — has unleashed chaos across global markets, reigniting trade tensions and rattling investors. But billionaire hedge fund manager Ray Dalio says the real storm is still to […]
I’m just 3 years away from retirement and seriously considering moving to NYC — but is it crazy to move to such an expensive city in my golden years?
Rena is three years away from retirement, and she’s being proactive about planning out exactly what she wants her golden years to look like. She dreams of moving back to New York City and living in Manhattan, where she lived in her 20s. She is worried that her dream, however, may not be realistic. She […]
Frustrated Maine man pays $20K fine with coins weighing over 12K pounds — but the town may charge a handling fee to count it. Whose side are you on?
When most people get slapped with a fine, they settle it the usual way: wire transfer or check. But Maine contractor Kirk Sherman took a more unconventional route. After buying a waterfront property on Lake Sheepscot in April 2024, Sherman was hit with a $20,000 fine for violating the town’s lakeshore ordinance. He told WABI […]
This US oil titan is slashing up to 25% of its workforce — a stunning move impacting thousands of jobs. So what happened to ‘drill baby drill’?
“Drill baby drill!” proved a popular rallying cry for Donald Trump during the 2024 presidential election. But with a slowdown in both oil production and demand this year — a slump projected to extend into 2026 — a more accurate phrasing might be “Drill baby? Drill?” The layoffs announced by ConocoPhillips, the nation’s third-largest oil […]