My late husband left me as his 401(k) beneficiary — but now his employer is forcing me to take distributions even though I’m not ready. What do I do?
When Leslie’s husband died in late 2022, she was devastated, but grateful he had left behind a 401(k) with nearly $350,000 in retirement savings. After taking time to grieve, she contacted the employer’s plan administrator in early 2023. The account was transferred to her name, and she assumed she could leave it untouched while she […]
Most Americans think 63 is the perfect age to retire — but they’re dead wrong. Here’s the big number to bet your retirement on instead
When it comes to retirement, timing is everything. If you leave the workforce too early, you could increase the chances of outliving your savings. And if you retire too late, you may find yourself more exposed to age-related health risks with less time to enjoy your golden years. Must Read Thanks to Jeff Bezos, you […]
Gen Z Canadians are better at saving for retirement than millennials. Here’s how you can start saving young
How did you learn financial concepts growing up? If you’re a Boomer or a Gen X, you might mention important books or classes you took. If you’re a millennial like me, you might tout literature alongside more digital mediums, like podcasts or even videos. But for Gen Z, many of them are leaning on purely […]
I’m 59, just got laid off and our household income is now under $100K. How do I cover my daughter’s $36K tuition without raiding my retirement?
Losing a job can throw a wrench into anyone’s financial plans. Imagine you’re Mark, 59, and your daughter, Mary, recently headed off to final year at her dream college. The fall semester was off to a great start, until Mark lost his job unexpectedly. Before that, he was earning $100,000 per year. When combined with […]
Canadians are increasingly keeping more cash on hand as the world becomes more digitized — Is this a smart move?
“Cash is king." For millennials and generations before them, this phrase reminds them of a time before digital wallets, online payments and plastic payment methods. Now you might think the notion is obsolete given the technology in our pockets. But, according to a recent Bank of Canada (BoC) report surveying payment methods of Canadians, it […]
Stop wasting $100+ a year on credit card fees — 5 smart ways Canadians can escape them for good
Canadians love their rewards — nearly 90% of households own at least one credit card, and 55% of rewards cardholders pay an annual fee to unlock perks like travel points, cash back, and insurance, according to a report released by the Canadian Bankers Association. With fees ranging from $24 to $699, these costs can quickly […]
There’s a curious boom of New York City rental buildings with exactly 99 units — why that may be bad news for the city’s housing plans
New York City renters have one number on their minds right now: zero. That’s how much the leading mayoral candidate, Zohran Mamdani, has promised to raise the rent by for rent-stabilized tenants. But while everyone else is debating the proposed rent freeze, New York City developers have another magic number on their minds: 99. Under […]
Only 43% of Gen Xers feel confident about reaching their retirement goals — but here’s why the ‘slacker generation’ might deserve a bit of slack
Generation X — the now middle-aged former latchkey kids who spent much of their childhoods unsupervised in front of MTV — are known for their independence, resourcefulness and pessimism. That pessimism, it seems, extends to retirement. Of all generations, Gen Xers (those born between 1965-1980) are the least likely to feel confident they’ll reach their […]
How much savings do I need to spend $12,000/month in retirement? A lot more than you probably think
For many Americans, retirement isn’t just about getting by — it’s about living comfortably and maintaining a middle-class lifestyle. Earning $12,000 a month ($144,000 a year) in passive income, for instance, could make that possible, covering everyday expenses while still allowing for travel, dining out, and other luxuries. But reaching that level of income in […]
‘Can’t even afford to pick them’: Florida farmers plowing over perfectly good tomatoes as tariffs cause prices to plummet. How farmers are reacting
This article adheres to strict editorial standards. Some or all links may be monetized. Tony DiMare’s family owns 4,000 acres of tomato farms across Florida and California. Sadly, his Florida crops have been mowed over and left to rot, as with many tomato vines across the state. But the reason has nothing to do with […]