What’s The Average ‘Upper Class’ Retirement Nest Egg? Here’s A Look At What The Wealthiest 20% Have Stashed Away You’re scrolling through social media and another friend is showing off their latest Mediterranean cruise. It’s hard not to wonder – are they living the dream or ignoring the whole “retirement savings” thing? If they’re part…
Elaine Silverberg, a 73-year-old widow, has been fighting JPMorgan Chase for 13 years over their refusal to pay her late husband’s estimated $331 monthly pension. When her husband Melvyn Silverberg passed away suddenly in 1988 at age 43 from multiple organ failure, Elaine was just 37 and left to raise three children on her own….
With the average rent in San Francisco hitting $4,000 a month, some residents have found a unique way to cut costs: sleeping pods. For just $700 a month, residents can rent a pod at Brownstone Share Housing, which includes a twin bed, two fans, a mirror and a curtain for privacy. These compact living spaces…
A woman looks over her 401(k) account statement to determine whether she should make catch-up contributions. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Catch-up contributions are designed to help people save extra money in tax-advantaged retirement accounts once they hit age 50. For many savers who…
courtneyk / Getty Images After decades of hard work, retirement is finally on the horizon. But with all the responsibilities, tasks and work deadlines, planning for retirement can easily fall off the list of all your priorities. Find Out: Cutting Expenses for Retirement? Here’s the No. 1 Thing To Get Rid of First Read Next:…
Anchiy / Getty Images It’s never too late to start planning for retirement. Practicing good money habits and best practices can give you some momentum. Ultimately, playing catch-up will give you more choices when you reach retirement age. Read More: 7 Things You’ll Be Happy You Downgraded in Retirement Check Out: 4 Things You Must…
kupicoo / iStock.com Many retirees live on a fixed income, and it can sometimes be challenging to make ends meet. Life is expensive, and it doesn’t get any cheaper as you get older. However, if you bought a home years ago and you still live in it today, you have options if you need extra…
monkeybusinessimages / Getty Images/iStockphoto Choosing when to retire is a complex decision — one that affects your family, health and retirement savings. According to data from the Board of Governors of the Federal Reserve System, while 27% of Americans consider themselves retired, 15% continue to work. There are compelling reasons to stay longer, from making…
Here are the 4 levels of wealth for American retirees — how do you compare? Many Americans believe they’ll need an average of $1.46 million in savings to secure a comfortable retirement, according to a 2024 Northwestern Mutual survey. Don’t miss But, as of 2022, the average savings balance in retirement accounts was only $609,000…
ljubaphoto / Getty Images Your current health habits are one of the most commonly overlooked ways to increase your retirement savings. Check Out: The Average Retirement Age in 2024 — US vs. Canada Read Next: 9 Easy Ways To Build Wealth That Will Last Through Retirement An estimated 14 million Americans have medical debt of…