Retirement Savings

Financial stress pushes retirees back to work

After more than a decade in retirement, Gregory Boulware returned to work in 2020. Boulware, 69, was a truck driver for about 30 years, spending long hours on the road, away from his Pennsylvania home, wife and children, to earn a living and put aside some savings. His body began …

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The average savings account pays 0.06%. 5 banks where your savings can earn more

Getty Images The national average interest rate on savings accounts is only 0.06%, according to Bankrate data from November. Ouch. The good news? You don’t have to go with such a low rate. First, look at online banks, as many offer higher rates – sometimes four or five times the …

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Liz Weston: 8 Rules for Saving, Borrowing, and Spending Money

The best personal finance advice is tailored to your individual situation. That said, a few rules of thumb can remove the confusion that often surrounds financial decisions and help you build a solid financial foundation. The following guidelines for saving, borrowing, spending, and protecting your money are drawn from nearly …

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There is good news for retirement savers in 2022

Saving for retirement is one of the most crucial financial tasks on your to-do list. You will need money invested to generate income to supplement Social Security, and the more you can save each year of your career, the better off you will be. That’s why this good news about …

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Inspire your employees to become “super savers”

What do a 30-year-old bookkeeper from Oregon and a 37-year-old school consultant from Minnesota have in common? They are both on track to retire early, perhaps at age 55. When Erynn Ross returned home to Oregon after graduating from college, he knew he would save money living with his mother. …

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For year-end tax savings, a particular type of pension may be the right remedy

Choose a topic Tax planning 01 December 2021 3 minutes to read Source / Disclosures Published by: Disclosures: Bhatia, Mandell and O’Dell do not report any relevant financial disclosures. ADD A SUBJECT TO E-MAIL ALERTS Receive an email when new articles are posted on Please provide your email address to …

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Retirement planning for physicians

Click here for the full session video and slideshow (registration required). Introduction: Physicians are often at a disadvantage when it comes to planning for retirement compared to other professionals, as they enter the workforce later in life and are typically heavily in debt. In fact, the average medical student graduates …

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Retirement Alert: Savers “Ignore Inflation Risks” As Retirement Funds Shift into Cash | Personal Finances | Finance

Pension contributions, especially occupational or private plans, are usually invested in the markets to increase the chances of securing a comfortable retirement. However, in recent years, pensioners have had more freedom in the management of their funds, which has led a number of Britons to take potentially risky measures. Retirement …

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3 people who shouldn’t invest in a retirement account | Personal finance

Keep your emergency fund in a high yield savings account rather than investing it. Investing is risky because the stock market is volatile in the short term. When you have an emergency, you often have to withdraw your funds at any time, which can mean selling your stocks when they …

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