Several investment income strategies can help ensure financial stability. getty As your retirement approaches, like many Canadians, you may want to shift your financial focus from wealth accumulation to generating reliable income streams that can sustain your lifestyle during your golden years. There are several investment income strategies for you to consider that will ensure
Congress passed the Secure 2.0 Act in 2022 to expand saving opportunities for individuals who have access to savings vehicles like 401(k)s and workplace savings plans. Several of the bill’s provisions go into effect in 2025 and, if you’re like many workers, your 401(k) or workplace savings plan is likely the foundation of your retirement
Real estate, keychain with house symbol. Key with finance blank. getty In case you haven’t heard, the Federal Reserve is about to cut interest rates. That is big news for this trio of dividend payers, dishing between 11.1% to 12.6% per year. These stocks survived the high-rate cycle. Are they about to thrive as the
wavebreakmedia / Shutterstock.com When you picture your retirement, you probably envision days filled with fun and void of worry. Unfortunately, with more than half of Americans saying they might not have saved enough for retirement, too often our golden years are woefully low on gold. Explore More: 8 Myths About Debt That Boomers Must Stop
Open this photo in gallery: In addition to volunteering, John Kerr of Stittsville, Ont., walks his 12-year-old dog Charlie, an Australian shepherd and husky mix, three to four times daily. “He has been my rock and helped me through the dark days,” he says.Justin Tang/The Globe and Mail Sign up for the Globe Advisor weekly
Larry, 60, graduated from law school in 1990 with just over $68,000 in student debt. Due to scholarships — along with Pell Grants from his undergraduate education — Larry, who requested his last name be withheld for privacy, was able to finish his higher education with what he said was a manageable balance at the
What can AI teach the average person about investing for retirement? If we’re using ChatGPT to compose emails for us, create a new resume, or even get movie recommendations, what about stock tips and investment strategies? Increasingly, financial professionals are leaning into artificial intelligence to do investment research and run future portfolio scenarios and potential
Investors across the US fear their retirement savings have vanished — after this California gold firm ‘abandoned’ them A Beverly Hills company that promised to convert retirement accounts into precious metals has seemingly shut down without a trace — and its customers fear their nest eggs have vanished with it. Scott Dahl fears his retirement
Goodboy Picture Company / Getty Images An AARP survey from January 2024 found that 20% of Americans ages 50+ have no retirement savings. Many also view their financial standing as “fair” or “poor.” With retirement so close, now is the perfect time to seek help getting back on track. Find Out: 7 Reasons You Shouldn’t
courtneyk / Getty Images For many of us, retirement on the horizon means tightening our belts and cutting back on expenses. But before you start pinching pennies like there’s no tomorrow, some experts say you might want to pump the brakes. Check Out: Cutting Expenses for Retirement? Here’s the No. 1 Thing To Get Rid