Potential Impact of Rebalancing Your Investments (Photo credit should read MICHAEL BUHOLZER/AFP via … [+] Getty Images) AFP via Getty Images If you had to put $10,000 of your cash savings into an investment vehicle today, how would you choose? There’s no guaranteed right or wrong answer with the exact investment, but the strategy investors
Burt Malkiel, the author of the bestselling investing book A Random Walk Down Wall Street, tells Fortune that trying to get in on individual AI stocks now could be a big mistake for the average investor. Just look at the shakiness of the markets over the past few weeks. “There is such clear evidence by looking
A significant increase in over-50s searching for re-mortgage deals with terms that will carry them close to or into retirement has been recorded by a mortgage services provider. The data was taken from Legal & General Mortgage Services’ Ignite platform, which is used by brokers to source mortgage product information. Searches for 21 to 25-year
Homeowners have unique retirement opportunities that renters do not. Among them is the option to sell their homes and move to a smaller, cheaper house — perhaps in a cheaper neighborhood or even a cheaper state — and bank the profit. But that strategy isn’t right for everyone. For You: I’m Planning My Retirement: 5
If you buy an annuity in a rollover individual retirement account a few months from now, you might get a better deal on it. That’s because your insurance agent will be required to act as a fiduciary in your best interest. It’s just one of the changes in a new Department of Labor rule set
Over a quarter (26%) of retired investors continue to pay off their mortgage, and precisely one-quarter of the cohort are continuing to pay down credit card debt, according to a new survey from the Nationwide Retirement Institute. The U.S. retirement population is getting older at a faster rate and are also confronted with inflation as
1 in 4 Americans in their 50s will become ‘silver squatters’ and need financial support from family in retirement Few retirees dream of spending their golden years living in their adult kids’ basements or begging family members for money. Unfortunately, that’s the harsh reality for a significant number of GenXers, according to Prudential’s 2024 Pulse
andreswd / iStock.com The federal government places limits on how much you can invest annually in a 401(k) retirement plan. In 2024, annual employee contributions are limited to $23,000. If you are over 50, you can invest an additional $7,500 as a catch-up contribution. Learn More: Here’s How Much You Need Saved To Retire Rich
The endless stream of reports warning that Americans are screwed when it comes to having enough money saved for retirement is numbing. But take a deep breath. This is mostly a bullish column. Two new and surprising studies — one from Vanguard and the other from Transamerica Center for Retirement Studies — share a view
Most wealthy people have ways of making their money last. And, after years of advising high net worth people, financial planner Patrick Rush says many of his clients have a few traits in common. “The vast majority of our clients are the millionaire next door folks,” he says. “They weren’t huge income earners, but just