A record 58% of Americans owned stocks in 2022, according to the Federal Reserve. Democratic vice-presidential nominee Tim Walz was not one of them, his financial disclosures show. In fact, Walz didn’t own many investments, based on what’s been released. No stock, no bonds, no home, or any other real estate. Instead, the former teacher
Need $1,000 to cover an unexpected expense? Starting this year, you may be able to withdraw the money from your 401(k) with relative ease. New rules make it easier to tap your retirement account for emergency funds. In 2024, you can cash out as much as $1,000 from a traditional 401(k) or IRA to cover
If we ask cosmologists what was present before the Big Bang or what’s inside a black hole, they’re likely to give us a very complicated answer that could be summarized with, “We don’t know. That’s beyond today’s physics.” Then their eyes roll upwards as they ponder answers to the universe’s most daunting questions. It’s kind
We all have favorites, right? Moonstruck is a favorite of mine, among movies, and Lonesome Dove is among my favorite books. I even have favorite investment accounts, ones that can make me – and you – a millionaire. Here’s a look at my favorite account for me and perhaps you as well – and another
If you want to retire in comfort, investment firms and news headlines tell us, you may need $1 million in the bank. Or maybe not. One prominent economist says you can retire for a lot less: $50,000 to $100,000 in total savings. He points to the experiences of actual retirees as evidence. “You Don’t Need
Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them? Most of us, it seems, are pretty much clueless about annuities. In one recent study, the American College of Financial Services gave older Americans a score of 12% out of a possible 100%