There’s a vast and complicated industry around planning for life in retirement, but if you’re thinking about how you can call it quits earlier or live more luxuriously when you do retire, the calculus can be remarkably simple. “The big knob you can turn is cost of living,” says Tommy Sikes, a certified financial planner … Read more
South Pointe Beach in Miami Beach, Florida. Greg Iacurci MIAMI — Daniel Habibian worries about climate change. His clothing boutique in Miami Beach’s iconic South Beach neighborhood sits just a few blocks inland from the Atlantic Ocean. Rising seas threaten to swallow much of the Miami metro area in the coming decades as the world … Read more
Braden Fiske is set to become a many newly-minted millionaires — and he already has a head start on financial planning. Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. The median value for a second-round contract, which Fiske is expected to sign, … Read more
Demonstrators attend a rally asking Rep. Kean to “Stop MAGA Cuts! Protect Social Security!” on Feb. 24, 2023 in Bridgewater, New Jersey. Dave Kotinsky | Getty Images Entertainment | Getty Images Voters who show up at the polls this November may not just be choosing among Republicans, Democrats and third-party tickets — but also casting … Read more
How did you pay for a major expense or investment? Share your story with us for a chance to be featured in a future article. Rob Scores and his wife, Julianne, had long had Puerto Rico on their dream vacation list. So when an opportunity to go there with their friends came up in February, they … Read more
Tax time is nearing, with the financial year ticking over on July 1, 2024. If you are lodging your own tax return, you need to do so by October 31. Every year, the Australian Taxation Office (ATO) focuses on areas where taxpayers are prone — either accidentally or deliberately — to make errors, director of … Read more
Although Americans’ average credit scores recently dropped for the first time in a decade, many appear to be maintaining a relatively healthy score. The average credit score dipped by one point, from 718 to 717, according to FICO’s March 6 blog post. Your FICO and VantageScore credit score can fall anywhere between 300 and 850, … Read more
While the spring housing market has been plagued with low supply, high prices and spiking interest rates, would-be homebuyers are focusing on new construction. The reason? New homes have more incentives and availability than previously owned ones. “There’s more opportunity in new construction,” said Nicole Bachaud, a senior economist at Zillow Group. About 693,000 new … Read more
Viewstock | View Stock | Getty Images Last year, Americans’ confidence that they would have enough money to live comfortably in retirement fell the most since the global financial crisis. New research shows both workers’ and retirees’ confidence has not recovered. But some signs of optimism have emerged, particularly as wage growth now outpaces inflation … Read more
When you receive equity compensation from an employer, it typically requires a comprehensive financial plan — and restricted stock units are no exception. In 2000, only 20% of public companies granted restricted stock or restricted stock units, primarily for senior executives or higher, according to the National Association of Stock Plan Professionals. That percentage, however, has jumped to … Read more
