Australians’ superannuation savings are falling short of retirement expectations, new research has highlighted. And nearly one in two Australians do not know how much they pay in superannuation fees, according to research from superannuation and investments company Vanguard. WATCH THE VIDEO ABOVE: Aussie super savings falling short. Newsletters: Breaking news as it happens. Subscribe now … Read more
Jitalia17 | E+ | Getty Images Series I bonds will pay 4.28% annual interest from May 1 through October 2024, the U.S. Department of the Treasury announced Tuesday. Linked to inflation, the latest I bond rate is down from the 5.27% annual rate offered since November and slightly lower than the 4.3% rate from May … Read more
Millennials may have ditched their “broke generation” stereotype. Household wealth among Americans under age 40 — which includes most millennials, who are currently ages 28 to 43, and some Gen Zers, who are currently in their teens and up to age 27 — grew by a whopping 49% between 2019 and 2023, according to a … Read more
Over time, higher costs and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.” Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United Way’s United for ALICE program, which first coined the term to refer … Read more
Johner Images | Johner Images Royalty-free | Getty Images A new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. The so-called “fiduciary” rule, issued April 23, aims to raise the legal bar for brokers, financial advisors, insurance … Read more
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
