Many young Americans hope to retire as millionaires — and they’re pretty optimistic about reaching that goal. Most Americans believe they’ll need to save over $1 million by the time they retire and that amount varies slightly by age group. Those in their 20s think they’ll need around $1.2 million saved for retirement while those … Read more
Clemens Porikys | Getty Images Entertainment | Getty Images If you’re in your 40s, you probably have seen articles on how much you should have saved by now to comfortably retire. One guideline from Fidelity Investments calls for having three times your starting salary saved by 40, with the aim of growing that to six … Read more
Catherine Falls Commercial | Moment | Getty Images The page has almost turned on 2023 — and that means time is running out to make certain tax moves by year’s end, or else risk missing out on their benefits. Here are some tax strategies to consider before ringing in the new year, according to advisors … Read more
Ascentxmedia | Istock | Getty Images Retiring early is a dream for many, but can often appear impossible unless you’ve made millions throughout your career. “Twenty years ago rates of early retirement were fairly similar across different wealth levels,” Heidi Karjalainen, a research economist for retirement, saving and aging at the Institute for Fiscal Studies … Read more
MBPROJEKT_Maciej_Bledowski | iStock | Getty Images For retirees searching for investment income and protection from inflation, one solution may be real estate investment trusts. REITs, as they’re called, are companies that own and/or operate properties like office buildings, shopping malls, apartment complexes and warehouses. While they do come with more risk than some … Read more
