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Signs of a Scam…and How to Resist It
InAlthough scammers often target older people, younger people who encounter scams are more likely to lose money to fraud, perhaps because they have less financial experience. When older people do fall for a scam, however, they tend to have higher losses.
Don’t Let Debt Derail Your Retirement
Debt poses a growing threat to the financial security of many Americans. The percentage of older Americans with debt is at its highest level in almost 30 years, and the amount and types of debt are on the rise.
Considerations When Making Gifts to Children
If you make significant gifts to children there are a number of things to consider.
Shortages and Bottlenecks Expose Weak Links in U.S. Supply Chains
As the economy reopens fully and all at once, consumers are again experiencing a wide array of shortages.
New Changes to College Financial Aid and Education Tax Benefits
In late December 2020, Congress passed the Consolidated Appropriations Act, 2021, another relief package in response to the pandemic.
Rising Inflation: Where Will It Go from Here?
In March 2021, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6%, the largest one-month increase since August 2012.
How Much Money Can I Put Into My IRA or Employer-Sponsored Retirement Plan?
IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government.
When You Can’t Speak for Yourself
Taking the time to express your wishes in advance could help ensure that your health-care and financial affairs are handled as you wish.
Prepare Your Finances for the Next Emergency
If there’s one financial lesson many people will take away from the pandemic, it’s the importance of a well-stocked emergency fund. In fact, a mid-2020 survey found that respondents’ top financial regret was not having enough emergency savings to withstand the crisis — and this was true for every income group.1
Saving for Retirement – The 4% Rule
Saving for retirement is not easy, but using your retirement savings wisely can be just as challenging. How much of your savings can you withdraw each year? Withdraw too much and you run the risk of running out of money. Withdraw too little and you may miss out on a more comfortable retirement lifestyle.
