Paying taxes may be the last thing on your mind as you head into a busy season of turkey, stuffing, and televised football. You may even feel tempted to hand over your income return to a professional before tax season begins. And according to a new survey, that’s not a surprise. Market research company, Talker […]
When to Hire a Tax Pro: The Age Most Americans Switch to a CPA Read More »
Where Else People Age 55-64 Are Saving Money Asset % Households with Asset Median Value for Asset Holders Savings Bonds 8.5% $3,000 CDs 6.6% $25,000 Stocks (directly held) 19.2% $30,000 Retirement Accts 57% $185,000 Bonds (directly held) 1.2% $400,000 Source: The Federal Reserve’s “Survey of Consumer Finances” (2022) “Directly held” means the asset is not
When you claim Social Security permanently affects your benefits, so the decision shouldn’t be taken lightly. Throughout your career, you should ideally be saving and investing for retirement. In many cases, it happens passively through a 401(k) or related account. In other cases, it takes a little work on your end when you use accounts
Statistics Say: This Is the Best Age to Claim Social Security Read More »
Key Takeaways AI is rapidly automating roles in customer service, data entry, programming, content creation, and analysis-heavy jobs across finance, law, and medicine. The most at-risk jobs are those with repetitive, rules-based, or entry-level tasks. Human-centric skills like judgment, empathy, and creativity remain in demand. The rapid rise of artificial intelligence (AI) is reshaping the
Gov. Greg Abbott will soon issue an executive order to regulate THC and set a minimum age of 21 to purchase those products in Texas, according to three people who spoke with the governor’s office. The Legislature’s second special session of the year ended last week after Lt. Gov. Dan Patrick announced that the House,
Texas Governor to Issue Order Implementing Age Restrictions on THC Products Read More »
This week, the first NextGen Acela departed from Washington, DC. Amtrak’s newest high speed train, the NextGen Acela tops out at 160 mph and features a new tilt system to make those high speeds feel smoother and quieter for passengers on board. The new high-speed trains come as passenger rail travel has surged over the
Amtrak Debuts High Speed Trains as Train Travel Enters a New Golden Age Read More »
Key Takeaways As you’d expect, Americans ages 35-44 have more saved than people younger than 35, but less than their older counterparts. Your age, your financial situation, your goals, and other factors determine your ability to save. Automating savings and taking advantage of work benefits can help boost your savings. One of today’s best high-yield
How Your Savings Compare to the Average American at Age 35–44 Read More »
A 401(k) is a common type of retirement account that employers offer to their workforce. The 401(k) account is one of the most common retirement savings accounts that employers offer their workers. Employees are able to contribute pre-tax dollars to these accounts and invest them tax-deferred. Only when withdrawals are made do the account holders
This Is the Average 401(k) Balance for Retirees Age 60 and Older Read More »
Your asset allocation may be the most important decision you make as an investor. In fact, studies have found that asset allocation determines over 90% of the variations in portfolio returns. In other words, get your asset allocation right, and the rest is largely semantics. Asset allocation refers to how your investment funds are spread
The 100 Minus Your Age Rule: Is It the Best for You? Read More »
Are you thinking about aging in place, maybe in a warmer locale? Like many of the roughly 20% of older adults who move for retirement, my father relocated to Florida to spend his retirement soaking up the sun and playing golf. Unfortunately, this means that, to date, he’s been in Florida for at least five
So You Want to Age in Place: What Most People Overlook Read More »