Key Takeaways: What is a safe amount to withdraw each year in retirement? The Center for Retirement Research at Boston College has found that many older Americans could be at risk of emptying their accounts by age 85, although half of them will live beyond then.[1] To avoid emptying your account prematurely, the 4% rule...
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According to Healthcare.gov, the definition of an HSA is “A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to...
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If you’ve established good saving habits and have extra money sitting in the bank, you might be wondering what to do next. Investing your savings can be a smart way to grow your money and prepare for the future. Check out the infographic below to make sure you’re ready to start investing some of your...
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Shopping has evolved dramatically over the past several decades, providing consumers with more choice and convenience whether they shop in brick-and-mortar stores or browse online for their purchases. Even holiday shopping has adapted to the changing landscape, with Black Friday and Cyber Monday appealing to online and in-store shoppers. It’s easy to assume there is a...
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Searching for your first home? Here are some tips to help the process.
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Considering purchasing a hybrid, electric or natural gas vehicle? There are pros and cons to consider.
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Get better gas mileage with the cars that rank the highest for fuel efficiency.
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As we begin the new year and get closer to tax day in April, many of us are thinking more about planning for taxes and different strategies we can take to be more tax-efficient. Many federal tax policies and priorities are still up in the air, which can lead to some confusion as to what...
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The number of homeowners installing solar panels continues to increase, with adoption rates reaching a record high in 2021. In fact, the installation of solar panels increased 43% year over year, reaching 19.2 gigawatts of capacity. According to a report by Solar Energy Industries Association and Wood Mackenzie solar adoption is projected to increase 17%...
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College is a series of firsts for students. It’s the first time they’ll live on their own, be responsible for every meal, handle their laundry and even complete homework without you there to help. Still, parents struggle with whether or not that independence should come with financial help. Should your college student get an allowance,...
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Do you want to color your world, or at least your garden? If so, annuals are the way to go. It’s not too late to get transplants into the ground, although the sooner you plant them the better they’ll blossom.
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Spending money is a fact of life. You need to spend money to pay for the essentials, like food, clothing, and a roof over your head. So it’s good to know that a budget can help you manage those expenses and keep your spending in check. To avoid impulse purchases and other temptations, try to...
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What is an emergency fund? Sometimes called a rainy day fund , an emergency fund is money that you set aside to serve as your financial safety net for when you need it. What qualifies as an emergency? To a certain extent, an emergency varies by the individual, but one way to think of it...
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Learning how to live on your own can be an exciting time in your life, but it’s also a big and costly transition. One of the first and most important decisions you’ll need to make involves finding a place to live that fits your budget. Because this is typically your largest expense, it raises the...
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Now more than ever it’s difficult to navigate life without a solid credit history. From applying for a loan to renting an apartment, good credit is a must. If you’re just starting out and lack any form of credit history – or the information on your credit report is mostly negative – the following are...
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