Why the 4 Percent Rule No Longer Works
For decades Americans have calculated their retirement saving needs on the 4% Rule - if you can withdraw 4% of your retirement fund per year, there is every chance you will have enough money for your golden years. That rule was calculated on interest rates much higher than we are seeing now, and it is proving to be not so reliable for people who will retire in the future.
Smart Money Lessons from the Very Wealthy
We believe that when someone shows success in a field we could learn a thing or two from them. A master craftsman knows how to create beautiful objects, and a professor with a doctorate degree can teach his students well. This idea holds true in the field of finances too - those who have made a lot of money know things that could help the rest of us do better.
5 Ways to Fix Your Retirement Fund Shortfall
When you hit your 40s or 50s the idea of retirement (which seemed so far off in your 20s) is suddenly right around the corner. If you have reached this age and have not been diligently socking away money for retirement, there are some things you can do to fix the problem.
Financial Planning Tips for Recent Graduates
As proud families celebrate and relieved graduates get ready to enter the workplace, new financial concerns take precedence. Now it is no longer about how to pay for their education, it is whether they will get a job and how they will manage on their own.
Women and Men Think Differently About Finances Too
"Women are from Venus, men are from Mars" has become a saying embedded in our vocabulary. It indicates that women and men see things differently and have a different approach to many aspects of their lives. Finances, it appears, is one of these areas.
How Women’s Roles in Family Finances are Changing
Back in the 50s, American women stayed at home and raised the children. In 1960, just over 10% of mothers were breadwinners, and 7% were single moms. By 2011, those numbers had jumped to 40% of mothers as the sole or primary provider, and 25% were single moms. In 2014, 34% were single mothers, and the trend is still on the rise.
Money Tips for Newlyweds
Wedding season is upon us. So put on your dancing shoes and get ready to enjoy the tying of knots. If you are the lucky couple walking down the aisle, then congratulations. You have taken a giant leap into adulthood and the journey is only really beginning. It would be very smart to get on the same page with your finances especially since it seems to be a source of arguments between married couples.
Money Management Course Most Useful for Young Adults
Students often complain that they wo not use what they study in school later in life. One course young adults 18 - 24 say they feel would be most useful is money management, according to a new survey from the National Financial Educators Council.