If you’re making $65,000 per year, saving $1 million for retirement might seem out of reach. But with a little dedication and the right timing, it’s certainly possible — if you stick to a clear plan. As a rule of thumb, most financial advisors suggest that you save 10% to 15% of your salary for
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The one-year rule is an “archaic belief,” according to career expert Sarah Doody. Courtneyk | E+ | Getty Images PHOENIX — If you’re saving for retirement with a 401(k) or individual retirement account, it’s easy to lose money to taxes and penalties when moving money between accounts. A lot of investors make costly rollover mistakes
Office communication is becoming far more casual, and Gen Z is leading the shift, new research has found. Aleksandargeorgiev | E+ | Getty Images Generation Z is embracing frequent job changes, or job hopping, as a career approach. In fact, 83% of surveyed Gen Z workers consider themselves job hoppers, according to ResumeLab, which polled
U.S. President Joe Biden delivers remarks at Prince George’s Community College on September 14, 2023 in Largo, Maryland. Kevin Dietsch | Getty Images The Biden administration announced on Friday the next step in its new plan to cancel people’s student debt after the Supreme Court struck down its original policy in June. The U.S. Department
Tim Robberts | Digitalvision | Getty Images When it comes to money, women tend to think of themselves as savers rather than investors. Having that perspective can affect women’s ability to grow wealth over time. “The biggest risk to women’s portfolios is that we don’t take enough risk,” said Nancy Tengler, CEO and chief investment
Increasingly, your earnings potential varies greatly depending on your choice of major in college. “Even more so than the school itself, choosing a major is key in determining what skills a graduate can perform out of school, and what types of professions they’re qualified for,” said Jackson Gruver, data analyst at Payscale. “Ultimately, the degree
Customers browse in a used car lot on Feb. 15, 2023 in Glendale, California. Mario Tama | Getty Images News | Getty Images As recently as 2019, used car shoppers could find a 3-year-old vehicle for about $23,000. That’s less likely today — in terms of both age and price. Pandemic-era manufacturing issues have since
Twenty/20 For many Americans, October is a time for seasonal decorating and pumpkin spice lattes. This year, it also marks the resumption of student loan payments at a point when U.S. households are already struggling to make ends meet amid high inflation and higher interest rates. And yet, just as millions of borrowers face their
President Joe Biden walks with Labor Secretary Marty Walsh before an event in the Rose Garden of the White House on Sept. 15, 2022. Anna Moneymaker | Getty Images News | Getty Images A Biden administration ESG rule for workplace retirement plans survived a recent court challenge by 26 red states. But the most significant
Bloomberg Creative | Bloomberg Creative Photos | Getty Images A government shutdown looms over this coming weekend. If it does occur, a shutdown would pose far-reaching and potentially severe financial risks for American households. Those risks — everything from delayed paychecks and federal benefits to long waits at airports and skeleton customer service crews at