Fotostorm | E+ | Getty Images Rising inflation has exacerbated an existing problem for millions of older Americans: They don’t have enough to live comfortably in retirement. Without enough savings, and the average Social Security check coming in at just over $1,500 a month, many retirees struggle to make ends meet. The good news is
Wealth Management
Many Americans are worried that the U.S. economy is on feeble footing. As the Federal Reserve raises interest rates to combat the highest inflation in 40 years, tipping the U.S. into a recession is becoming an increasing concern. Still, it’s not likely that the U.S. economy will stop growing this year, former Federal Reserve vice
PeopleImages | iStock | Getty Images For investors nearing retirement or already retired who need the certainty of cash but want to squeeze out a bit more yield, a certain investment in your 401(k) plan may fit the bill. It’s called a stable value fund (or something similar) and typically is available only through defined
President Joe Biden boards Air Force One on May 22, 2022. Saul Loeb | AFP | Getty Images At the pump, in the supermarket, with his landlord — all of Ryan Tucholski’s bills are going up lately. But there’s one expense he hopes will soon go down or maybe even disappear: his monthly student loan
In this article .VIX Thianchai Sitthikongsak | Moment | Getty Images The stock market’s roller-coaster ride isn’t inspiring confidence in investors. Still, a small portion do plan to take advantage of recent price dips. About 18% of Americans are willing to put more money into stock market investments this year, including retirement accounts, according to
A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May 17, 2021 in Washington, DC. Drew Angerer | Getty Images A new billionaire was created on average about every 30 hours during the Covid-19 pandemic, according to a new report by
Maria Teijeiro | OJO Images | Getty Images Tax breaks aren’t the primary incentive for philanthropy among the ultra-wealthy, according to BNY Mellon Wealth Management’s inaugural Charitable Giving Study. The report, polling 200 individuals with wealth ranging from $5 million to more than $25 million, found the top three motivators were personal satisfaction, connection to
Michelle and Jeremy Warren’s recent trip to the Galapagos Islands was paid for, in part, by her company, FullContact. Michelle Warren When Michelle Warren traveled to the Galapagos Islands for 10 days this spring, her bosses helped foot the bill. It’s one of the many benefits offered by her employer, Denver-based tech company FullContact. Warren’s
Kool99 | Istock | Getty Images Earlier this month, President Joe Biden said that he was in the process of considering whether to forgive student debt, and that he’d have an answer in the next couple of weeks. Those weeks have passed and millions of borrowers are on edge — though they might not be
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images It appears emergency savings are another casualty of high inflation. About one-third of adults are contributing less