Retirement planning
Nearly risk-free I bonds to deliver a record 9.62% interest for the next six months
Marko Geber | DigitalVision | Getty Images If you’re eyeing ways to fight swelling prices, I bonds, an inflation-protected and nearly risk-free asset, may now be even more appealing. I bonds are paying a 9.62% annual rate through October 2022, the highest yield since being introduced in 1998, the U.S. Department of the Treasury announced […]
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Most Americans still feel optimistic about retirement. But inflation is hurting some workers’ confidence
Ipggutenbergukltd | Istock | Getty Images Despite the pandemic, most Americans still feel optimistic about a comfortable retirement, but inflation is the top concern among those who aren’t as prepared. That’s according to the Employee Benefit Research Institute and Greenwald Research 32nd annual Retirement Confidence Survey polling 2,677 workers and retirees in January. “Even with […]
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Want to retire early? Here’s where the pros say to invest to make it happen
Three experts gave CNBC the lowdown on how to invest if you want to retire within the next 10 years. Source
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These are the best and worst U.S. places to die, report shows
Your end-of-life experience may be very different depending on where you live, according to a Policygenius report that ranks the country’s best and worst places to die. The report gave each state and the District of Columbia a numerical score based on seven factors, including funeral costs and services, green burials, palliative care, Medicare providers, […]
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Fidelity is offering 401(k) investors access to bitcoin, the first retirement plan provider to do so
A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments said Tuesday it will offer investors the option to put bitcoin in their 401(k)s, making it the first provider to offer crypto for retirement savings. The crypto offering will be available for 23,000 employers that use Fidelity to administer their retirement accounts […]
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Are you dreaming of an early retirement? The earlier you retire, the greater the risk, experts warn
Kathrin Ziegler | DigitalVision | Getty Images Life may be short but early retirement might be, too, if you don’t have a solid financial plan for life after work. Whether it’s due to pandemic burnout, a new attitude on life or an optimism fueled by surging stock and real estate markets, more Americans appear to […]
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78% of workers are ignoring ‘the greatest money-making asset’ for retirement saving, says CPA
Saving for a secure retirement requires a number of money-smart strategies coming together, and in the eyes of workers, some factors seem more integral to success than others. Topping the list in a recent survey from Principal Financial Group: getting a matching contribution from your employer in your 401(k) plan. Nearly two-thirds — 62% — […]
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Hit with an unexpected tax bill? It’s time to adjust your withholdings
Georgijevic | E+ | Getty Images If you had a surprise tax bill this filing season, it may be time to adjust your withholdings, financial experts say. Whether you’re a W-2 employee or self-employed, the IRS expects an ongoing piece of your income, paid through withholdings or quarterly payments. As of April 8, nearly 68% of […]
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What we learned from the Biden, Harris tax returns, according to experts
President Joe Biden and Vice President Kamala Harris after Biden signed H.R. 55, the “Emmett Till Antilynching Act,” in Washingtonon March 29, 2022. Samuel Corum | Bloomberg | Getty Images President Joe Biden and Vice President Kamala Harris have released their 2021 tax returns, and there are a few key takeaways for the average American, experts […]
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Soaring inflation is hitting retirement savings hard. Here’s how best to manage yours
Brianajackson | Istock | Getty Images As inflation soars to record highs, retirement savings are feeling the pinch, making it even more important to make sure yours is working for you. U.S. inflation rose 8.5% annually in March to hit a fresh 40-year high as the war in Ukraine pushed up energy costs, the latest […]
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