401K

Crypto As Part Of Your 401(k): The New Way Of Doing Things, Or A Horrible Idea?  Forbes … [Read more...] about Crypto As Part Of Your 401(k): The New Way Of Doing Things, Or A Horrible Idea? – Forbes

You don't have to be on the Forbes list in order to be smart about planning for your family's future, generations down the line. There are valuable tools to leverage including 529 accounts, estate planning, and life insurance, but it's also critical to build financial literacy skills. In this Motley Fool Live video recorded on July 23, Fool.com editor Desiree Jones speaks with … [Read more...] about 5 Tips for Planning for Your Family’s Financial Future and Creating Generational Wealth

skynesher / iStock.comA common financial rule of thumb is that you should have $1 million saved for retirement, but this piece of advice may now be outdated — you may actually need roughly double that. At least, that’s what most 401(k) plan participants believe. A recent survey conducted by Schwab Retirement Plan Services found that on average, 2021 plan participants think they … [Read more...] about $1M Is No Longer the Standard Nest Egg – Here’s How Much Most Americans Think You Actually Need To Retire

By Grace Gedye, CalMatters The plea went out on Instagram: Cultura Comida y Bebida was short staffed. The Carmel-by-the-Sea restaurant could no longer offer its Oaxacan-inspired lunch and might have to cut one evening of dinner service if it wasn’t able to hire more kitchen staff within the week. So, the owners opened up a referral bonus program to the entire community. Anyone … [Read more...] about Yoga Classes, Therapy And 401(k)s: California Businesses Beefing Up Benefits To Attract Workers

This means that a $1 million portfolio would yield $40,000 in annual retirement income in the first year of withdrawals. If you had a part-time job that brought in only $20,000 annually, it would be equivalent to adding another $500,000 to your nest egg!Aside from the obvious benefits of working (i.e., social interaction, brain stimulation, and personal development), there is a … [Read more...] about 3 Unexpected Sources of Retirement Income | Personal Finance

This means that a $1 million portfolio would yield $40,000 in annual retirement income in the first year of withdrawals. If you had a part-time job that brought in only $20,000 annually, it would be equivalent to adding another $500,000 to your nest egg!Aside from the obvious benefits of working (i.e., social interaction, brain stimulation, and personal development), there is a … [Read more...] about 3 Unexpected Sources of Retirement Income | Personal Finance

When we think of retirement, most of us think of accumulating a large sum of money and then spending it down gradually. One of the best insurance policies to prevent spending all of your money is to have numerous sources of income in retirement. As you'll see, even small amounts of retirement income can go an incredibly long way in making sure you have enough to last you the … [Read more...] about 3 Unexpected Sources of Retirement Income

A shortage of workers has forced a Maine day care center to turn away parents who want to send their children there. “We have the children. We have the space. We don’t have the employees,” Creative Beginnings co-owner Nichole Page said.During the pandemic, the South Portland child care center moved to a larger building to create more classrooms to accept more children.Page said … [Read more...] about South Portland, Maine day care faces worker shortage

Saving enough for retirement can be a struggle. And if your goal isn't just to scrape by but to retire wealthy, you'll need to do much more than invest 10% of your income for your later years.  The good news is, there are a few tactics to try out that can maximize your chances of being in great financial shape when you're ready to leave the working world. Check out these three … [Read more...] about 3 Unusual Tactics to Retire Wealthy

In Case You Missed It…What Really Happens if Social Security “Disappears?” With rumors spiraling about whether or not Social Security will still be functional in 2034, Marcia Mantell explains what is actually happening, and what that means for your retirement savings.Four Reasons Why Long-term Care Should Be Part of Your Comprehensive Financial PlanRona Loshak, a founding … [Read more...] about Weekly Roundup 8/8-8/13 – Retirement Daily on TheStreet: Finance and Retirement Advice, Analysis, and More