My wife and I are 57 and looking to retire in five years. Here is what we are looking for in a locale:We will likely have a retirement income approaching $220,000 a year (after a home purchase) but my wife and I are very frugal and would rather pass most…
A nation’s future economic prosperity rests in large part on the size of the next generation, yet not as many American women are having children, and those who do are having fewer. The replacement rate, or the number of children needed to keep a country’s population stable, is 2.1 births per…
If you just made an IRA contribution to get it in before the tax filing deadline, the first thing to know is that you have to actively do something with the money or it will sit in cash—unlike a workplace 401(k) that’s allowed to have defaults or automatic investments in…
Many financial advisers are pursuing a once-overlooked market segment: early-career professionals who welcome expert advice on budgeting, financial planning and basic investment management, even if they haven’t amassed much wealth. To attract these up-and-comers, many of them in their late 20s and early 30s, advisers are expanding their services. Just…
Peter Dziedzic knows what it’s like to stick with a bank. He’s shared the same Iowa credit union savings and checking account with his husband for well over a decade.But an ex-Silicon Valley Bank customer, he now knows what it’s like to switch accounts. After this latest switch, he’s done…
The odds remain stacked against GameStop, even with the unexpected profit the company reported earlier this week. That’s because GameStop GME, +6.20%, at its now much-higher stock price, is just as overvalued as it was before, if not more so. Its share price has been pushed higher in no small…
The failures of Silicon Valley Bank and Signature Bank have sent shock waves across the U.S., with the tremors felt acutely in key industries.While Silicon Valley Bank was renowned for its close links to the tech-startup communities of Northern California and beyond, Signature Bank of New York had earned a…
Beijing’s increasingly aggressive rhetoric toward the United States is concerning. For the first time, Chinese president Xi Jinping has directly criticized Washington. He’s now encouraging Chinese companies to join the “fight” against U.S. policies that have “contained and suppressed” the People’s Republic. Clearly, relations between the two countries have deteriorated. If Beijing…
Regardless of your age, you may wonder if Social Security will survive as long as you do. Recent reports indicate Social Security trust funds might be barreling toward insolvency by 2033. But there’s a more immediate threat: While U.S. inflation remains high, Social Security’s annual cost-of-living adjustment (COLA) may not…
I’m trying to get some outside guidance on being able to retire in the next 5 to 7 years. I might have to work until I am 59 1/2 to be able to start using retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stocks,…