Handing over control of your money can be scary, but there are a few important questions you can ask to find the right person for the job. Financial adviser is a catch-all term that usually includes financial planners and investment...
You don’t have to look very hard to see a grim picture of personal finance trends in America. From rising credit card and student loan debt to a severe lack of emergency funds to households not saving enough to reach...
IRA distributions that you take before you reach age 59-½ (early distributions) are subject to a 10% additional tax (early distribution penalty), which is in addition to any income tax owed on the amount. For example, if you take an...
When it comes to saving for retirement, everyone's situation is different. While one person may be able to survive on a couple of hundred thousand dollars over several decades, another person may need well over a million dollars just to...
As Americans face increasing amounts of debt, their ability to retire comfortably is coming more into question. “Our research has shown that 78% of people are living paycheck to paycheck,” financial expert Chris Hogan said on Yahoo Finance’s On the...
China’s announcement Monday that it will raise tariffs on $60 billion of American goods compounds the pain in what is fast becoming all-out trade war between the two countries as U.S. farmers, chemical makers and others brace for a further...
Falling Treasury yields are raising questions about whether the market is signaling another coming recession, since inverting yields have had a strong track record of predicting downturns. The yield curve is viewed as a thermometer on market expectations over time...
If economics were literature, the story of what happened to inflation would be a gripping whodunit. Did inflation perish of natural causes—a weak economy, for instance? Was it killed by central banks, with high interest rates the murder weapon? Or...
Saving for retirement or other big life moments is often viewed as an end in itself: Sock away a little bit each month, and you’ll achieve your financial goals. But many of these accounts can also play a role in...
You finally finished your taxes and are learning – for better or worse – the ins and outs of the new law. But wait, the law isn’t done with you. There’s another complication coming out later this year: The Internal...
No one wants to lose money, particularly for retirement. But it happens – people lose track of, or don’t know they have, retirement accounts. It’s surprisingly easy to do. People switch jobs, move, change names and the company or plan...
The countdown to the tax-filing deadline is underway. Most taxpayers have until April 15 to file their federal returns. Residents in Maine and Massachusetts have until April 17 due to local holidays. If you don’t file on time, you risk...
No one wants a visit from the Internal Revenue Service. But if you get too generous with your calculations, you may need to back up your tax return. “For individuals, it usually comes down to being too overly aggressive with...
If you want to retire by age 65, you should be setting aside 10-17 percent of your income. And that's if you start saving as early as age 25. If you wait until 35 to start, you have to save...
We all seem to be on the lookout for clues that we're on the verge of another widespread financial crisis. The memories from the debacle a decade ago are so bad that no one wants to be caught by surprise...
