by Quinten Plummer You knew the experience from that internship or entry-level job would pay off someday, but did you ever think it could hurt you, as well?If you do anything long enough, it’ll become a habit. And those thrifty tricks we used to weather the rough stretches of road and everyday struggles can linger like rain clouds on the horizon, occasionally dampening the progress we make toward financial stability.The
by Kent McDill Quick Navigation 4 Options for Health Insurance for Early Retirees Don’t Retire Completely Private Health Insurance Coverage COBRA Coverage The Affordable Care Act Frequently Asked Questions (FAQs) What Is the Average Cost of Health Insurance for Retirees? Can You Get Medicaid if You Retire at 62? What Is the Full Retirement Age According to Social Security? The old standby that people retire when they turn 65 years
Real Answers for Life’s Money Challengesby Robin Hartill, CFP®Senior EditorI have requested that one of my grown children include me in their living arrangements to avoid leaving me totally on my own as I get older. That way, I would not have to lean on strangers for help. All I am asking for is a room with a bathroom and kitchen privileges. I would pay them a small monthly fee. I
by Nicole DowSenior WriterThe holidays are the perfect time to eat, drink and be merry. But all that boozing gets expensive.Save yourself some money — and maybe a headache in the morning — with these eight mocktail recipes that skip the pricey liquor but keep all the festive flavors of the season. Serve one of these festive mocktails at your holiday get-together — or indulge in one after a day
by Sarah Li-Cain Vanguard Digital Advisor is the brokerage’s new automated advisor service, combining their low-cost exchange traded funds (ETFs) with some of the services of a traditional financial advisor.Investors can receive a personalized plan to help them reach their retirement goals using varying allocations of Vanguard’s ETFs. Vanguard Digital Advisor is a new offering from the Vanguard Group, a brokerage offering some of the world’s most popular exchanged traded
by Dana Sitar, CEPF®Contributor Axos Bank was one of the first online-only banks. It opened for business on July 4, 2000, as Bank of the Internet USA and grew steadily for nearly two decades before rebranding itself as Axos Bank in 2018. It has a lot of options for checking and just one savings account, plus some solid options for small businesses. But, it’s not perfect and our review of
by Kari Faber Burnout has been a problem since before the pandemic — remember “work hard, play hard”? — but the work-from-home orders made it worse.People were working harder, but with zero work/life balance or space separation and fewer ways to relax and release stress. Burnout was almost inevitable for some.And if you were to quit your job as you bottomed-out mentally, your cash flow would come to a screeching
by Robin Hartill, CFP®Senior EditorRising inflation means higher tax brackets and a larger standard deduction.On Wednesday, the IRS released its 2022 federal income tax rates and brackets. The IRS automatically adjusts tax rates each year to reflect inflation. The breakpoint for each tax bracket will be about 3% higher across the board in 2021. There are seven tax brackets that range from 10% to 37%. You’ll use the 2022 brackets
Real Answers for Life’s Money Challengesby Dear PennyStaff WriterI got married at 19 and divorced in my early 30s. During my 20s, I didn’t work much because I stayed at home raising three kids, but I’ve worked full time ever since my divorce. I’ve never earned above $54,000 a year, which is what I’m making now.I’m turning 62 next year and am preparing to retire and take Social Security. My
by Sarah Li-Cain Charles Schwab’s robo advisor offering Schwab Intelligent Portfolios combines the brokerage’s expertise alongside technology to build portfolios for their investors.You can put your investment dollars to work by allowing the brokerage to build a portfolio based on a combination of their 51 low-cost exchange traded funds (ETFs). After signing up for an Schwab Intelligent Portfolios account, you’ll answer a series of questions designed to understand your investment
