Weekly Market Review – August 17, 2019
Stock Markets This is the third straight week that stocks declined, pressured by ongoing signs of a global economic slowdown and concerns about the yield-curve. The White House helped trigger a short-term rally when it announced that some tariffs scheduled to take place in September would be delayed possibly until December instead. The rally was, […]
Most Americans say you need $1.7 million to retire—here’s how much money to save each month to get there
Many financial experts recommend saving at least $1 million in order to live comfortably in retirement. But the average American believes that they need even more than that: $1.7 million, according to a recent survey from Charles Schwab, which looked at 1,000 participants in 401(k) plans nationwide. However, many people fall short of that goal. […]
38% of Parents Are Making This Big Savings Mistake
It’s no secret that college costs a lot of money, but saving for that milestone in advance can help families avoid taking on unhealthy levels of student debt. Thankfully, 44% of parents have started to save for a college education before their child’s 11th birthday, according to a new Citizens Bank survey. The problem? Another 38% haven’t […]
Kiplinger’s Personal Finance: Solar spending heats up
Homeowners have been installing solar panels at a record pace, taking advantage of falling prices and a tax credit, which is slated to be phased out by 2022. Like computer chips, solar panels are getting more powerful, more efficient and cheaper every year, said Vikram Aggarwal, CEO of EnergySage.com, a consumer resource with loads of […]
3 Things You Can Do Right Now to Make Retirement Easier
It’s reasonable to worry about retirement. After all, you’ll probably be living with less income than you enjoy today, and you can’t know how much certain future expenses will cost you. Health care, for example, takes hundreds of thousands of dollars out of many retirees’ pockets over the course of their lives. Fortunately, there are […]