Some American homeowners are making a big retirement mistake, survey finds
Some Americans are pinning their retirement hopes on their homes, betting that housing appreciation will continue and compensate for their lack of savings. But experts warn that adults shouldn’t bank on houses as their only retirement investment – even if real estate appreciation continues. One in 4 U.S. homeowners plan to use their home to […]
This Social Security Mistake Could Cost You Thousands
Retirement is more expensive than ever, and if your savings aren’t keeping up, you’re not alone: The average retirees in the U.S. are expected to outlive their savings by around 10 years, according to a study from the World Economic Forum. If you run out of cash before the end of retirement, you may have […]
FBI warns of new online threat to personal, credit card information
Federal authorities have a consumer warning for shoppers. Hidden skimming devices (commonly thought to be attached to gas station pumps and ATMs) have gone high-tech. “It’s hard to put really — definite numbers around it. But one thing we know for sure is that millions of credit card numbers have been stolen, even over the […]
How much you need to save every month to earn $60,000 a year in interest alone for retirement
About 1 out of every 7 people will live past 95. And if they plan to retire in their 60s, that leaves a huge variable of how many years of retirement they will need to fund. An “interest only” retirement plan removes one of the biggest fears about life after leaving your job: Will my […]