Gen X Faces Growing Credit Card Debt Despite High Incomes
Gen Xers are putting their credit cards to work. The Federal Reserve’s latest accounting of consumer finances finds…
Average 401(k) Balances in Your 50s: How You Compare and Factors That Influence Your Savings
If you find yourself behind, there are ways to improve your savings before retirement.Credit: Goodboy Picture Company /…
A 70-year-old blew through one-third of his $3 million nest egg in 3 years — financial advisors say he needs to act now
Fizkes/Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. The…
Average retirement savings by state: Where are Americans saving the most — and least?
Wondering how your retirement savings stack up against the rest of the country? While everyone’s financial situation is…
A 70-year-old blew through one-third of his $3 million nest egg in 3 years — financial advisors say he needs to act now
Fizkes/Shutterstock The typical retirement account balance among Americans 65 and over is surprisingly low, with an average balance…
Can I save taxes by having my parents leave an inheritance to my children?
Dear Liz: I’m about 50 and have two early elementary school children. I make really good money and…
Inheriting your late parent’s 401(k) can trigger a 25% IRS penalty if you don’t follow the withdrawal rules
A lot of children assume they’ll get their inheritance from parents in a will. But there are other…
He waited 5 years to inherit his late dad’s 401(k) — now he’s being told a $30,000 tax bill threatens to eat his legacy
After nearly five years of waiting, Dan is finally on the verge of receiving his late father’s 401(k).…
Transferring Retirement Accounts: Why Timing Your Move to Fidelity or Schwab Won’t Beat the Market
Transferring a retirement account between custodians is one of those mundane logistical tasks that triggers outsized emotional reactions.…
Transferring Retirement Accounts: Why Timing Your Move to Fidelity or Schwab Won’t Beat the Market
Transferring a retirement account between custodians is one of those mundane logistical tasks that triggers outsized emotional reactions.…
Most Americans Are Behind on Retirement Savings. Here Is the Honest Benchmark by Age.
Quick Read Median retirement account balances are dangerously low across all age groups, with those 65-74 having only…
Trump claims $465,000 in retirement savings makes someone ‘rich’ — experts disagree. How much you really need to retire
It’s the biggest question when it comes to retirement savings: How much do I need to save to…