Start early and evaluate your plans regularly to stay on track.
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.
A popular small business relief program ran out of funds on Thursday morning, as billions of dollars in additional coronavirus aid remain stuck in congressional limbo.
Here are some personal finance tips from Rebecca Walser, the author of "Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes, and Even Death." Walser is a tax attorney and a financial consultant.
Cocaine on a Tinder date? You'll read about that in Refinery29's Money Diaries, a daily financial column where millennial women track their spending over seven days and share details about their rent, 401(k) accounts, salaries, and dating habits.
Sooner or later, all of us will retire and start collecting Social Security benefits. The challenge is deciding when.
Gas prices peaked a couple of weeks ago at prices not seen since 2014, according to AAA. But to offset the cost, some Long Island gas stations are getting savvy when it comes to competing for customers. While the street sign in Hicksville advertises about $3 per gallon for regular, drivers with the GetUpside app can claim exclusive offers to receive up to 25 cents cash back per gallon.
Big goals can be daunting and overwhelming. That is why Stash CEO Brandon Krieg, also a co-founder of the investing app, says you should start small when you're setting your financial goals for 2018. Stash advises working towards the bigger goals in little increments.
Only 0.3 percent of students get a full ride, in the form of a scholarships or grants, to college, according to Michael Conrath, the head of 529 College Savings at J.P. Morgan Asset Management. So it might be a good idea to save some money for your kids' college education.
The prevailing wisdom when it comes to retirement is "The earlier you start, the easier it will be." But if you haven't started yet, don't panic. Anne Lester, head of retirement solutions at J.P. Morgan Asset Management, said even a small contribution can make a big difference. Anne said you should start with as much as you can afford, but even as little as $25 to $50 a month will make a huge difference. And that money needs to go into the markets.
April is Financial Literacy Month. Studies show we need it more than ever, with as many as two-thirds of American adults unable to answer basic financial questions. But how do you start talking to children about money and finances, so they grow up to be financially aware?