Are your fees too high? If so, they are eating away your returns. Pay close attention to participant fee disclosures from your employer, as the U.S. Department of Labor requires companies to send this notification to 401(k) savers on a quarterly basis. Certain services, such as FeeX, spell out the …
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A growing number of people dream of retiring in their 40s. They have joined Reddit’s Financial Independence subreddit, they frequently comment on Early Retirement Extreme’s forums, and they follow the scrappy and thrifty examples set by popular personal finance bloggers, such as the Frugalwoods and Mr. Money Mustache. Members of …
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The Urban Institute’s study, which used Census data, found a wide gap between Hispanics and whites when it comes to wealth at ages 65 and over. In 2012, whites in that age group had median inflation-adjusted household wealth of $280,200, compared with $84,600 for U.S.-born Latinos and $30,900 for foreign-born …
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Chad Griffith This week the Federal Reserve made a long-expected move: It raised interest rates. The increase was modest—a quarter point—but more rate hikes may happen next year. For retirement investors, or anyone seeking income from bonds, the rate hike is both good news and bad news. The bad news …
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Back in the day, reaching your retirement goals meant building a sizable portfolio and paying off your mortgage. Both goals are a lot harder to achieve in today’s economy. To amass adequate retirement savings, you’ll have to commit to a high contribution rate, given forecasts of lower returns. Paying off …
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