Personal Finance

An increasing number of people are worried that they won’t have enough money to live comfortably in retirement, and men aren’t as financially secure as they once were, according to an annual survey from AARP.The AARP Financial Security Trends Survey, conducted in January and released in April, included interviews with more than 8,300 Americans…

For income-seeking investors, a fresh opportunity to scoop up enhanced yield has reemerged, according to DoubleLine CEO Jeffrey Gundlach. Enter the closed-end fund, a relative of the traditional, open-end mutual fund. Closed-end funds trade on public exchanges and are traded throughout the day. They also offer a limited number of shares, meaning…

Key points: General Conference delegates approved a new retirement plan for United Methodist clergy in the U.S. Called Compass, it is a defined contribution plan rather than the defined benefit plan that historically has been offered. Leaders of Wespath, the denomination’s pension and benefits agency, said a change was necessary…

The State Financial Officers Foundation announced on Tuesday a new effort, joined by Utah Treasurer Marlo Oaks (R), to push back on the use of pension funds to back leftist political causes.The foundation launched the Public Fiduciary Network, chaired by Oaks, to raise awareness about the use of public pension funds to push politicized…

Pay Dirt is Slate’s money advice column. Have a question? Send it to Athena, Kristin, and Ilyce here. (It’s anonymous!) Ilyce Glink is Pay Dirt’s new weekly columnist. She is the founder and CEO of Best Money Moves, a financial wellness company, and the author of more than a dozen books on personal finance and real estate,…

WASHINGTON (AP) — More than one-quarter of U.S. adults over age 50 say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds. About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows how a graying America is worrying more…

While it is true that Social Security payments follow a regular schedule for United States retirees, sometimes there may be changes that directly affect beneficiaries. Likewise, there may also be changes in other payments such as Supplemental Security Income. Fortunately, most of the time we will be able to know well in advance of any changes…

Are You Saving Enough To Be In The Top 3% Of Retirees? Here's How Much You NeedRetirement savings play a crucial role in securing financial stability in your golden years. For those aiming high, being in the top 3% of retirees in terms of savings enhances comfort and offers greater financial freedom.Using data from the Federal Reserve's Survey…

The difference, he says, lies in whether your penny-pinching affects those around you. Someone who could afford first-class seats but elects to save money by flying coach, for instance, is merely being cost-conscious, Farley says."A cheapskate is someone who is simply not paying their fair share. A billionaire could be a cheapskate," he says.…

The stock market, not to mention life itself, has been a rollercoaster over the past few years.In rinse-and-repeat-like cycles, stocks have tumbled as the pandemic, inflation or the Federal Reserve’s interest rate hikes have darkened the economic outlook – and rebounded as the pandemic or inflation have eased and the Fed has forecast…