RichVintage I recently posted about how dividends don’t matter in the accumulation phase. You just have to go for a bigger total return. After all, ‘more money is better’ as I like to write. More money will create more retirement income. Even if you you feel there is value in dividends in retirement, you would […]
If you’re using CDs to prepare for retirement, make sure you know what to do (and what not) in advance. Getty Images/iStockphoto Over the past few years, the Federal Reserve has raised and then kept interest rates high to fight inflation. While this has led to higher costs for borrowers, it has been welcome news
Between the rising cost of living and high interest rates, average Americans are strapped for cash, making it difficult to save for emergencies — or pay them off when they inevitably arise. But a recent change in tax law makes it easier than ever to tap into your retirement account for $1,000 in an emergency,
Are you rich enough to join the top 5% of households? You may be richer than you think Let’s face it, the American dream has gotten a price upgrade. According to the latest data from the Federal Reserve, a net worth of at least $3,795,000 puts you in the coveted 5% of American households. While
Pekic/Getty Images There is only so much you can control about your financial situation. You can’t snap your fingers and magically increase your salary. The reality is, if you’re in the middle class, one of the biggest changes you can make to really make an impact is downsizing to save more on your monthly expenses.
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Few Americans today know much about Studebaker or Packard cars. Classic car enthusiasts remember their sleek and innovative designs, but the brands are also a reminder of another bygone era: the traditional defined benefit pension. Studebaker and Packard merged in 1954 and later closed. Their pension plans were cut, leaving thousands of workers without their
At zero time on an investment advisor, investors are often drawn to testimonials provided on investment advisor websites. It is not unusual for an advisor to claim that one of his clients managed to earn a whopping return of (say) 30 percent on the investment made, while another could increase his investment by (say) twice
