How Many Americans Retire With a Million Dollars?
How Many Americans Retire With a Million Dollars?
Rebecca Lake Wed, May 17, 2023
Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not a huge percentage of retirees end up having that much money. In fact, statistically, around 10% of retirees have $1 million or more in savings. The majority of retirees, however, have far less saved. If you’re looking to be in the minority but aren’t sure how to get started on that savings goal, consider working with a financial advisor.
5 Ways To Cash In on Your Spare Change
5 Ways To Cash In on Your Spare Change
Jennifer Taylor Tue, May 16, 2023
You’ve been collecting spare change for quite some time now, and your piggy bank is about to bust. The time has come to empty it, but first, you want to decide how to put your savings to good use.
After spending months — or even years — collecting these coins, you want to do something meaningful with the money. Here are five ideas to consider as the best use for your spare change.
America Is Becoming Too Broke To Fight
America Is Becoming Too Broke To Fight
May 2, 2023 Simon Black Sovereign Man.com
George Washington was already on his heels in late 1777.
The British army had recently taken New York and Philadelphia, plus Washington had suffered recent defeats at the Battles of Brandywine and Germantown. Washington knew that unless he could regroup, rearm, and retrain his beleaguered forces, the fledgling American Revolution could soon be lost. So on December 19, 1777, his army of 12,000 marched to their winter encampment site in southeastern Pennsylvania-- an area known as Valley Forge.
If a Family Member Dies, Which Debts Will You Be Responsible For?
If a Family Member Dies, Which Debts Will You Be Responsible For?
Vance Cariaga May 15, 2023
One thing to know about debt is that it doesn’t go away — even after the death of the person holding it. When someone dies, their debts and assets typically pass to their estate, according to the Consumer Financial Protection Bureau (CFPB). The estate is responsible for paying any unpaid debts.
If there is no money or property left, then under most circumstances the debt will not be paid. As a general rule, no one else — including family members — is required to pay the debts of someone who died, according to the CFPB. That’s not always the case, however.
7 Levels of Financial Freedom
7 Levels of Financial Freedom: How To Work Your Way Up, According to Experts
GOBankingRates Andrew Lisa
Whether you’re living to work, drowning in debt, struggling to save, overspending, or existing from paycheck to paycheck, you’re all too familiar with the invisible chains of financial stress. The answer, of course, is financial freedom, but with so many bills and so little money left over at the end of the month, how could anyone get from here to there?
Grant Sabatier — a self-made millionaire and golden child of the FIRE movement — has created a roadmap that he says can bridge the gap between financial servitude and financial independence. There are seven levels, and if Sabatier is right that most Americans are already at the second level, you only have six more rungs to climb.
Top 10 Financial Moves To Reduce Stress And Anxiety
Top 10 Financial Moves To Reduce Stress And Anxiety
Published: 05/15/2023 by Financial Samurai
I realized something important after writing about the best reason to retire early. Money doesn't buy everlasting happiness. However, having more money can reduce stress and anxiety. The goal of achieving perpetual happiness is not realistic. Happiness ebbs and flows. It's more exciting to be an 8 out of 10 on the happiness scale because there's still upside. You're already happy enough. But the thought of experiencing even greater happiness gives you more reason for being.
Life gets complicated as we get older. The responsibility of taking care of a family, experiencing declining health, and worrying about the future can suppress the mood of even the happiest person.
The Dollar’s International Decline Is Becoming Really Obvious
The Dollar’s International Decline Is Becoming Really Obvious
May 15, 2023 By Simon Black Sovereign Man.com
On the morning of February 23, 1944, US President Franklin Roosevelt sent an important telegram to two of his key allies overseas-- British Prime Minister Winston Churchill, and Joseph Stalin of the Soviet Union. World War II was still raging. And while the allies had seized the upper hand, peace was more than a year away.
Surprisingly, though, Roosevelt didn’t write to his allies to discuss the war. He was already thinking about what the world would look like AFTER the war was over… and in the telegram, Roosevelt invited them to participate in a conference on “postwar economic collaboration”.
10 Things Most Americans Don’t Know About Credit Cards
10 Things Most Americans Don’t Know About Credit Cards
John Csiszar Fri, May 12, 2023
Credit cards are so convenient that they are part of daily life for many Americans. Given that fact, it's perhaps surprising that there are so many common misconceptions about credit cards floating around.
Seeing as your credit score and how you manage your credit can affect so many areas of your life, from applying for a car loan or a home mortgage to qualifying for an apartment, it's important to know the facts about credit cards. Here's a look at 10 common misconceptions about credit cards and the truths behind each myth.
9 Easy Banking Tips You Haven't Heard of Before
9 Easy Banking Tips You Haven't Heard of Before
Nina Derwin Fri, May 12, 2023
Whether you are brand new to banking or you’ve had the same bank account for several decades, it’s never too early or too late to change up your banking strategy. Earning money is hard enough, and banking shouldn’t make it harder still to hold on to your dollars. Taking small steps and implementing these key tips can help you save money and avoid surprise surcharges and banking fees.
These People Are Incapable Of Playing The Long Game
These People Are Incapable Of Playing The Long Game
Simon Black May 10, 2023
On the afternoon of Sunday, June 7, 2020, a 36-year-old Chinese national named Wang Xin was at Los Angeles International Airport waiting to board Air China flight 988 back to his native Tianjin. Things were tense in the US; Covid-19 was still raging, George Floyd protests were erupting all around the country, and Wang couldn’t wait to get home.
But he never made it. Before boarding his flight, Wang was approached by several men who flashed their badges and identified themselves as US federal agents. Wang was then taken into custody and questioned… and he eventually told the agents the truth.
10 Small Changes To Stay On Track With Your Savings Goals
10 Small Changes To Stay On Track With Your Savings Goals
Cynthia Measom Thu, May 11, 2023
According to Fidelity Investments' annual Financial Resolutions Study, the top financial resolution of respondents for 2022 was to save more money. But not every resolution makes it far past January. Less than halfway into the year, you can still take charge of your finances.
How much you save is a personal decision -- one only you can make. But if you're interested in getting -- or staying -- on track with your savings goals, the time to start is now.