By now, if you’ve been paying attention, you know the many reasons that explain the sudden surge in inflation. What you don’t know—what nobody knows—is whether this surge will sustain itself for the long term or whether it will evaporate just as quickly as it came about.
Smartphone usage increased dramatically during the pandemic as more people lost their jobs, were furloughed, or adhered to stay-at-home orders. While smartphones can provide endless entertainment, they can also be bad news for your budget. In fact, the combined global monthly amount that consumers spent on apps and games peaked in May 2020 at $9.4 billion, [...]
Thanks to today’s advanced research and new innovations, it’s more than possible for us to live longer, stronger and healthier lives. While life expectancy in the U.S. dropped one full year during the first half of 2020, according to a CDC report, much of that was attributed to the pandemic. Prior to Covid, however, life expectancy in the U.S. was [...]
It's easy to think of retirement as a period of life when work is off the table. But these days, a growing number of workers are planning to hold down some type of job once their primary careers come to a close. A good 57% of workers today said they'll earn money in some capacity [...]
Whether you are just starting out with your first job and apartment, or entering the later stages of your working life, there is no wrong time to plan for retirement. For Millennials and Generation Z, saving may seem less important, but don't discount its importance. "Even though retirement is decades away, acting now can lead [...]
Because inflation erodes purchasing power, it’s painful for just about everyone. But it can be especially challenging if you’re a retiree whose budget is based on a fixed income. Remember: Retirees can’t count on getting pay raises the way those who are still working typically can. In retirement, you’re creating your own “paycheck” — usually [...]
When we think of retirement, most of us think of accumulating a large sum of money and then spending it down gradually. One of the best insurance policies to prevent spending all of your money is to have numerous sources of income in retirement. As you'll see, even small amounts of retirement income can go an incredibly [...]
The internet can be quite a useful yet massively confusing place. Searching for instructional videos on saving for retirement with an Individual Retirement Account (IRA) generates more than 450,000 hits. That is a lot of information. It is also way too much information for people who have regular jobs as hair dressers, dentists, home care [...]
If you feel like you are walking through a fog as it relates to markets – welcome to August. Often the slowest month of the year, it blends into September in a way where it feels like it lasts about six weeks instead of four. Playing into the slow feel of August, July ended with [...]
The COVID-19 pandemic has had an outsize effect on people 50 and older: Not only did it impact older adults’ health more severely than younger ones, but it also forced many into early retirement and prompted others to take withdrawals from their savings earlier than they had planned. “So many of our members saw loss of employment,” AARP [...]