Latest Retirement planning News

Passers-by walk past an empty restaurant, left, Wednesday, Sept. 2, 2020, in Boston. The spread of COVID-19 has forced people out of their normal routines and into quarantine. And while the majority of people are struggling rather than saving, some people have been able to stash more money away due to widespread closures. Avoiding restaurants, travel and other out-of-the-house expenses may have helped you accumulate some cash over the last few months.  (AP Photo/Steven Senne)

If doing less means saving more, try these 5 money moves

Sep. 7, 2020 10:15 AM EDT

The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop due to canceled travel, limited dining options and more time at home. If you’ve managed to end up with...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website (NerdWallet via AP, File)

Liz Weston: The 2 costs that can make or break your nest egg

Aug. 24, 2020 7:11 AM EDT

If you earn a decent income but have trouble saving, the culprits could be the roof over your head and the car in your driveway. Retirement savers who contribute more to their 401(k)s often spend less on housing and transportation than their peers, according to a study by the Employee Benefit Research Institute...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website  The pandemic has many of us feeling fearful and out of control. But you can take steps to get a handle on what’s happening in your life. Measuring progress leads to a sense of accomplishment, and one way to measure progress is with dollar signs — whether it’s calculating how much you’re able to give or your savings from forgoing restaurant meals.  (NerdWallet via AP, File)

Liz Weston: Feel out of control? These money moves can help

Aug. 10, 2020 10:47 AM EDT

Behavioral economist Dan Ariely and his colleagues at Duke University’s Center for Advanced Hindsight have a pact. Every week, the group of 50 people picks one small business in Durham, North Carolina, and each person spends $100 there. A one-time $5,000 infusion wouldn’t make a difference to...