Latest Retirement planning News
Liz Weston: Find free, solid money advice in uncertain times
If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the internet. Finding someone who knows what they’re talking about, and who isn’t trying to take advantage of you,...
How to pay rent when you can’t afford it
After Megan Pearson’s job as a restaurant server was put on hold because of COVID-19 -related stay-at-home orders, the single mom had to figure out how to come up with the rent for her apartment in Brooklyn, New York. “I posted my frustration on Facebook with trying to get through to unemployment...
Buying the plunge: Individual investors remain optimistic
LOS ANGELES (AP) — The lure of snapping up stocks at bargain prices has been too strong to pass up for many people, even as uncertainty over the coronavirus pandemic clouds the market and global economic outlook. Stuck at home, but armed with online trading apps, individual investors helped drive the...
What is a good reason for a personal loan?
Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island. But first assessing all your financing options can save you money. As the economy shifts, so will the way a personal loan fits into your plans....
Millennial Money: Still employed? Focus on savings and debt
The coronavirus pandemic has thrown tens of millions of people into financial turmoil. But not everyone is feeling the pinch. Not yet, at least. Roughly a quarter of Americans (24%) said the coronavirus crisis has not impacted their financial situation, according to a survey conducted April 10-12 by J.D. Power....
Liz Weston: Start thinking bankruptcy now, not later
If you’ve lost your job or struggle to pay your debt, you may need to file for bankruptcy. If that’s the case, you should ignore some common financial advice and start thinking defensively. The coronavirus pandemic that upended the economy is also expected to send unprecedented numbers of people and...
Hit by the virus and weighing a raid on your 401(k)? Beware
Many Americans are struggling financially due to the coronavirus. A recent federal relief package makes it easier for people financially harmed by the coronavirus outbreak to tap into their retirement savings for cash by loosening rules for withdrawals and loans. But should they use them? Experts say it's an...
Millennial Money: A Q&A to build your financial resilience
A few months ago you may not have thought much about strategies for managing credit balances or how much of an emergency fund you really need. But with finances strained by the coronavirus pandemic, making smart money decisions is crucial. To better handle current conditions, ask yourself these three questions....
Liz Weston: How to raid your retirement funds in a crisis
In an ideal world, your retirement accounts would be left alone for retirement. You’ve probably noticed that we’re not living in an ideal world. Early withdrawals can have serious repercussions, including big tax bills today and potential shortfalls in the future. Please look for other solutions...
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