Some advocates have called to forgive student loans because student loans contribute to racial and socioeconomic wealth gaps. The usual measures of financial wealth, however, is a misleading indicator of the economic status of student loan borrowers.
Achieving financial independence and leaving the workforce before the traditional retirement age of 65 has become an aspiration for many people. For Jackie Cummings Koski, that goal became a reality when she retired with $1.3 million at age 49.
Ali and Josh Lupo haven't always been in control of their finances. After racking up $102,000 worth of student loans between their two bachelor's degrees and Ali's master's degree, they lived paycheck to paycheck for years, unable to make a significant dent in their debt.
More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, PayPal and Disney This has been a remarkable year for stocks, but it may surprise you how many are in bear-market territory, usually defined as a decline of at least 20%.
There are three extremely important elements when it comes to investing your money: the amount you contribute each month, the rate of return and how long you have to reach your goal.
An inside look at how Nike founder Phil Knight is giving a fortune to his family while avoiding billions in U.S. taxes.
Cincinnati-based couple Brennan and Erin Schlagbaum bought their first property in August 2016. Five years later, in August 2021, they made their final mortgage payment. During that time, they also paid off Brennan's $38,500 in student loans, two cars, an engagement ring, and a bed.
Few things are certain, yet Social Security retirement benefits are among the safest sources of retirement income: Inflation-adjusted monthly benefits backed by the federal government for as long as you live.
The average American hopes to retire by age 62. Retirement planning, however, is not one-size-fits-all.
Stocks and bonds are core investments. Now, Vanguard is suggesting that retirees willing and able to bear the risk may want a stock target of 50 percent. The stock market can provide eye-popping returns but can also be counted on to produce big losses.
Retirement is a source of significant anxiety for Americans. It’s reported 40% of us fear retirement more than death. Outside of government jobs, pensions have nearly all disappeared.
As the stock market has convulsed lower and yields for bonds have surged in recent weeks, culminating in a so-called correction for the Nasdaq Composite Index, average Americans are wondering what’s amiss with Wall Street.
Bitcoin is down around 36% from its all-time high in November, but the dip has a good side, thanks to a quirk in the tax code that helps crypto holders shield their winnings from the IRS.
George Athanassakos is a professor of finance and holds the Ben Graham Chair in Value Investing at the Ivey Business School, University of Western Ontario With inflation reaching 30-plus-year highs, investors are looking to alternative investments to protect their capital from its erosion in case in
It's likely rental property isn't the first investment to come to mind when you think of retirement. After all, there is a lot of active management and responsibility tied to being a landlord -- the exact opposite of what most people are looking for in their golden years.
He was an estimator for a paving company and had a lot of free time. With all the hookups he had, he fell in love with one of the women he had been seeing behind my back. He was working on this woman’s house when ours was falling apart.
After more than a decade as a mortgage underwriter at USAA, Brenda Gentry resigned in October 2021. Rather than continue in traditional finance, she pivoted to crypto full-time. Now, Gentry runs a crypto consulting firm, which she launched after leaving her job.
Last year, the stock market may have felt like the Wild West with all the wild investing situations that cropped up — special-purpose acquisition companies rose and fell, meme stocks continued to catch the eye of retail investors, and altcoins and nonfungible tokens blew up.
Saving money is often mentioned as one of the core steps toward financial success. Also important is deciding where to save money, as there are numerous options to consider. 401(k)s, IRAs, Roth IRAs, nonqualified accounts and others all have their own rules, benefits and tax implications.