Retire with MONEY helps you plan for and live a richer life in retirement, providing practical insight, expert advice, and helpful tips on how to save for the future you hope to achieve.
Nov. 25, 2020 "Meet the Teens Saving for Retirement"
by Mallika Mitra JaVon Colbert hides his money from himself — in his car, in his room, in all his bags. Storing those dollars helps the 18-year-old feel safe from the financial struggles he experienced earlier in life. When Colbert was young, his mother went into debt after buying an apartment to rent out for some extra cash on top of her main job as a factory worker at Toyota. After a few years, though, the rentals at the apartment in Cincinnati, Ohio, dried up.
Nov. 23 2020 "A 3-Step Life Insurance Check-Up You Should Do Right Now"
by Paul Reynolds It's corporate open enrollment season, time to look at your health and other insurance coverage. Life insurance benefits are often provided free to the employee, which makes them practically a no-lose perk — and one you may not even have to register to get. If there’s any downside to this coverage, experts say, it’s that they may make workers complacent about their long-term insurance needs, and so risk being underinsured. Here’s a plan to fight complacency.
November 20, 2020 "Finding a Home Is so Hard Right Now That Buyers Are Scouring Obituaries and Divorce Notices"
by Aly J. Yale No homes for sale in your desired area? Then just pick out a property and call up the owner. You could also check obituaries, dive into local property records or head to social media for potential homes to buy. At least that’s what many real estate pros are doing. “Creativity is key in this type of market,” says Adrienne Allen, head of real estate at homebuying platform Homie.
Nov. 19, 2020 "This Is the Fastest Way to Raise Your Credit Score"
by Martha C. White If you’re gearing up to borrow money for a car, home, or another big purchase, you already know how important it is to have a good credit score. What’s less clear, usually, is how to boost that score if you need money ASAP, and your current one leaves you with a less-than-ideal interest rate. It’s a tricky feat, to be sure. But it can be done. Your credit score has five components, and while all five are important, only one can be changed quickly.
Nov. 18, 2020 "Is It Worth Paying for a Password Manager?"
by Julia Glum Amid the explosion of COVID-19 phishing emails, fake coronavirus “treatments” and pandemic unemployment scams, it’s easy to forget about the basic steps you should be taking to protect your identity online. Major data breaches are still happening.
Nov. 17, 2020 "The Window for Penalty-Free 401(k) Withdrawals Closes Soon"
by Mallika Mitra In 2020, the holiday season brings an extra year-end deadline to keep in mind: Dec. 31 is the last day to make penalty-free withdrawals from your 401(k) under the CARES Act. With the passage of the CARES Act in March, Americans affected by the pandemic were allowed to withdraw up to $100,000 from their retirement accounts without the 10% early-withdrawal penalty people under the age of 59½ usually face.