WEST WARWICK — An event held last week in the West Warwick High School media center invited a group of about 30 students to put their personal finance knowledge to the test. Sponsored by BankNewport, the Financial Literacy Fair was an opportunity for high school Finance Academy students to apply what they had learned in … Read more
(Maurie Backman) When it comes to applying for Social Security, you have your share of options. If you wait until full retirement age (FRA) to enroll, which is 66, 67, or somewhere in between, you’ll get the full monthly benefit you’re entitled to based on your wage history. If you delay filing beyond the FRA, … Read more
(James Brunley) If you are a “buy the dip” type of investor, the current pullback is a great opportunity. Although the S&P 500 (SNPINDEX: ^GSPC) Ending last week on a high note, the index is still 13% below the March high and remains 16% down for the year. And for some of these stocks, the … Read more
Liz Weston, CFP® Before the pandemic, entrepreneurs Liz Eddy and Alyssa Ruderman were having trouble getting venture capitalists to invest in their end-of-life planning app, Lantern. Potential business partners were also skeptical. “We were hearing, ‘Oh, this is really a niche problem,’ which I think is pretty funny,” says Eddy. “Death is literally the only … Read more
(Stefon Walters) Investing doesn’t have to be difficult. In fact, it shouldn’t be difficult, it should be rewarding. Fortunately, there are things you can do to become a smarter investor that don’t require you to work harder. Here are three methods you can use to invest smarter, not harder. Image source: Getty Images. 1. Set … Read more
amanda muddy It’s a banner year for weddings, with industry experts at Wedding Report predicting that more than 2.5 million couples will marry, a maximum of 40 years. But your finances may not be ready to take on the costs associated with being a wedding guest. Half (50%) of Americans say they plan to attend … Read more
(Stefon Walters) Investing doesn’t have to be difficult. In fact, it shouldn’t be difficult, it should be rewarding. Fortunately, there are things you can do to become a smarter investor that don’t require you to work harder. Here are three methods you can use to invest smarter, not harder. Image source: Getty Images. 1. Set … Read more
(Stefon Walters) Investing doesn’t have to be difficult. In fact, it shouldn’t be difficult, it should be rewarding. Fortunately, there are things you can do to become a smarter investor that don’t require you to work harder. Here are three methods you can use to invest smarter, not harder. Image source: Getty Images. 1. Set … Read more
(Stefon Walters) When it comes to retirement accounts, your top three options are the 401(k), the Roth IRA, and the traditional IRA. A 401(k) plan is the most common because it’s offered through many employers, but ideally, it shouldn’t be your only retirement account. A 401(k) is good because it contributes pre-tax money and reduces … Read more
(Maurie Backman) If you’ve been following the news, you may know that inflation is up, gas prices are skyrocketing, and the stock market is stuck in a steady decline. But how up to date are you on Social Security? If you are not yet of an age at which you are collecting benefits, Social Security … Read more
(Stefon Walters) When it comes to retirement accounts, your top three options are the 401(k), the Roth IRA, and the traditional IRA. A 401(k) plan is the most common because it’s offered through many employers, but ideally, it shouldn’t be your only retirement account. A 401(k) is good because it contributes pre-tax money and reduces … Read more
(Maurie Backman) One of the trickiest things about planning for retirement is that it’s hard to estimate living costs years in advance. Imagine you are 30 years old and trying to get an idea of what retirement might cost you. At this point, you may be 35-40 years from reaching that milestone. How the hell … Read more
(Stefon Walters) When it comes to retirement accounts, your top three options are the 401(k), the Roth IRA, and the traditional IRA. A 401(k) plan is the most common because it’s offered through many employers, but ideally, it shouldn’t be your only retirement account. A 401(k) is good because it contributes pre-tax money and reduces … Read more
kate ashford About 1 in 8 Gen Xers and baby boomers say they have postponed or considered postponing retirement because of inflation, according to a March 2022 survey by the National Retirement Institute. With an inflation rate above 8% and hitting a 40-year high, coupled with a stock market that has seen a double-digit percentage … Read more
(Keith Speights) Whether you plan to retire in your sixties or much sooner, there’s one thing you’ll need: passive income. And to maintain your standard of living, you’ll probably need a significant amount. Social Security is not an option for you if you retire too soon. Even if you wait until you are eligible, the … Read more
(Daniel Foeber) In 2020, Morgan Housel released the psychology of money. I think it deserves to be on the Mount Rushmore of investing books, especially for people who believe that history and behavioral psychology are critical elements of investing. In the book, Housel has a section that describes the stock market as a field where … Read more