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Retirees Advised to Reassess Financial Strategies Amid Economic Volatility

Retirees Advised to Reassess Financial Strategies Amid Economic Volatility

Retirees are being encouraged to reassess their financial strategies in light of current economic conditions, which include rising inflation and stagnant interest rates. With inflation at its highest in three years and the possibility of interest rate hikes, retirees face increased financial pressure. CBS News outlines three strategies for retirees to improve their finances: reviewing debt relief options, moving savings to higher-yield accounts, and reconsidering insurance plans. These steps aim to help retirees manage expenses, increase savings, and secure financial stability despite the challenging economic environment.
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Jean Chatzky says retirees get one big thing wrong about money

Jean Chatzky says retirees get one big thing wrong about money

For most of your working life, the money advice all points one way. Spend less than you earn. Pay yourself first. Skip the upgrade and the impulse buy, and let compounding do the quiet work of building a future you cannot quite picture yet. That discipline becomes identity. People who spend 40 ...
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Retirement Countdown: Make these moves when 10 years away

Retirement Countdown: Make these moves when 10 years away

When you're 10 years away from retirement, it's not quite time to start a countdown. After all, you still have 120 months to go until your time in the labor force is over. Still, now's a good time to make sure you're on track for a secure retirement and address any savings gap that may have you ...
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Allianz Study Reveals 42% of Americans Retire Sooner Than Expected Due to Unforeseen Circumstances

Allianz Study Reveals 42% of Americans Retire Sooner Than Expected Due to Unforeseen Circumstances

Allianz Study Reveals 42% of Americans Retire Sooner Than Expected Due to Unforeseen Circumstances
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Allianz Study Reveals 42% of Americans Retire Sooner Than Expected

Allianz Study Reveals 42% of Americans Retire Sooner Than Expected

Allianz Study Reveals 42% of Americans Retire Sooner Than Expected
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Economic Pressures Lead Workers to Tap Retirement Accounts Amid Rising Inflation

Economic Pressures Lead Workers to Tap Retirement Accounts Amid Rising Inflation

Economic Pressures Lead Workers to Tap Retirement Accounts Amid Rising Inflation
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Vanguard warns workers are losing thousands in 401(k) savings

Vanguard warns workers are losing thousands in 401(k) savings

Working Americans saving for retirement are trying to build enough financial security to cover basic needs while still leaving room for the experiences they hope to enjoy after decades in the workforce. Years of reporting on retirement concerns have shown me that workers regularly rely on guidance ...
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Should you cancel your credit cards when you retire?

Should you cancel your credit cards when you retire?

At some point in retirement, you look at your wallet and wonder why you still have so many credit cards. If you are not using them, closing them feels like the responsible move. Sometimes it is. Sometimes not. "I've worked with retirees for over 20 years, and the ones who close old credit cards ...
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Suze Orman reveals alarming truth about retirement costs

Suze Orman reveals alarming truth about retirement costs

Many workers spend decades preparing for retirement and growing savings. What often gets less attention are the surprise expenses that can arise after leaving the workforce, and for many retirees, those costs can add up more quickly than expected. A new study from Boston College's Center for ...
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If I were 1-5 years from retirement, here is where I would invest

If I were 1-5 years from retirement, here is where I would invest

As you near retirement, your approach to investing typically needs to change. While online retirement calculators might project that you have more than enough money to last the rest of your life, there’s an important and often overlooked risk that can change that calculation. If you’re in your 30s ...
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Why You Should Pay Almost Everything With a Credit Card

Why You Should Pay Almost Everything With a Credit Card

Credit cards can be powerful tools when used responsibly. In this interview, Bankrate expert Ted Rossman breaks down when it makes sense to use credit cards for everyday purchases, why paying your balance in full matters, and the often-overlooked perks that go beyond rewards — from purchase ...
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Millennial Finance Coach Advocates 'Coast FIRE' for Sustainable Early Retirement

Millennial Finance Coach Advocates 'Coast FIRE' for Sustainable Early Retirement

Millennial Finance Coach Advocates 'Coast FIRE' for Sustainable Early Retirement