Advisors

Many Americans agree it now takes a six-figure salary — at least — to get by amid today’s rising prices and economic uncertainty. Yet, 72% of six-figure earners are men, according to a recent report by MagnifyMoney that’s based on an analysis of U.S. Census Bureau data. For every woman who makes at least $100,000,

MoMo Productions | DigitalVision | Getty Images Inflation is taking a substantial bite from the income retirees get from pensions. Many pensions periodically increase recipients’ payment amounts by offering a cost-of-living adjustment. But those raises are small relative to the 8.5% annual inflation rate in March, the highest in over 40 years. Some plans, especially

Liubomyr Vorona | Istock | Getty Images Money and family – what two subjects bring up more for us? And so when a relative comes to you asking for financial help, and the two are combined, it’s only natural to feel overwhelmed. “Being solicited for money from someone you love can cause discomfort that you

Nazar_ab | Istock | Getty Images For some women, it appears the pandemic has had a silver lining: Getting started with investing.  Roughly 2 in 5 (42%) current female investors took the plunge either in 2020 or 2021, according to a recent survey from social investing app eToro. And half of all women said they

Mixmedia | E+ | Getty Images There’s a renewed push in Congress to let Medicare beneficiaries set aside pre-tax money for medical expenses. Called the Health Savings for Seniors Act and introduced this month in the House, the bipartisan bill revives past legislative efforts to let individuals on Medicare contribute to health savings accounts, or

Eric Audras / Getty Images What type of insurance should you have at different stages of your life? When asked, financial advisors pointed to disability and life insurance as most important kind of coverage at any stage, as they apply throughout our lives. In addition, advisors discussed often overlooked considerations for different points in your

Three Spots | Istock | Getty Images When you get a new job, there may be a lot of things you want to forget entirely about your former employer. Just be sure your 401(k) plan isn’t one of them. While you may have options for how to handle that retirement savings, there are situations when

The Good Brigade | Digitalvision | Getty Images A popular way to save for out-of-pocket medical expenses might be contributing to health-care inequality, new research suggests. Health savings accounts are tax-advantaged accounts available to Americans with high-deductible health insurance policies. Federal law established them in 2003. Since then, HSAs have grown quickly as employers have

In this article PFG Blackcat | E+ | Getty Images If your employer’s contributions to your 401(k) plan are a big part of your retirement planning, be sure you understand when that money will actually belong to you. Vesting schedules — the length of time you must be at an employer for its contributions to

Demonstrators in front of the White House on Sept. 25, 2021, call for the cancellation of rents, and mortgages and to prevent millions of evictions in the middle of the Covid-19 pandemic. Olivier Douliery | Afp | Getty Images Billions of dollars in federal rental assistance is still available to struggling renters, though some states

Martin-dm | E+ | Getty Images Women and men do differ when it comes to investing. However, while many may think of women as the weaker sex when it comes to investing, female investors actually capture stronger rates of return than their male counterparts. Women outperform men by 40 basis points, or 0.4%, on average,

Muslianshah Masrie | Photodisc | Getty Images Are you saving enough now for your eventual retirement? The odds are that you probably aren’t. The latest Federal Reserve Survey of Consumer Finances for 2019 found that the median amount of savings in Americans’ retirement accounts was $65,000. To say the least, that nest egg will not