Personal Finance

To get the most value from your financial advisor, you must ask the right questions. Pose strategic questions to prospective advisors and you can quickly weed out the pros who don't fit your needs. During financial and retirement planning sessions, you can lean on pointed queries to reveal assumptions that should be refined. And in your annual…

Putting aside at least $400 in savings has long been recommended as an initial savings goal by personal finance experts. That's because for years $400 has been a benchmark emergency expense used in the Federal Reserve's annual survey of household economics. However, that amount "hasn't kept pace with the reality of how much these emergency…

With a steady rise in inflation and cost of living, a sufficient savings corpus and a control on one’s expenses becomes extremely important. The best way to kick-start is by setting up a budgeting rule.  A budgeting rule gives a good sense of where your salary is going. Having an idea about this also ensures you can cut down on all…

(James Brumley) If you're like most investors, your ultimate investment goal is securing the best retirement possible. Most people also understand achieving this goal requires taking on the inherent risks of owning stocks. Bonds, real estate, and commodities are certainly capable of producing positive…

(Stefon Walters) Healthcare isn't cheap. And it's showing no signs of getting cheaper anytime soon. In 1970, total health spending in the U.S. was $74.1 billion. By the end of 2020, this number had skyrocketed to $4.1 trillion -- triple what it was in just 2000.Unfortunately, retirees are feeling a lot of…

(Maurie Backman) Passive income is an investor's dream. You get to sit back and get paid on a regular basis without having to go out and hustle.Meanwhile, investing in real estate is a great way to set yourself up with passive income. But that doesn't necessarily mean going out and purchasing a property you…

Dear Liz: I am pondering the best time to begin drawing Social Security. I have no debt, am 61, retired and fortunate enough to have retirement funds that are projected to last until I’m 95 without Social Security. That said, when I begin drawing Social Security, I understand I am likely to get taxed at the full 85% rate based upon the monthly…

My parents kept the same trash can for years. It worked fine so they didn't see a need to replace it. That taught me a lesson: There's no sense in replacing things I own that still work. I've kept many household items that are "outdated" and it…

(Mark Blank) One senator sent shock waves through the political community earlier this month when he made a bold claim about the future of Social Security. Many lawmakers have called for Social Security reform, but the recent comments from Sen. Ron Johnson (R-WI) suggest more extreme changes than many of his…

ReportLinkerGlobal Personal Finance Software Market 2022-2026 The analyst has been monitoring the personal finance software market and it is poised to grow by $ 242. 41 mn during 2022-2026, accelerating at a CAGR of 4.New York, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Personal Finance…