Best States To Retire: A List — And How To Find More Lists

It’s not market shocks like Brexit. It’s not because they’ve been burned by bad advice from financial advisors. It’s because they can’t afford it. That’s the reason cited most often by millennials to explain why they

3 Money Myths Millennials Must Ignore To Safeguard Their Nest Eggs
You know the old computer science saw garbage in, garbage out. If you enter bad data, a computer spews out flawed information. And because people blindly trust the results, they tend to be misled. It’s

5 Proven Ways to Save for Retirement Without a Full-Time Job
“Steps to Maximize Your 401k.” “How to Master Your 401k.” “Ways to Increase Your 401k.” Headlines such as these are common in personal finance publications, and tend to give the impression that a 401k account is THE way to save for retirement. For most employees, it is. About 80 percent of full-time workers have

Retirees Find That Solving Money Woes Is Easier Said Than Done
Having enough money is the virtually universal key to being able to afford a comfortable retirement. And everyone knows how challenging it is to save enough during your working years. The difference between success and failure

Deciding If a Qualified Longevity Annuity Contract is Right for You
By  Nimish Shukla Learn more about Nimish on NerdWallet’s  Ask an Advisor As life expectancies lengthen and many retirements grow to 30 years or longer, more and more Americans are deciding to supplement traditional retirement savings, such as  individual retirement accounts ,  401(k)s , pensions and Social

How Budgeting Helped Me Achieve the Life I Want
Budget. It’s the dreaded word of personal finance. Say it, and people will tell you how much they despise it. The statistics bear this out: Only 39 percent of U.S. adults say they closely track their spending and have a budget, according to a 2014 survey conducted for the National Foundation for Credit Counseling.

How millennials can save the world while saving for retirement
If you are a millennial investor or just think like one you are likely to have some very different attitudes about investing than previous generations. We conducted a survey and this one stands

Surging Canada ETF Gets Bigger Weighting In NorthCoast Portfolios
Patrick Jamin kept his big picture focus in a month that brought topsy turvy conditions. The chief investment officer for NorthCoast Asset Management made slight adjustments to the firm’s ETF retirement portfolios in June. As global markets

9 Things to Know About Social Security If You’re Working Past Retirement Age
The rules surrounding your Social Security benefits can be confusing. And the topic of collecting benefits while you’re still working can add to this confusion. There are any number of reasons to work into retirement while drawing Social Security benefits. These could include the need for the extra income or perhaps

How to Master Your 401k in Your 60s
Once you hit your 60s, your priority should be focused on transitioning to retirement. In terms of your 401k, planning an exit strategy is a key focus during these years. You should have eight times your annual salary saved for retirement by age 60, and 10 times your salary saved by age 67, according to Fidelity.

4 Healthy Financial Habits to Develop Now
By Brad Sherman Learn more about Brad on NerdWallet’s Ask an Advisor  Our habits play a crucial role in our ability to meet our goals and become who we want to be. Bad habits — whether it’s biting our nails, overeating, smoking or something else — create roadblocks on the path to becoming our best selves. And

Psst! Retirees' Financial Facts Of Life — For Young Workers
People learn from experience. And that certainly includes retirees. Once U.S. adults retire, they quickly learn whether they have enough money to live in the style they expect. If they don’t have enough money? Being retired,

The 3 Lamest Excuses For Not Saving For Retirement
You know how you keep putting off something you don’t feel like doing — like doing your taxes or cleaning out a closet? Saving for retirement is like that for most of us. A third of workers say they are not saving for retirement, according to data from the Employee Benefit Research Institute. A Bankrate survey of

A Fix For Confusion Around Social Security Benefits
Social Security spousal benefits and survivor benefits appear very similar on the surface. Both programs provide benefits to an individual based solely on their spouse’s work history. But scratch a little deeper and one finds a tangle of regulations and features that are just different enough to cause headaches for

5 Ways to Test Your Retirement Readiness
Today, moving toward retiring is more complicated than it was in prior years, and comes with a thousand decisions. “Retirement looks very different for people today than it did 50 years ago. People are living longer, and their families sometimes live across the country or even across the globe,” said Aaron Hatch, CFP

What Millennials Get Wrong About Retirement
Every time I use a retirement calculator — which I do as a hobby, how other people might, say, cross stitch — I hover for a beat over the field that asks when I want to retire. Sometimes I stretch it out to get a result that says I can spend more and save less right now, which seems pretty fun. Occasionally I

Biggest Money Mistakes Rich People Make
All of us make money mistakes from time to time — even the wealthy. Although the rich clearly get a lot right when it comes to managing money, they make missteps, too. “I’ve documented some horrific money blunders some smart, wealthy individuals always seem to repeat,” said Tom Corley , who spent five years

4 Things You Can Learn From John Oliver About Retirement Planning
By Brad Sherman On his HBO show  Last Week Tonigh t , comedian John Oliver recently turned the national spotlight on the wealth management and retirement planning industry. In light of a new Department of Labor rule requiring all financial advisors to act as fiduciaries for retirement accounts,  in which we

Medicare Rules for Home Health Care
Medicare home health coverage can be a crucial benefit for seniors who have just been discharged from the hospital or who struggle with a chronic condition and have difficulty leaving home. But taking advantage of this benefit can be

More Are Saving For Retirement, But It May Not Be Enough
Americans are doing a better job of saving for retirement in the 10 years since lawmakers passed legislation to protect pensions, according to fund operator Vanguard, but some say they may not be doing enough. As

How Financial Advisors Can Keep Up As Clients' Priorities Shift
Many financial priorities for workers shift as they get older. That creates food for thought for workers throughout their careers, as they try to stay focused on building a retirement nest egg despite other

6 Ways to Make Your Retirement Savings Last
Planning for retirement these days can be daunting, as people are living longer, healthier lives. According to the Social Security Administration, 65-year-old baby boomers can expect to live to the age of 84.3 years if they’re men and 86.6 years if they’re women. However, a Retirement Confidence Survey conducted in

How to Invest in CDs for Your Retirement
Investing in certificates of deposit for retirement is a safe, low-risk option for people of all ages, but it’s especially attractive for those over 50 who desire stability rather than high-risk investments . Backed by the FDIC and sold by banks, CDs are a smart option for anyone who has cash sitting in a bank

Worst States for Retirement 2016
Number crunching alone can’t tell you where to retire. That’s a choice you’ll ultimately need to make on your own. But identifying the places that hold the lowest appeal for retirees can at least help narrow your

How to Master Your 401k in Your 20s
When it comes to saving for retirement, many Americans aren’t doing their due diligence. According to a recent GOBankingRates survey , a third of Americans currently have no retirement savings. And the problem is worse among millennials, who are 40 percent more likely to have $0 in savings than members of Generation

Self-Employed Business Owners Decry Costs Of Health Care, Red Tape
Being an entrepreneur is supposed to be a key to living the American Dream. You know, being your own boss. Making a decent living. But many entrepreneurs say it’s become a nightmare. That’s because rising costs

High-Earning Clients Will Hate These Retirement Proposals
By Suzanne Woolley (BLOOMBERG) — For the past two years, a commission made up of 19 people from the academic, political, business, and investment worlds has been working on a plan to strengthen retirement security and personal savings of Americans. The result, a 146-page report from the Bipartisan Policy Center,

How To Carry Debt & 8 More Retirement-Savings Tips For Millennials
Millennials in their first job and first apartment can be tempted to think that their only financial responsibilities are to cut a check for rent, pay subway fare, score movie tickets, buy a few clothes and pick

It's a Marathon, Not a Sprint: 4 Stages of Planning for Retirement
By  Melissa Sotudeh , CFP Learn more about Melissa on NerdWallet’s  Ask An Advisor Even after running five marathons in five years, I still get butterflies in my stomach the night before a race. Will I wake up on time? Have I chosen the right clothes and fuel to get me through the race? These thoughts cross

25 Easy Ways to Double Your Paycheck in One Month
Let’s face it: Everyone wishes they were making more money. But unfortunately, not everyone can ask for a pay increase and actually get the raise. Still, there are ways you can increase your take-home pay each month without relying on a salary bump. So, double your monthly paycheck by using these 25 tips. Click

7 Important Financial Steps to Take in Your 30s
By  Dmitriy Fomichenko Learn more about Dmitriy on NerdWallet’s  Ask an Advisor When you hit your 30s, you may start thinking about your major life goals, both personal and financial. Although you may be able to defer some of your personal life decisions, such as career changes, starting a family or moving to

How to Build the Right Mix of Investments in Retirement
Before Tim O’Brien retired in 2014 after a 30 year military career, he took a hard look at his investment portfolio and decided it was too aggressive. So O’Brien started trimming his allotment to stocks. When he was done,

Mastering IRA Rollover Decisions
By Ed Slott By now, many advisers are well on their way to incorporating the Department of Labor’s new fiduciary rule into their investing recommendations. But there is one more area they should be considering: the rollover process for retirement plans. Discussing with clients both the benefits and drawbacks of

Maybe You Don't Need a Will
What do Prince, Abraham Lincoln, Howard Hughes, Pablo Picasso and Bob Marley all have in common? Yes, they were all wealthy men. Also, they all died without a will. See Also Estate Planning Advice Inspired By PrinceLeaving no will

15 Money Myths That Can Destroy Your Retirement
Many Americans are on track to fall short of meeting conservative retirement savings targets. In fact, 45 percent of working-age households do not have money saved in retirement accounts, according to a report by the National Institute on Retirement Security. If you’re one of them, or simply don’t think you have

11 Common Money Mistakes People Make in Their 40s
Young people aren’t the only ones with money problems — people in their 40s experience financial setbacks at well. Although you might have a few cars in the driveway, a house you can call your own and a solid retirement savings plan, you’re still susceptible to financial mistakes. From money management issues to

Covering the Costs of Long-Term Care
By  Damon Gonzalez Learn more about Damon on NerdWallet’s  Ask an Advisor Long-term care planning  is really hard to talk about. It can be frightening to imagine ourselves with diminished capacity and needing help from others. And since we find it challenging to discuss it, we often don’t plan for it. Very

Don't Give Up on Social Security – Count On It
Everything you think you know about Social Security is probably wrong. The system isn’t “running out of money.” It’s not going bankrupt. And the chances are quite good that millennials will receive benefits from Social Security — although half of them don’t believe it, according to a  2014 Pew Research Center study

Do the Math to Tell If You're on Track for Retirement
o know the answer, you also need to know or decide things like when you should retire, whether you want to fully retire or pursue an encore career, and so

Biz Groups Sue To Kill Law They Say Will Restrict Retirement Advice
The financial services industry has counterpunched in its fight against the U.S. Department of Labor’s ( DOL ) new fiduciary rule for financial advisors. Charging that the DOL overstepped its authority on April 6 in creating

10 Ways to Realistically Make Your First $1M
Making $1 million might seem like an impossible goal — but with planning, side gigs, lifestyle tweaks and investing, it’s actually doable. Like any large goal, breaking the steps into manageable pieces can increase your chance of success. See what steps money experts recommend you take to help you make your first

Best Practices For Predicting Client Life Expectancy
By Carolyn McClanahan Much of the world’s employment is based on predicting the future. Economists, tarot card readers, seismologists and meteorologists are prediction experts, but advisers fit into that group nicely. It is a wonder there are so many prediction experts, given that most fail at their job. Even

Why It's Never Too Early To Set A Retirement Date
By Paul Hechinger A client’s retirement date may be the most important variable in a financial plan. It is crucial that advisers know how to help clients pick the right date and plan for it, though the exact date can be fine-tuned later on. “You might consider making a pre-retirement checklist of key questions

Don’t Wait for a 401(k) to Start Saving for Retirement
Congratulations, college class of 2016: You walked across that graduation stage and into the best job outlook since 2009, according to the Economic Policy Institute . A promising 21% of you even  accepted a job prior to graduation , up from just 12% last year. But the definition of “job” has become, shall we say,

Here’s How To Decide Which Retirement Accounts To Fund First
Decisions, decisions. You’ve got lots of ways to save for retirement, ranging from accounts in company plans to individual retirement accounts to taxable accounts. So how do you decide where to put the money

Saving for Retirement When You're in the Military
I’ve been in the Army for 12 years, and I’m hoping to stay long enough to qualify for the pension. What’s the best way for me to save for retirement? See Also 10 Best Financial Benefits for Military FamiliesMany

9 Things Newlyweds Can Do Now to Have More Later
If you just got married — or are about to walk down the aisle — congratulations. You’re probably eager to start planning your future as a twosome. However, as you do this, you should make sure to take your finances into account . According to a survey by Ally Bank, 84 percent of Americans said romantic

Retirement Savings Basics: Sign up for IRA, Roth, or 401k?
If you’re working your first or second full-time job and a human resources specialist has mentioned the words “employee matching” to you, it’s time to consider your retirement savings options. It’s never too early to start, and it’s OK if think you’re late to the game. But it’s important to know (beside the fact that

17 Signs Millennials Are Better With Their Money Than You
Millennials might have a much better grasp of financial matters than their critics suggest, according to findings in TD Bank’s first Consumer Spending Index survey. Members of this generation — born between the early 1980s and early 2000s and now roughly between the ages of 12 and 34 — have been chided for being

If You See Elder Abuse, You Can't Ignore It, Experts Urge Advisors
By  Andrew Welsch WASHINGTON – When it comes to preventing elder financial abuse or helping identify aging clients with diminished mental capacity, financial advisers may do well to heed simple advice: if you see something, say something. “If you are going home, but still thinking about that client, then you

Should You Refinance Your Mortgage If You’re Near Retirement?
It’s tempting to refinance, given today’s low interest rates. Switching to a new loan with a lower  refinance rate can cut your monthly payments and free up money for other needs. But what if you are close to retirement — does refinancing carry any special risks? We asked financial advisor Laura Scharr-Bykowsky ,

The Best Ways to Invest $5,000
Building up $5,000 to invest isn’t easy — no matter how you did it, the process likely involved a fair amount of penny pinching and going without. So here’s the good news: Investing that money is fairly easy. It’s an amount that falls well above most online broker and robo-advisor account minimums, and it gets

5 Insurance Changes to Make When You Retire
Whether you plan to travel the world, run marathons, serve your community or spend more time with family, retirement will bring radical changes in the ways you spend your time. And whenever life changes, so do the risks you face — which means retirement is a good time to look closely at your insurance coverage. You

Why Guaranteed Income for Life Doesn't Always Offer the Best Retirement Options
Today’s retirees are probably the last generation that will benefit from reasonable lifelong pensions. With pension income, plus Social Security, octogenarians are aging knowing they can cover their needs (food, clothing, utilities and some modest amenities) for the rest

10 Reasons Being Rich Is Harder Than It Looks
We see you rolling your eyes right now. But it’s true: Being rich isn’t all wine and roses. Lazy kids, needy friends, constant lawsuit threats and other concerns plague wealthy people on the regular. Here are the top reasons being rich is harder than it looks — straight from the mouths of people who make millions,

20 Life Hacks That Increase Your Wealth
Many people strike it rich by just making one smart career move, investing in the right stocks or even inheriting a family fortune. But for others, it simply comes down to changing their daily habits and routines, adopting a new mindset or implementing small lifestyle changes. Check out the secret life hacks

Are You Saving Enough To Retire? Here’s A Better Way To Keep Track
No one needs a reminder that it’s tough to save for retirement. Many people don’t even try to figure out if they’re on track because they tell themselves, “Hey, if I need to, I can keep working

Stocks Negative for Year on Fed Rate Hike Fears  
InvestorPlaceInvestorPlace Stock Market News, Stock Advice & Trading Tips U.S. equities moved lower on Thursday as investors continue to react to a sudden hawkish turn by the Federal Reserve pushing large cap

Learn The Secrets Of These 3 Retirement Super-Savers
If you’re like most people, you have less than $75,000 saved for retirement . Yet, you keep hearing that you need upward of $1 million to make it through your retirement years. Just where is that million bucks going to come from? The dire statistics from PwC, which provides consulting services to corporations and

Why It's Never Too Early To Set A Retirement Date
A client’s retirement date may be the most important variable in a financial plan. It is crucial that advisers know how to help clients pick the right date and plan for it, though the exact date can be fine-tuned later on. “You might consider making a pre-retirement checklist of key questions to ask every client

Yahoo! Inc. (YHOO): RELAX, Lowball Bid Shouldn’t Cause Worry
InvestorPlaceInvestorPlace Stock Market News, Stock Advice & Trading Tips Just when it looked like Yahoo Inc. ( YHOO ) might finally be bringing a welcome end to its miserable tale (by virtue of

Apple Inc. (AAPL): Friday’s Apple Rumors
InvestorPlaceInvestorPlace Stock Market News, Stock Advice & Trading Tips Here are your Apple Rumors for today Camera Apple  ( AAPL ) suppliers may be having trouble keeping up with

Adobe Systems Incorporated: Paint Profits With Adobe Stock Options (ADBE)
InvestorPlaceInvestorPlace Stock Market News, Stock Advice & Trading Tips While the broader market remains on a circuitous route to nowhere,  Adobe Systems Incorporated ( ADBE ) has been quietly consolidating near all time highs. Like a coiled spring, it’s been building

Google Self-Driving Cars to Feature ‘Pedestrian Glue’