The Latest Breaking News on Personal Finance

Should I use a Lifetime ISA to save for a home - or wait for the new FTB ISA?

Both options will let first-time buyers save in cash or through investing, but there’s a key difference in the government top-up

The Independent UK · Jul 16

Americans Say They Need $1.2 Million to Retire Comfortably. Most Don't Think They'll Ever Get There

Americans believe they need about $1.2 million to retire comfortably, but a growing number doubt they will ever reach that goal.

International Business Times · Jul 16

6 Money Risks Married Women Miss When One Spouse Handles Everything

Many married couples naturally divide responsibilities, with one person managing the household finances while the other focuses on different priorities. That arrangement can work well until an unexpected event exposes financial blind spots that have gone unnoticed for years. Whether it’s an illness, job loss, divorce, or the death of…

Budget and the Bees · Jul 15

The Long-Term Care Planning Question Advisors Should Ask Before Retirement: “Who Pays for Year Five?”

According to the U.S. Department of Health and Human Services, about 70% of Americans who reach age 65 will need some form of long-term care during their lifetime. While many people budget for a few months of assistance, the financial challenge often grows when care extends for several years.

The Free Financial Advisor · Jul 14

The Inheritance Your Kids Need More Than Money — and 5 Ways to Pass It On

Wisdom can be a far greater gift than money. After all, what good is an inheritance if children don't know the values behind it or have the skills to handle it?

Kiplinger · Jul 14

Newly retired? These should be your next steps

If there’s one group likely to be experiencing the most consternation over inflation and economic uncertainty, it’s those who have just retired or are about to

The Independent UK · Jul 14

I want Rs 1 lakh/month from my Rs 1.15 crore PF and gratuity corpus; how should I invest?

ET Wealth Reader's Query: I will retire in four years. I have Rs 95 lakh in Provident Fund savings and expect Rs 20 lakh as gratuity. I have no liabilities. How to invest this corpus to get a monthly income of Rs 1 lakh?

The Economic Times · Jul 14

Rs 1,800 EPF vs 12% of basic pay: Choosing Rs 1,800 monthly contribution can increase your in-hand salary, but is it worth?

Employees face a choice between higher immediate income and a larger retirement fund. Reducing EPF contributions increases take-home pay but lowers future savings. Investing saved amounts in equities may offer higher returns over time. A disciplined approach to investing is crucial for long-term financial success. The decision depends on individual…

The Economic Times · Jul 14

The Rs 7.50 lakh myth: Why employer's NPS contribution must be included in salary for claiming deduction under Section 80CCD(2)

As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not allow deduction under Section 80CCD(2) unless the employer's NPS contribution is first included in salary. This article explains why the ITR utility is designed to work this way…

The Economic Times · Jul 14

Quote of the day by John D Rockefeller: 'Save when you can and not when...' Life lessons from inspiring quote on proactive saving, reactive panic, emergency fund, consistent investments and financial discipline

Quote of the day by John D Rockefeller highlights the importance of saving money before financial problems arise instead of waiting until an emergency forces action. The quote explains how proactive saving, emergency funds, consistent investments, financial discipline and controlled spending help people prepare for uncertain situations. It also reflects…

The Economic Times · Jul 13