The Latest Breaking News on Personal Finance

Retiring soon? Expert explains how IRAs and 401(k) work

‘The tax advantages associated with IRAs and 401(k)s is what makes them powerful tools when saving for retirement,’ one expert said

The Independent UK · Mar 4

We're 65 With $3.9 Million. Should We Give Our Adult Children Their Inheritance Now to Pay for Daycare and Buy a Home?

We have $3.9 million saved. Our adult children are struggling to pay for daycare and buy a home. Should we give them an advance on their inheritance?

Kiplinger · Mar 4

It's Time to Redefine Retirement for Retirees With $500,000 to $5 Million: Here's How

Retirees with $500,000 to $5 million in assets need a different approach to keep their house and cover ever-increasing health care expenses, including long-term care, without taking too much risk and paying too much in taxes.

Kiplinger · Mar 4

7 Household Appliances You Should Unplug to Cut Your Utility Bill

Electricity never truly sleeps, and neither do many of the appliances scattered around the house. Flip a switch off and a tiny current often keeps flowing. Digital clocks glow. Sensors wait. Remote controls stand ready. That constant trickle of power, known as standby power or phantom load, may look harmless,…

Everybody Loves Your Money · Mar 3

4 Signs Your Parents May Be Hiding a Financial Crisis

Money stress rarely announces itself with a dramatic confession. It creeps into daily routines, reshapes habits, and quietly alters behavior long before anyone says a word. Parents who once handled every bill with confidence may start dodging conversations about expenses or brushing off simple questions about retirement.

The Free Financial Advisor · Mar 3

Stop Saving for a Down Payment Until Mortgage Rates Stabilize

Mortgage rates shape affordability more than almost any other factor in home buying. A one-point swing can add hundreds of dollars to a monthly payment and tens of thousands in long-term interest. Yet many people continue pouring every spare dollar into a down payment fund as if the only variable…

Everybody Loves Your Money · Mar 3

How to Turn a $1 Million Nest Egg Into a Lifetime Income Machine

The paychecks may stop, but the income shouldn't. Master the art of the "income machine" to fund your dream retirement.

Kiplinger · Mar 3

Risk-Averse But OK With More Risk Than a CD? These 2 Options Could Work for You

Investors looking for higher yields might want to consider these hybrid products, which blend the possibility of better returns with less downside risk than traditional investing.

Kiplinger · Mar 3

How I Managed Decluttering My Paperwork After Retiring

Or: Why you don't need to keep tax returns from your 20s and 30s.

Kiplinger · Mar 3

The #1 Mistake Savers Make During Global Conflict—And How to Keep Your Retirement Intact

Global conflict has a way of shaking even the most disciplined savers, and history shows that fear—not markets—is what causes the biggest financial damage. The...

Saving Advice · Mar 2