Financial literacy is very important – most people know that. But how important is that? How much does financial illiteracy cost? According to a new survey conducted by the National Financial Educators Council (NFEC), that figure is A LOT. The survey asked a sample of adults across the U.S. a single question: “During the past … Read more
According to U.S. Census Bureau figures, 12,000 people will start turning 65 each day, hitting an estimated total of 4 million for 2024. If you are one of those 4 million people, you may be thinking about ways to limit tax liability on your retirement income. You will want to keep as much of your … Read more
Do you have enough money to cover one month of expenses? If you don’t, then you are not alone. A staggering 77% of Americans don’t have enough money to cover one month of expenses. A recent survey by Forbes Advisor shows a staggering 40.7% of respondents find themselves in this precarious financial situation. Even households with six-figure … Read more
The National Institute on Retirement Security is ringing the alarm on the upcoming silver tsunami. Most Americans will not have enough money for a financially secure retirement, and they are worried about it, was the testimony of Dan Doonan, executive director of the National Institute on Retirement Security (NIRS), at a hearing before the Senate … Read more