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Planning My Financial Future

As a college student at the University of Cincinnati, Williams used her eight cards to purchase “silly stuff—food, pizza, clothes. I crapped away $5,000,” says Williams, now 33.

Don’t Run Out of Money in Retirement

According to the Employee Benefit Research Institute, “early” baby boomers, meaning people 58 to 64, have a 44% chance of not having enough money to pay basic retirement costs and uninsured medical expenses. “Late” boomers, ages 48 to 57, and Generation X workers, ages 38 to 47, have about a 45% chance of running short, the study concluded. Taking the time to set up a good strategy and plan for your retirement can be your best ally. A lousy plan could destroy your chance of a decent and secure retirement, notes Clyde Anderson, a financial lifestyle coach.

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