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from24/7 Wall St.
1 day ago

Americans 55+ Have $500K Saved , But Need Twice That to Retire

Americans are watching their 401(k) balances tick upward and feeling a false sense of security. The numbers look good on paper, but beneath the surface, a dangerous illusion is taking hold. While account balances grow nominally, the actual purchasing power needed for retirement is slipping further out of reach. The disconnect starts with savings behavior. Over the past 16 months, the personal savings rate has collapsed from 6.2% in Q1 2024 to just 4.2% in Q3 2025.
Business
#retirement-planning
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Retirement
from24/7 Wall St.
2 days ago

50+ Americans Have $50K Saved. They Need 20x That to Retire

Many Americans over 50 have under $50,000 saved, a sum that will be insufficient due to high services inflation, rising healthcare costs, and low savings rates.
Business
from24/7 Wall St.
1 week ago

The Dave Ramsey Rule Most Americans Break, And Why It's Costing Them

Americans are spending faster than income growth, eroding savings and long-term wealth while increasing reliance on high-cost consumer debt.
Retirement
from24/7 Wall St.
2 weeks ago

Suze Orman: Stop Doing This One Thing or Your Social Security Check Won't Last

Discretionary daily spending—especially dining out and coffee—can consume over a quarter of average Social Security benefits, jeopardizing retirement financial security.
Retirement
fromFast Company
1 month ago

How to do an in-depth portfolio review with these 8 steps

Conduct a staged, comprehensive portfolio review: gather documents, evaluate savings and withdrawal rates, rebalance asset allocation, and maintain adequate cash reserves.
Real estate
fromBusiness Insider
1 month ago

Saving for a down payment is getting easier. Here are 8 markets where it takes under 5 years.

The typical household needs seven years to save for a home down payment in 2025, roughly double the pre-pandemic timeline.
Business
from24/7 Wall St.
3 months ago

I'm 29 with $45k in my 401k and the calculators are telling me I'll have $4 million by the time I'm 65 - is that really accurate?

Consistent 401(k) contributions and compounding can build millions by retirement, but inflation will reduce the real value of that sum.
fromFortune
4 months ago

The U.S. economy is running even hotter than previously thought, and GDP growth could reach 4% in Q3 | Fortune

Meanwhile, third-quarter growth is shaping up to be hotter. Durable goods orders for August jumped more than expected, according to data released on Thursday. And the personal income and spending report on Friday showed consumption remained healthy in August while also topping forecasts. Given that consumer spending represents over two-thirds of the U.S. economy, the gains more than offset weakness in housing, which remains buffeted by high home prices and mortgage rates.
US news
#financial-independence
fromIndependent
5 months ago
Retirement

Michael Houghton: 'One of the real joys of becoming financially secure is reaching a point where payday no longer defines your month'

fromIndependent
5 months ago
Retirement

Michael Houghton: 'One of the real joys of becoming financially secure is reaching a point where payday no longer defines your month'

more#financial-independence
fromIndependent
6 months ago

Michael Houghton: From fees to uniforms, here's how we deal with the cost of back-to-school expenses

In 2019, I embraced the FIRE movement and reduced my work hours to enjoy more time freedom while living on a strict budget.
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