Senator Elizabeth Warren has raised serious concerns about a recent decision to include cryptocurrencies in 401(k) retirement plans. She believes this could put people's savings at risk. Warren thinks crypto markets are not well-regulated and could be dangerous for those saving for retirement. She and Senator Bernie Sanders wrote a letter to the SEC and the Labor De...
Senators Elizabeth Warren and Bernie Sanders, along with other Democratic colleagues, have expressed serious concerns about the Trump administration's push to include cryptocurrencies in 401(k) retirement plans. They argue that this move could expose millions of Americans to unnecessary financial risks. In a recent letter to key regulatory bodies, the senators highl...
Inflation is like a sneaky thief, stealing from your wallet bit by bit. It's not just about the price of your morning coffee today, but also about how much your money will be worth when you retire. The longer you keep your money idle, the more inflation nibbles away at its value. Different places in the US have different inflation rates. In August 2025, the average ...
Emergency funds act as a safety net, especially for those with unpredictable incomes. They prevent people from dipping into their retirement savings when unexpected expenses pop up. Research shows that having even a small emergency fund can make a big difference. People with at least $2, 000 saved are much less likely to take out loans or withdraw from their 401(k) a...
Health savings accounts (HSAs) and flexible spending accounts (FSAs) are not just for medical expenses anymore. These accounts, which allow people to set aside money for qualified medical expenses, have evolved. Some folks are now using them to pay for preventive health services and wellness products. This includes meal plans, fitness trackers, gym memberships, and e...
The economy is shifting, and not in a good way. A top executive from a major investment firm recently shared his thoughts on the matter. He believes that recent policy changes are causing hesitation among consumers and businesses. This pause in activity is already having a negative impact on the economy. The current administration is making big changes, and it's ...
Did you know that even fast-food workers can retire as millionaires? It's all about saving and investing a portion of your income consistently. Brad Klontz, a financial psychologist, explains that every dollar you earn can be a step towards your "financial freedom. " Karen Wallace, a certified financial planner, adds that saving $1 million might not be as hard as it ...
Ever wondered how much you can sock away for retirement in a 401(k) next year? The Internal Revenue Service (IRS) has some good news! They've just announced new contribution limits for 2025. Starting next year, you can save up to $23, 500 from your paycheck before taxes, that's $500 more than this year. This applies to 401(k)s, 403(b)s, and most 457 plans, as well as...
Bola Sokunbi, founder of Clever Girl Finance, stresses the importance of starting financial planning early. She suggests beginning with your employer's retirement savings option, especially if they offer a match. This allows younger folks to take full advantage of compounding, dividends, and appreciation. "Pay yourself first" is a great habit to get into. Route mone...
For many Americans, the idea of continuing to work well into their 60s or 70s seems like a viable solution to ensure a comfortable retirement. According to a recent survey, nearly 27% of workers plan to work in retirement to supplement their income. However, this plan may be more of a gamble than a guarantee. The reality is that the assumption that workers will be a...