Don’t Bank on Your Business to Fund Your Retirement

Retirement can loom like a dark cloud for small-business owners. Many invest blood, sweat and tears — and every penny — into building their business but never set cash aside for the future. A huge number of entrepreneurs have reported putting aside no retirement savings at all. For some, selling the business is their only retirement … Continued

What to Do With Extra Money

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Despite the massive economic toll the coronavirus pandemic has wreaked on many people, others may have added some unexpected cash to their bank accounts. … Continued

3 Ways Millennials Are Getting Money Right

Read almost any article about millennials and you’ll come away with the distinct impression that this generation is royally screwing up. That they’re suffocated by student debt. That they spend frivolously. And that they’re behind on everything from owning a home to starting a family. Don’t buy into all the gloom and doom. Millennials are … Continued

5 Financial Tasks You Should Tackle by Year-End

A task without a deadline is just wishful thinking. Sometimes, you can get away with procrastinating. If you never get around to alphabetizing your spices, no one’s life will change. But putting off some tasks could have a huge impact on loved ones. The close of the year is a good time to set some … Continued

Vanquish 5 Common Financial Fears

Fear can consume you. The anxiety of the unknown can drive you to pull the blanket over your head, whether you’re worried about a rustling sound outside your bedroom window or that you won’t have enough retirement savings. Financial fears — not wanting to check your credit, confront your debt or even discuss your student … Continued

What Millennials Get Wrong About Social Security

Few issues unite millennials like the future of Social Security. Overwhelmingly, they’re convinced it doesn’t have one. A recent Transamerica survey found that 80% of millennials, defined in the survey as people born between 1979 and 2000, worry that Social Security won’t be around when they need it. That’s not surprising — for years, they’ve … Continued

Will You Be a Scam Artist’s Next Target?

Believing that fraud can’t happen to us — because we’re too smart, logical or informed — may make us more vulnerable. Successful scam artists skillfully overcome our defenses and get us into emotional states that override logical thinking, says Kathy Stokes, AARP’s director of fraud prevention programs. “Scammers call it getting the victim under the … Continued

Stressed to Pick the Best? Try ‘Good Enough’ Money Decisions Instead

Sometimes good enough is good enough. In a world of information overload, it’s common to feel angst when making choices. You never know whether you’re making the best one. Call it optimizer guilt. And it can be especially prominent in choosing financial products, which can be opaque and confusing: Do I have the best credit card? What … Continued

Yes, You Should Ask Your Parents About Their Financial Plans

Parents are often more than happy to offer financial advice to their kids. They like to feel needed and want to make sure you’re on solid financial ground. But it’s important to turn the tables and ask about their financial plans, too. Are they saving for retirement? Have they updated their will? What’s their plan for … Continued

If You’re Expecting a Tax Refund, Make a Plan to Grow It

Hiding your income tax refund in your sock drawer may feel handy, and locking it in your safe may feel secure, but putting it in the right savings or investment vehicle will make it grow. Americans expecting a refund on their 2018 federal income taxes anticipate they’ll get $1,861 back, on average, according to a new … Continued