Personal Finance

Investors should examine their portfolios closely for gains, particularly with the S&P 500 on a record streak. That includes taxable investments such as mutual or index funds, according to Michael Krol, head of wealth advisors, planning and business development at Waldron Private Wealth, a wealth management firm in Bridgeville, Pennsylvania. “What happens is everybody is
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Americans, in general, are putting a greater emphasis on savings. For millennials, in particular, it’s a way of life. The majority, or 60 percent, of 18-to-36-year-olds who have reeled in their spending, did so in order to save more money, according to a Bankrate.com report released Tuesday. That’s in contrast to previous years, when stagnant
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Retirees who want to know how much their Social Security cost-of-living adjustment will change their benefits should check their online statements come December. The Social Security Administration unveiled its cost-of-living adjustment, or COLA, for 2018 earlier this month. The 2 percent increase for next year marks a significant jump over last year, which was just
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Private-sector employees offered retirement savings plans to about 63 percent of working-age people in 1999. By 2016, that had only inched up to 66 percent, the report said. In 2015, defined-contribution plans such as 401(k)s, along with individual retirement accounts, held about $12.6 trillion in assets, compared with the $2.9 trillion in traditional pensions, which
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“There’s a vision that if you’re a successful freelancer, you’ll be sitting on a glorious beach somewhere, drinking margaritas, making millions of dollars,” Maplesden said. “But you can’t escape work.” It took him a few years to start making six figures. Many of his first efforts, such as selling poetry online, failed. “You need to
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