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Most Adults Fail This 5-Question Quiz on Retirement Basics
Think you know your stuff when it comes to retirement? Big if true, because according to a recent report, the average U.S. adult cannot pass a short retirement fluency test. TIAA Institute, a think tank within the financial services company TIAA, distributed a five-question quiz on retirement basics to nearly 4,000 adults in January — and on average, respondents scored just 40%.
American Precious Metals Exchange (APMEX) Review
After setting a record high at the end of last year, the price of gold once again hit an all-time high in April. Amid the surge in prices, investors are showing renewed interest in the precious metal, which can be used to diversify portfolios, hedge against inflation and provide peace of mind as an asset that retains its value better than other asset classes.
How to Check Crime Rates in an Area
Being aware of the crime trends where you live can mean the difference between successfully or unsuccessfully preventing or managing incidents if they happen in your home, as well as deciding on moving into a community or not. It can also help you determine if you need a security system and the type that would be most appropriate for your home.
Bitcoin Halving: 4 Things That Will Happen After This Week's Big Crypto Event
Experts have debated the future of bitcoin since the first institutional money began trickling into the cryptocurrency market. Regardless of whether people are bullish or bearish on the digital currency, it's clear that investors are still excited about the opportunities it presents. And the next of those — the bitcoin halving event slated for this week — is keeping that excitement high.
Americans Say They Won't Start a New Job Unless It Pays Nearly $82,000
Americans now require more money than ever before to accept a job offer. On average, the lowest salary U.S. job seekers are willing to accept in order to take on a new job is $81,822, according to new data from the Federal Reserve Bank of New York. This reading of the so-called “reservation wage” is the highest in the survey’s 10-year history.
High Auto Insurance Prices Drive People to Switch Policies — and Even Return Cars
A 22% year-over-year increase in auto insurance costs is pushing more car owners to shop around for cheaper policies — or sometimes to take even more drastic measures. More customers are shopping around and switching auto insurance companies so far this year, indicating that folks are finding better — or cheaper — alternatives to their previous insurers, according to a new report from J.D. Power and TransUnion.
Most Older Investors Say Retiring at Age 65 Is No Longer Feasible
Most investors approaching their retirement years say that a traditional retirement won’t be possible for them. That’s according to a survey of 2,000 investors polled in January by Nationwide Mutual’s retirement research institute, which found that a majority of investors between 55 and 65 years old said they won’t be able to stop working at 65. Most also said they expect to face more challenges in retirement than past generations.
How to Get a Personal Loan With a Cosigner
Adding a cosigner to your personal loan application could significantly improve your chances of approval, especially if your cosigner has a strong credit history. A cosigner could also help you qualify for a lower interest rate and a larger total loan amount. However, a personal loan with a cosigner is...
Young Adults Are Trying to 'Hack' Their Way to Financial Stability
From the lack of affordable housing to the cost of higher education, members of the millennial and Gen Z generations face a slew of obstacles to building personal wealth. A recent report shows that many of them are trying to “hack” their way to their financial goals as a result. Insurance marketplace Policygenius surveyed roughly 4,000 U.S. adults in October, finding that millennials and Gen Zers are employing creative strategies, some popularized by social media, in an attempt to get a financial foothold.
From Hot Dogs to Gold Bars: Costco's Latest Offering Is a Huge Hit
The Costco shopping experience is now a global phenomenon, with consumers now able to enjoy the wholesale chain's bulk-shopping discounts and $1.50 hot dogs across the U.S. and in places like Taiwan, Japan and Australia. The company continues to shake up that experience, too. Not only does it manufacture many...
The Best Week to List Your Home for Sale Is... Right Now
Above-average home prices plus faster sales make this week of mid-April the best time of year to list a home. That’s according to a report from Realtor.com based on an analysis of housing market data since 2018. (The report excluded data from 2020 because the pandemic caused abnormal activity in the housing market.)
Why Stocks Could See a Bump Right After Tax Day
Investors, take note: The stock market could be in for a nice short-term bump. Data from Bespoke Investment Group shows that Tax Day historically tends to precede a week of healthy performance for stocks. What the data says. New Bespoke Investment research suggests a tendency for stocks to perform weaker...
Americans Have Never Been So Far Behind on Their Credit Card Bills
A new report from the Federal Reserve Bank of Philadelphia provides a glimpse into how Americans are dealing with credit card debt — and the picture is pretty bleak. The phrase “series high” appears again and again throughout the short analysis, underscoring the fact that credit card balances, delinquencies and utilization rates have reached the highest levels since the Philadelphia Fed began tracking this data in 2012.
How To Put Out a Grease Fire
Research conducted by the National Fire Protection Association (NFPA) reveals that an overwhelming amount of home fires originate in kitchens, the leading cause being cooking. Among kitchen fires, grease and oil fires are among the trickiest types to extinguish because of their properties and the risks they pose. Read our guide to learn how to put out a grease fire, including what you can use, safety measures you should take, and more.
Carbon Monoxide: What You Need to Know
Carbon monoxide, commonly known as CO, is a colorless, odorless gas. CO is poisonous for humans and contributes to about 2,000 deaths a year in the US. It is most commonly created by combustion reactions and negatively contributes to climate change. The dangers of carbon monoxide should be taken seriously but can be easily addressed with the proper tools and preparation.
Identity Theft: Who's at Risk and How It Affects Their Lives
Having your identity stolen can be bad news for both your finances and your overall well-being. The consequences can include fraudulent credit applications, emptied bank accounts and months spent repairing your reputation — not to mention upsetting your emotional equilibrium. Identity theft involves scammers stealing personal identifiable information and...
What Is the Great Wealth Transfer? (And How Could You Benefit?)
The U.S. is currently undergoing what financial experts call "the great wealth transfer," in which a colossal amount of assets is changing hands — and setting off a major chain reaction. According to a report from Cerulli Associates, over $84 trillion (with a T) will switch ownership through 2045....
Dollar Scholar Asks: When Can Debt Be a Good Thing?
This is an excerpt from Dollar Scholar, the Money newsletter where news editor Julia Glum teaches you the modern money lessons you NEED to know. Don't miss the next issue! Sign up at money.com/subscribe and join our community of 160,000+ Scholars. Jumbo shrimp. Same difference. Good morning. These are some...
Discounts on Electric Vehicles Are Ramping up as Sales Slump
Electric vehicles are selling slowly so far in 2024 in a disappointment for automakers that were betting on a faster pace of adoption. In response, manufacturers like Ford are cutting sticker prices on EVs by thousands of dollars, and the industry is offering large incentive deals to try to tempt more buyers.
10 U.S. Cities Where Home Prices Have Doubled the Fastest
Remember when the average home price was about $300,000? It was only a decade ago — and in many markets, prices have grown at an even faster clip to reach today's highs. A recent analysis by real estate marketplace Point2Homes found that in just a few years, prices have doubled in most of the 100 largest cities in the U.S. In fact, home prices have risen more quickly in recent years than ever before thanks to the era's challenging market conditions.
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