Financial Planning

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#1 Reason for Tapping Retirement Savings Early

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Most people know it's not the wisest idea to borrow or withdraw money from your retirement fund before you retire. And yet 29% of Americans have taken out a 401(k) loan, according to a study from TIAA-CREF Financial Services, and of those who have borrowed from their 401(k), nearly half have taken out two or more loans….

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Women, Divorce and Retirement

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While the divorce rate peaked in 2000 in the U.S., the financial costs continue to be high. Furthermore, a divorce has a huge impact on the respective spouse’s retirement prospects, with divorced women usually left with less financial security than their male counterparts….

The #1 Reason People Give for Saving Money is…

When it comes to saving money, seeing the world is the No. 1 priority for Americans, according to a new survey by SunTrust Banks. It was recently revealed that 45 percent of Americans save their money for travel, surpassing saving money for emergency savings, retirement, buying a house and buying a car/truck/motorcycle….

Moms Take the Lead in Teaching Kids to be Financially Savvy

According to a recent survey sponsored by investment company, Capital Group, large numbers of American adults say they wish someone would have shared advice with them about saving for retirement and retirement accounts when they were children or young adults….