Tag: personal finance

Millions of Americans earning $100K are living paycheck to paycheck: survey

More than half of Americans earning six-figure salaries admitted they were living paycheck to paycheck last year as high inflation slammed households, according to an alarming study released this week. As of the end of December, 51% of Americans with $100,000 or more in annual income said they lived paycheck to paycheck, according to the …

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Should I claim Social Security at 62 and invest it or wait until 70?

Choosing when to claim Social Security is a major financial decision that will affect your finances for the rest of your life. So, when’s the best time to start collecting for the best return? The short answer is wait until 70 to claim Social Security. The long answer is that claiming as early as possible …

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Home prices to tumble over 25% from peak levels in ‘overheated’ markets, says Goldman

Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels. Metro areas included in their forecast were San Jose, Austin, Phoenix and San Diego, according to a new home-price outlook from a Goldman research team led by Lotfi Karoui. Some of the markets at …

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How to Calculate Your FIRE Number to Retire Early

Photo: Maridav (Shutterstock) When most people plan for retirement, they’re making plans around their 67th birthday. Proponents of the FIRE movement, however, believe that retirement can be achieved decades earlier than the official retirement age. Here’s what to know about the elusive promise of Financial Independence/Retire Early and what it takes to reach financial freedom …

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Retirement savings changes may soon take effect. Here’s what it would mean for you

Editor’s Note: This an update of a story that originally published on December 8, 2022. New York CNN Business — There may soon be new retirement rules in place that could make it easier for Americans to accumulate retirement savings — and make it less costly to withdraw them — if lawmakers pass a major …

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