How to find a great career in your golden years

How to find a great career in your golden years

Retirement is not what it used to be. Whether by choice of necessity, many Americans anticipate extending their working years, according to recent research from the Transamerica Center for Retirement Studies. A majority of workers said they expect to stop working sometime after age 65 or never retire at all, the research found. A separate … Read more…

How student debt came to define people's lives in the 2010s

How student debt came to define people’s lives in the 2010s

Monthly student loan payments can dictate when people have children and how much they’ll retire with. Pat Greenhouse | Boston Globe | Getty Images Student loans have become a defining feature of American life. It was 10 years ago that education debt eclipsed credit card debt. The next year, in 2011, it exceeded auto debt. … Read more…

Congress approves major changes to how you save for retirement

Congress approves major changes to how you save for retirement

The biggest legislative changes to America’s retirement system in 13 years are on their way. On Thursday, the U.S. Senate approved a spending bill that includes the bipartisan Secure Act, which aims to increase the ranks of retirement savers and the amount they put away. The measure — which passed the House earlier this week … Read more…

How to save $2 million before you retire, broken down by age

How to save $2 million before you retire, broken down by age

Almost a quarter of Americans have less than $5,000 saved for retirement. And to someone with no savings and an annual salary of $75,000, the idea of putting away $2 million for retirement can seem like an impossible goal. It can be done, however, it will take time and dedication. As a rule of thumb, … Read more…

This is the Social Security scam you don't want to fall for

This is the Social Security scam you don’t want to fall for

For many people, it’s a call they’re not expecting. An unknown caller tells you that your Social Security number has been suspended or cancelled. If it happens to you, it’s likely the latest iteration of a robocall scam the IRS warned individuals about earlier this year. Still other calls try to convince people to pay … Read more…

Nearly 80% of employers think workers' finances are out of whack

Nearly 80% of employers think workers’ finances are out of whack

Woman contemplating while sitting next to a jar full of dollar bills. Getty | JGI/Jamie Grill The vast majority of employers think workers are struggling to manage their personal finances. And while bosses are doing more to help alleviate their financial struggles, companies are still falling short. Nearly 8 in 10 employers offering a workplace … Read more…

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As baby boomers retire, Main Street could face a tsunami of change

Geri Lavrov | Getty Images Baby boomer business owners, retiring in record numbers, are fueling a dramatic paradigm shift on Main Street, and many are at a crossroads, trying to figure out if they should sell their business or pass it along to a successor. Boomers own 2.34 million small businesses in the United States, … Read more…

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Financial advisors hire young talent for their business to thrive

Jordan Siemens | Getty Images When Tara Unverzagt started her own financial planning firm, South Bay Financial Partners, in 2014, she already had a head start. That’s because Unverzagt’s mother, Janet Tussing — one of the first female certified financial planners — was retiring and passed along her book of business. Those clients ranged from … Read more…

Catch Me If You Can's Frank Abagnale says every scam has 2 red flags

Catch Me If You Can’s Frank Abagnale says every scam has 2 red flags

Americans lost almost $1.5 billion to fraud in 2018. That’s $400 million more than 2017, according to the FTC’s Consumer Sentinel Network. The 71-year-old Abagnale is a reformed con artist and author of “Scam Me If You Can.” He was famously portrayed by Leonardo DiCaprio in the 2002 movie “Catch Me If You Can.” He … Read more…

This NBA financial detective protects players from investment fraud

This NBA financial detective protects players from investment fraud

Professional athletes lose a lot of money to fraud. Research from Ernst & Young estimates the losses at almost $600 million from 2004 to 2018. And those are just the amounts publicly claimed by athletes. David Byrne wants to help change that. As a lifelong sports enthusiast and Washington Wizards fan, Byrne started BrightLights after … Read more…