Is there a way to comfortably retire on Social Security alone? | Smart Switch: Personal Finance

(Maurie Backman) The tricky thing about retirement planning is that it’s hard to anticipate what your costs of living will be like 15, 20, or 30 years from now. You may end up spending $1,000 a month on health care due to rising costs and multiple medical issues. Or maybe you don’t even spend half … Read more

Are S&P 500 Index Funds a Good Investment Right Now? | Smart Switch: Personal Finance

(KaileyHagen) The volatility of the stock market has many investors unsure about what to do with their money right now. Even the corporate giants have seen huge swings in their share prices, and there’s no telling when things will settle down again. That said, investing is still one of the best ways to grow your … Read more

Are S&P 500 Index Funds a Good Investment Right Now? | personal finance

(KaileyHagen) The volatility of the stock market has many investors unsure about what to do with their money right now. Even the corporate giants have seen huge swings in their share prices, and there’s no telling when things will settle down again. That said, investing is still one of the best ways to grow your … Read more

2 differences between you and billionaires, and 1 thing you have in common | Smart Switch: Personal Finance

(Maurie Backman) Becoming a millionaire is doable even if you only earn an average income. However, becoming a billionaire is much less likely. But just because you aren’t or won’t become a billionaire doesn’t mean you can’t learn from those who are extraordinarily rich. And while you may not be able to take exactly the … Read more

2 ETFs That Are Everything You Need for Retirement | personal finance

(Chuck Saletta) In 1994, financial planner William Bengen made a compelling case for a very simple withdrawal strategy now commonly known as the 4% rule. His work showed how a diversified investment strategy between common stocks and medium-term Treasuries could help a retiree navigate a 30-year retirement with very little chance of running out of … Read more

The Truth About Leveraged and Inverse Exchange Traded Products | personal finance

(FINRA Staff) Exchange Traded Products (ETPs), including exchange traded funds (ETFs), Commodity Funds, and Exchange Traded Notes (ETNs) are a popular way to invest, with thousands of different products available to meet almost every imaginable investment goal. With such a wide variety of products available, it is important to remember that not all ETPs are … Read more

Why I don’t like online retirement calculators | Smart Switch: Personal Finance

(Maurie Backman) In the course of saving and planning for retirement, you may be tempted to use different tools to see if you’re on the right track. In fact, all you need to do is search for the words “online retirement calculator” and you’ll be presented with a host of free options to determine how … Read more

My stepfather died. He inherited my late mother’s estate and always said he would take care of us in her will. How do you tactfully approach this topic with his children?

Dear Quentin, My old stepfather passed away a month ago. He was married to my mother in Nevada when she passed away 21 years ago. During her marriage, she gave him enough money from her retirement fund to buy and maintain the properties he owned. When she passed away, her property, including her retirement and … Read more

Governors say financial education must extend beyond the school years

Student Olivia Raymond participates in a personal finance course in her high school class in West Orange, New Jersey, in February 2020. CNBC The pursuit of financial education is something that should continue beyond the traditional school years, according to several state governors. “We think it’s an experience of a lifetime,” New Jersey Governor Phil … Read more

Here’s what investors need to watch with fuboTV stock | Smart Switch: Personal Finance

fuboTV (New York Stock Exchange: FUBO) You are in a competitive market. But can the sports-focused streaming platform prevail by adding a sports betting component to its platform? In this clip from “IPO & SPAC Show” on motley fool live, recorded on April 11Motley Fool contributors Nicholas Rossolillo, Danny Vena, and Jason Hall discuss fuboTV’s … Read more

3 ways to clean up your finances this season

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Nothing asks for a better time to get organized than the Spring cleaning station. Rainy … Read more

Why I don’t like online retirement calculators | personal finance

(Maurie Backman) In the course of saving and planning for retirement, you may be tempted to use different tools to see if you’re on the right track. In fact, all you need to do is search for the words “online retirement calculator” and you’ll be presented with a host of free options to determine how … Read more

Before You Claim Social Security Early, Know These Rules | Smart Change: Personal Finance

(Maurie Backman) The decision to file for Social Security is not an easy one to make. That’s because your filing age will impact the amount of money you receive from the program each month. The earliest age you can sign up for benefits is age 62. However, you’re not entitled to your full monthly benefit … Read more

Here’s what investors need to watch with fuboTV stock | Smart Switch: Personal Finance

fuboTV (New York Stock Exchange: FUBO) You are in a competitive market. But can the sports-focused streaming platform prevail by adding a sports betting component to its platform? In this clip from “IPO & SPAC Show” on motley fool live, recorded on April 11Motley Fool contributors Nicholas Rossolillo, Danny Vena, and Jason Hall discuss fuboTV’s … Read more