The gap between the sexes may be shrinking when it comes to financial savings; however, women are still the ones who are lagging behind. Financial Finesse released a study which showed that there is a 26% gap between men and women in terms of savings. That being said, both of the sexes are said to have a shortfall that will be relative to what they will require during retirement. This …

The current average income of young Americans is somewhat a depressing aspect of this generation. The retirement plans are a far cry from what 60 year olds are successfully reaping right now, and to top that off, the rate of employment among millennials is falling. This is creating an extremely bleak trend line on the charts. Bloomberg recently conducted a poll of Americans aged between 18 and 35. 47% of …

With so many things that you need to catch up on by the end of the year, taking time to sit down and take a look at your finances is probably something most of us would like to steer clear of. But you might have some tax deductions that you would be a fool to ignore or maybe you have more figures in your savings account than the number showing …

The market is filled with plenty of apps nowadays that keep a check on people’s income and spending, and automatically transfer their wealth into their savings accounts. Most users of such applications are estimated to be 27 years old. Just debating mentally over what to do with those last few dollars that you do not need to spend is energy and time misspent. Here are some of the misconceptions and …

MyRa (short for My Retirement Account) is Obama’s retirement account which is being dubbed as a guaranteed return generator. The program was launched nationwide in the beginning of November. This government supported plan is one of the options for many people who do not have a savings plan for retirement. MyRa accounts can be opened by anyone earning a salary of lower than $131,000 or $193,000 if they prepare taxes …