More Americans are Using Retirement Savings to Cover Expenses

Twenty-twenty has taken its toll on the average retirement savings, according to a new study by Kiplinger’s Personal Finance magazine and Personal Capital, an online financial advisor. More than half of Americans are dipping into their savings, with 60 percent using their IRAs and 401(k)s to get them through the difficulties they are facing from […]

The post More Americans are Using Retirement Savings to Cover Expenses appeared first on The Simple Dollar.

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3 Ways to Beat Debt Burnout

Paying off debt with “gazelle intensity” is a great way to get rid of debt quickly. Cutting your budget to a nearly bare-bones level and working hard to increase your income, speed up debt payments and save up for retirement … Continue reading →

The post 3 Ways to Beat Debt Burnout appeared first on SmartAsset Blog.

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Dear Penny: How Do I Save for Retirement on a Teacher’s Salary?

Dear Penny, I’m 51 years old and don’t have a large nest egg. I’m a single parent with three kids. I’m a second career middle school teacher, so there is not a lot of money left over each month.  How much money should I be saving to be able to retire in my 70s? Where […]

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