With the uncertainty of the stock market, it’s nice to have Social Security there for retirement. But Social Security’s very own board of trustees said that unless changes are made, it could be depleted by the year 2033.
A new study finds we’re not saving nearly as much as we should or could. Interest.com looked at typical household spending in the Twin Cities and subtracted it from the area’s media after-tax income.
One of the biggest things couples fight about is money. A recent study by Harris Interactive for the American Institute of CPAs found the three biggest money-related arguments: wants vs. needs, unexpected expenses and insufficient savings. So that had us wondering: Should men and women have separate bank accounts? According to Nicole Middendorf, financial analyst and CEO of Prosperwell Financial, the answer is usually ‘yes.’ “Because, otherwise, I tend to find people fight too much,” she said. “We are generally so busy in our lives that we don’t take the time to communicate, especially about something that’s not fun to communicate about.”
Managing money is the top thing couples fight about. And research shows that men and women have different habits, different styles of dealing with money.
The saying used to be “Money doesn’t grow on trees, kids.” Now, it’s more like, “Mom and Dad’s money just doesn’t pop out of the ATM.”
Financial advisor Nicole Middendorf, CEO of Prosperwell Financial, says the biggest questions she getting about the upcoming “fiscal cliff” is “should I be doing something?”
There’s nothing sexy about saving for retirement. We all know we should be doing it, but with monthly and weekly financial obligations, it can be hard to start saving for what can be an intimidating and distant target.