Money, Wealth & Power—A Daily Look at the Financial World
Portugal’s Silver Coast has quietly become one of Europe’s most compelling retirement choices, combining Atlantic scenery with practical advantages that matter on a fixed income. From a cost of living that undercuts major U.S. cities by as much as half to easy access to healthcare, culture, and international travel, it offers a lifestyle that is…
America’s housing market is colliding with its tax code in a way that quietly shapes how older owners live and die. For many baby boomers, the most valuable asset they hold is the family home, and the rules around capital gains and inheritance are nudging them to stay put until death so their children can…
Starting in 2026, a quiet line in the tax code will flip the script on how many older, high earning workers save for retirement. Instead of steering extra 401(k) dollars into pre tax accounts, a new rule will push a large slice of catch up contributions into Roth territory, changing when you pay the IRS…
For decades, conventional wisdom has told workers to aim for 80 percent of their pre-retirement income if they want to maintain their lifestyle after they stop working. New research, shifting spending patterns and a changing economy are now calling that benchmark into question, suggesting it can be both too high for some households and dangerously…
Retirement planning has long revolved around the “4% rule,” the idea that new retirees can safely withdraw 4% of their portfolio in the first year and adjust that dollar amount for inflation thereafter. Now William Bengen, the financial planner who originally popularized that benchmark, says his latest research supports a higher starting rate of about…
Millions of Americans are racing toward retirement with a blind spot that could cost them years of financial security, and Dave Ramsey is warning that nearly half are on the verge of a serious misstep. His core message is blunt: if you treat retirement like a finish line instead of a long, expensive phase of…
For many savers, a $3 million retirement portfolio sounds like a distant fantasy, yet it is exactly the kind of target Dave Ramsey urges people to chase so they can live on investment growth instead of slowly draining their accounts. His approach pairs aggressive saving and investing with an equally aggressive rule for how much…
Millions of Americans go to work each day without any way to save for retirement through their employer, even as longer lifespans and rising costs make personal savings more critical than ever. Roughly 56 million workers are effectively shut out of workplace retirement plans, leaving a large slice of the labor force to navigate complex…
Lawmakers are quietly debating some of the biggest shifts to workplace retirement plans since the last major overhaul, and the outcome could reshape how millions of Americans save for old age. Proposals moving through Congress would tweak everything from automatic enrollment and employer matches to catch-up contributions and emergency access, with the potential to change…
In 2025, the number that once sounded like a fantasy retirement target now looks uncomfortably ordinary. Personal finance expert Suze Orman is warning that $2 million in savings can amount to “chump change” for a long retirement, especially as prices, healthcare bills and lifestyle expectations keep climbing. I want to unpack why that benchmark has…