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Yahoo MoneyExpert explains the ‘dirty secret’ when it comes to retirement and women
The retirement crisis is worse for American women, according to one expert, because they have longer lives, make less income than men, and take on additional responsibilities during their lives that disrupt their savings.
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7 places in the US that will pay you to move there
If you’re interested in ditching the pricier coasts, here are some locations in the U.S. paying people to move there.
- Cashay
Ask the expert: How to 'spring clean' your finances
One financial expert says that now's the season to sort through your personal finances, purge old documents, and right-size your budget. Here's his advice.
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Retirement expert details ‘3 things you got to do’
“There are essentially three things you got to do to prepare for retirement,” Caroline Bruckner, Kogod Tax Policy Center’s managing director, recently told Yahoo Finance Live.
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Government program provides up to $9,000 for COVID-related funeral costs
FEMA on Monday opened its COVID-19 Funeral Assistance Line Number to pay back funeral expenses for COVID-19 deaths dating back to Jan. 20, 2020.
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Car rental shortages frustrate lockdown-weary travelers
Major cities are selling out of cars for entire weekends, according to data from AutoSlash, and what limited availability remains is going for steep rates.
- Cashay
Ask the expert: Here's how women can empower their personal finances
Part of female empowerment begins with personal finance, according to one expert.
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Hunger in America drops to lowest point in the pandemic
About 18.4 million — or 8.8% American households — reported there was either sometimes or often not enough to eat. That was down from 10.7% in the first half of March.
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'A wake-up call:' It took a pandemic to convince many Americans to save for an emergency
Nearly two-thirds of investors with no emergency fund said they have or planned to sock away savings for the unexpected because of the health care crisis.
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These states get the most out of taxpayer dollars
Red states have a lower tax burden than blue states, a new report from WalletHub found.
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1 in 4 Americans have no retirement savings — and those who do aren’t saving enough
One in 4 Americans have no retirement savings, and those who are saving, aren’t saving enough.
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Smartphone data highlights how Americans coped with the pandemic-induced recession
Where smartphone users spent their time throughout the pandemic is an indication of the shared financial hardship experienced by Americans.
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Newly retired Americans are moving to these cities
Though retirees typically seek sunshine and low-income taxes, a new study found that seniors’ long-standing love with states like Arizona and Florida might be fading as more flock to larger cities.
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5 common misconceptions Americans have about retirement
From knowing how much to save to how much to withdraw, here are five common retirement misconceptions shared by Americans, according to a study from Fidelity.
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Retirees who pay the most in taxes make only $36,000 a year on average, study finds
The highest quintile pays 11.3% on their retirement income, while the top 5% is taxed at 16.4%, and the top 1% is taxed at 22.7%, according to the analysis.
- Yahoo Money
Retirees still have to pay 'hidden' taxes on Social Security, expert says
Many Americans are surprised to learn that Social Security benefits can be taxed during retirement, according to one expert.
- Cashay
Here's how your retirement income is taxed
Knowing the role taxes play in your retirement is key to planning for those later years, so you're not caught off guard. Here's what to know.
- Yahoo Money
Many Americans need years to get their retirement savings back on track after the pandemic
More than 4 in 5 Americans said the pandemic’s economic fallout affected their retirement plans, according to a new study, with a third estimating they’ll need at least two years to recover.
- Yahoo Money
Americans trimmed credit card debt during pandemic thanks to stimulus
Credit card balances dropped after the pandemic’s arrival and now sit 13% below the pre-pandemic high,
- Yahoo Money
Expert: Many workers are 'on their own' for saving for retirement
For employers with less than 100 employees, offering work-based retirement plans is expensive to include with employee benefits packages.
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