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A boomer living on $2,400 a month is waiting 8 years to collect maximum Social Security benefits, even though she's struggling to get by

Fri, 07/19/2024 - 10:19

Tech Insider : Economy, Economy

An older woman sitting outdoors — Diane Williams, 62, (not pictured) doesn't have enough savings to retire.
Image Source / Getty Images

economy, finance, economy, finance, Retirement, social-security, 401k-account

How 4 Gen Zers are reaching financial independence

Mon, 07/15/2024 - 16:15

Tech Insider : Economy

Cody Berman (left), Jubilee Bosch (center), Amber Smith (right) — Cody Berman (left), Jubilee Bosch (center), and Amber Smith (right) have all followed many principles of the FIRE — financial independence, retire early — movement.
Cody Berman/Jubilee Bosch/Amber Smith

economy, finance, fire, financial-independence, financial-independence-retire-early, retire-early, Retirement

A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'

Sun, 07/14/2024 - 06:03

Tech Insider : Economy, Economy

An older man walking on a hiking path — George Dziamniski, 62, (not pictured) lives off his Social Security income and part-time paycheck from Walmart.
Westend61 / Getty Images

economy, finance, economy, finance, Boomers, social-security, Savings

A boomer who lives on Social Security worries she won't get hired because she can't afford a car: 'I don't even have $1 in my wallet.'

Fri, 06/14/2024 - 06:03

Tech Insider : Economy, Economy, Politics

An older woman sitting on a bench, facing away from the camera — Virginia Hambrick, 66, (not pictured) and her husband live on her $1,615 monthly Social Security income. They struggle to afford basic necessities like rent, groceries, and healthcare.
blackCAT / Getty Images

economy, finance, economy, finance, social-security, Boomers, Retirement

A baby boomer who saved over $2 million for retirement explains what he thinks he did right to make the system work for him

Wed, 06/05/2024 - 04:31

Tech Insider : Economy, Economy

retired couple relaxing in the backyard — Mark (not pictured) is enjoying a comfortable retirement.
Karl Hendon/Getty Images

economy, finance, economy, Retirement, retirement-advice, retirement-budget, retirement-benefits

A boomer couple lives on Social Security and receives $23 a month from SNAP for food: 'How are we to survive?'

Sun, 06/02/2024 - 06:03

Tech Insider : Economy, Economy, Politics

Older adult couple facing away from the camera — Mary Dacus, 69, said she and her husband (not pictured) live off their Social Security income.
Image Source / Getty Images

economy, finance, economy, finance, politics, Retirement, social-security

Meet the wealthy millennials who want FI, but not RE

Fri, 05/24/2024 - 09:19

Tech Insider : Economy

Shelly October, Gabriela Ariza, Oz Chen — Shelly October, Gabriela Ariza, and Oz Chen are all set to achieve financial independence in the next few years but don't want to retire early.
Shelly October, Gabriela Ariza, Oz Chen

economy, finance, financial-independence, financial-independence-retire-early, 9-to-5, Retirement, 401k-account

I quit a comfortable tech job to launch a startup. Moving back in with my mom was humbling, but now I make $400,000 and travel all the time.

Mon, 04/29/2024 - 05:05

a man stands in a red coat in front of a volcano — Gene Caballero is one of the cofounders of GreenPal.
Gene Caballero

Careers, BI-freelancer, dell, lawn-care, grass, as-told-to, Startup

Why saving for retirement has never felt scarier — or more confusing

Tue, 04/09/2024 - 05:27

Tech Insider : Economy

An empty savings jar with a label that says — Instead of a golden sunset to look forward to, retirement has become anxiety-inducing for many Americans.
iStock; Rebecca Zisser/BI

economy, Discourse, finance, 401k-account, Pensions, social-security, Retirement

The stock market is sending retirement account balances soaring. Here's why experts say retirees still need to tread carefully.

Sat, 03/30/2024 - 08:31

Tech Insider : Economy

sad older man looking through the window in retirement — Westend61/Getty Images

Markets, economy, mi-exclusive, retirement-crisis, 401k-account, 401-k-millionaire, old-people

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