The Best Way to Boomerang Back to Your Old Job
With a tight labor market and an unemployment rate floating around 3.7 percent, there are signs that some employers facing worker shortages are more willing to rehire their retirees or other former employees. Executive-level retirees have always been sought after to boomerang back to former employers as troubleshooters. What’s different today is that there are […]
Why Young Women Can’t Ignore Saving for Retirement
For Lindsay Corner, 25, saving for retirement has a greater urgency than for many of her peers. “None of my girlfriends talk about it, but I feel fairly confident about managing money and finances,” Ms. Corner said. “I learned about it from my parents and, in college, I studied accounting and finance and took a […]
How Freelance Workers Can Manage Their Money Wisely
Fluctuations in pay make it tricky to set aside the correct amount for your yearly tax bills. When I filed my 2017 taxes last month, I was reminded what a scramble that process can be for freelancers like me. It’s not uncommon for self-employed workers to have to write big checks in April to cover […]
The Confident Wallet: Closing In On Retirement
Closing in on retirement 23:25 In this episode of The Confident Wallet™, a personal finance podcast series from The Washington Post BrandStudio and T. Rowe Price, host Lynnette Khalfani-Cox calls on experts to talk about planning for people nearing retirement. Khalfani-Cox, who’s also known as The Money Coach®, is joined by guests Kerry Hannon, AARP’s […]
Gaining The Benefits of an Aging Workforce
Robert Metoli, 57, spent eight years as a skilled technician setting up the machines on the factory floor at Lee Spring, a small firm based in Brooklyn that makes coils to be used in a variety of objects, including cellphones, eyeglasses, rockets and robots. It took a toll. Mr. Metoli’s back started bothering him, and his […]
When Will You Retire?
When retirement expert Kerry Hannon speaks to audiences around the country, she can see “the palpable fear in their eyes.” “They’re going to outlive their money,” she said. “A lot of people have not saved for retirement (and) they need to work.” Source: 2016 Retirement Confidence Survey People are living longer than ever and saving less during their […]
5 Books to Gift People Who Want to Work After Retirement
With the holiday season upon us, here are a few new reads from 2017 (and one from 2016) that could make great gifts for the hard-to-buy boomers on your shopping list: Design Your Life: How to Build a Well-Lived Joyful Life by Bill Burnett and Dave Evans is based on the authors’ wildly popular course on how to […]
5 Reasons to Find a Money Mentor
When I was 30, I quit my job in New York City and moved to Washington D.C. for a new and improved one. The bad news is, I cashed out the funds I had saved for five years in my employer’s tax-deferred retirement plan. I of course had to pay the taxes and the penalty […]
Smart Ways Entrepreneurs Can Save for Retirement
One of the toughest things to do when you’re a woman running your own business is to save for retirement. Even 15+ years in as a solo entrepreneur, I wrestle each year at tax time to let go of the maximum amount my accountant determines I can sock away for what could be 20 or […]
The Psychology of Wealth: How Much is Enough?
Thomas Gallagher, 72, is a multimillionaire, but he is still nervous about money. “I have more money than I had ever imagined, but I still worry — do I have enough, if I live longer than I thought?” When Thomas Gallagher was 17, he worked as a clerk on the floor of the New York […]
