personal finance
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How to save over $1 million for retirement in your 30s
If you’re in your 30s and don’t have much saved for retirement, you’re not alone. As of the fourth quarter of 2023, the median 401(k)...
If you’re in your 30s and don’t have much saved for retirement, you’re not alone. As of the fourth quarter of 2023, the median 401(k) balance for account holders in their 30s was around $20,400, according to data from Fidelity Investments, the nation’s largest 401(k) provider. That’s a far cry from the $1.46 million the... -
Why Don’t We Do What We Know We Should Do With Our Money?
Financial planning is less about knowing what to do and more about doing what we know. Sure, there are a myriad of complexities littered throughout...
Financial planning is less about knowing what to do and more about doing what we know. Sure, there are a myriad of complexities littered throughout the wealth management universe deserving our deliberation and calibration, but I’d be willing to bet that you are already aware of the following list of financial planning “shoulds,” right? You... -
3 Ways The Late Daniel Kahneman Has Improved Your Life (Whether You Know It Or Not)
There are people who change your life because of their proximity to you and yours—and then there are those who change your life without you...
/money, /personal-finance, /retirement, advisornetwork, Investing, money, Personal finance, Retirement, standardAmos Tversky, behavioral economics, behavioral finance, Daniel, Daniel Kahneman, Fast and Slow, Improved, Kahneman, LATE, life, Nudge, personal finance, Richard Thaler, Thinking, Tim Maurer, waysThere are people who change your life because of their proximity to you and yours—and then there are those who change your life without you even knowing they exist. Regardless of which of those categories Daniel Kahneman fits into for you, he’s changed your life, just as surely as he has demonstrably changed mine. Kahneman,... -
How Your Beliefs Can Block Or Unlock Financial Success
I was stuck a few months ago. After the unexpected but welcome blessing of the birth of our healthy newborn (the two older kids are...
/money, /personal-finance, /retirement, advisornetwork, Investing, money, Personal finance, Retirement, standardbehavioral economics, behavioral finance, Beliefs, block, Break The Cycle, cycle of belief, Daniel Kahneman, Fast and Slow, Financial, Maurer, personal finance, success, Thinking, Tim Maurer, UnlockI was stuck a few months ago. After the unexpected but welcome blessing of the birth of our healthy newborn (the two older kids are 20 and 18 😊), my wife and I had just come home from the hospital following emergency surgery resulting from latent labor complications. We had a plan worked out for... -
How much money Americans in their 30s have in their 401(k)s
Americans in their 30s have another 30 or so years before they reach retirement age, but they may not be saving enough to retire comfortably....
Americans in their 30s have another 30 or so years before they reach retirement age, but they may not be saving enough to retire comfortably. On average, Americans believe they’ll need nearly $1.3 million to retire comfortably, according to Northwestern Mutual’s 2023 Planning and Progress study. However, the amount Americans in their 30s currently have...