Much of retirement planning is focused on the so-called “magic number”: how much you need to have saved to live comfortably and confidently without employment income. Today, most Americans believe that magic number is $1.26 million, according to a 2025 NorthWestern Mutual survey (1). Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Dave Ramsey warns nearly 50% of Americans are making 1 big Soc ...

EARNINGS PREVIEW: Palantir, Robinhood Among Leaders Set To Report You love your adult kids. But do you adore them enough to give them financial help that puts your own retirement in jeopardy? No doubt, times are tough financially for the younger generation. Housing costs are high. Student loans crimp cash flow. And inflation means many necessities cost more. The result: many adult kids are turning to the "Bank of Mom & Dad" for help. Banking On The Parents Many parents are shelling out big bucks each month ...

Losing a spouse is emotionally devastating — and for many widows and widowers, it can also bring unexpected financial hardship. One key reason is the “widow’s tax penalty,” a little-known tax consequence that can increase your tax burden and reduce income after a spouse’s death. Here’s how this penalty can significantly impact your retirement finances. Must Read What is the ‘widow’s tax penalty’? The widow’s tax penalty refers to the potential increase in tax liability that occurs when a surviving spo ...