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Why Gen X Is Losing the 401(k) Game — and How To Turn It Around, According to Jean Chatzky
Yahoo Finance· 2025-11-09 16:24
Core Insights - Generation X is financially unprepared for retirement, with only 14% feeling ready according to the 2024 Schroders U.S. Retirement Survey [3] - The average retirement savings expectation for Gen X is $602,944, while they believe they need $1,069,746, resulting in a shortfall of $466,802 [3] Group 1: Financial Preparedness - Gen Xers are currently aged between 45 and 60, with the average retirement age projected at 62.6 for women and 64.6 for men by 2025 [2] - The financial challenges faced by Gen X include the disappearance of traditional pensions and the late introduction of 401(k) plans [5][6] Group 2: Economic Challenges - Economic events such as the tech bubble, the Great Recession, and the COVID-19 pandemic have hindered Gen X's ability to save during critical earning years [5] - Lack of financial education and limited investment options have contributed to the difficulties in building sufficient retirement savings [6] Group 3: Solutions and Strategies - The HOVER method (hope, optimism, value, enthusiasm, and resilience) is recommended as a mindset approach to improve saving habits [7]
How 200,000 veterans could rescue America’s small businesses
Yahoo Finance· 2025-10-27 20:34
Veteran Transition & Entrepreneurship - The podcast "Warrior Money" focuses on helping military veterans transition into civilian life through financial education and inspiration [1] - Patrick Flood argues that veterans should consider acquiring small businesses instead of seeking traditional employment [1] - Approximately 200,000 service members leave the military annually [1] - There are 600,000 small businesses potentially available for acquisition [1] - Owners in Honor, a program, assists veterans in buying, building, and selling companies to create generational wealth [1] Podcast & Media - "Warrior Money" is hosted by former Congressman Patrick Murphy and veteran investor Dan Kunze [1] - The podcast is available on major platforms like Apple Podcasts, Spotify, and Amazon Music [1] - Yahoo Finance produces "Warrior Money" as a weekly podcast [1] - Yahoo Finance provides financial news, data, and tools [1] - Yahoo Finance can be found on various social media platforms, including X, Instagram, TikTok, Facebook, and LinkedIn [1]
A New Generation Tees Off: 100,000 Rounds and Counting with Bank of America's Golf with Us
Prnewswire· 2025-10-20 14:00
Core Insights - Bank of America has partnered with Youth on Course to provide affordable golf access to over 86,000 children, allowing them to play more than 100,000 rounds of golf since the program's launch in April 2025 [1][2][4]. Program Overview - The "Golf with Us" initiative offers access to thousands of golf courses for $5 or less through a free, one-year membership to Youth on Course, which has seen significant enrollment and participation [2][4]. - The program was launched during the 2025 Masters Tournament and has attracted many first-time golfers aged 6-18 [2][4]. Community Impact - Bank of America hosted nearly 1,500 children at Golf with Us clinics, where they learned golf skills and life lessons from celebrity guests and local professionals [3][4]. - The partnership has led to a 16% increase in junior golf rounds at Lincoln Park Golf Course, indicating a positive impact on local golf communities [5]. Expansion and Future Goals - The partnership has resulted in the addition of over 100 new municipal course partners, enhancing access for new members [4]. - Youth on Course has reached a milestone of 5 million rounds played, demonstrating the program's rapid growth and success [4]. Bank of America's Commitment - Bank of America has a longstanding commitment to youth empowerment and community engagement through sports, including its role as Champion Partner of the Masters Tournament [5][6].
How to keep your family afloat when the government shuts down
Yahoo Finance· 2025-10-12 14:00
You can catch Warrior Money on Apple Podcasts, Spotify, Amazon Music, or wherever you get your podcasts. Your paycheck may stall, but your plan shouldn’t. On Warrior Money, Patrick Murphy and Dan Kunze outline exactly what to do now: lock down your “four walls,” freeze non-essential spending, and call lenders early while tracking cash flow tightly. They highlight stopgaps like USAA and PenFed interest-free paycheck advances, urge vets to loop in congressional caseworkers for stalled VA claims, and key nuanc ...
Advisors Say New NIL Rules Create Opportunity, Challenges With Athlete Clients
Yahoo Finance· 2025-10-09 15:36
Core Insights - The ability for college athletes to monetize their name, image, and likeness (NIL) has created both opportunities and challenges for financial advisors [1][2] - Financial advisors emphasize the need for education and guidance for young athletes who receive large paychecks [2][4] Group 1: Changes in Regulations - The NCAA changed rules in 2021 to allow college athletes to profit from endorsements, subscriptions, and licensing deals [3] - A recent federal judge approved a $2.8 billion lawsuit settlement that allows schools to pay student athletes directly, in addition to traditional tuition scholarships [3] Group 2: Financial Advisory Challenges - Financial advisors report that working with athlete clients requires significantly more effort compared to traditional clients, often due to late engagement with financial planning [2] - Advisors highlight the importance of educating athletes about basic financial concepts, such as the difference between stocks and bonds, and understanding taxes [4] Group 3: Family and Social Dynamics - Family and friends can pose challenges for athletes experiencing sudden wealth, with advisors noting that relatives often seek financial assistance [5] - Advisors recommend providing athletes with business cards to manage requests from family and friends effectively [5]
X @Investopedia
Investopedia· 2025-10-06 13:30
Learn 12 habits for financial freedom, including basic budgeting, debt reduction, automatic savings, and financial education. https://t.co/gdKRNpmiSz ...
Robert Kiyosaki: 5 Best Ways To Spend Your Tax Refund Next Year
Yahoo Finance· 2025-10-05 15:07
Core Insights - The article emphasizes the importance of preparing for tax season by considering how to wisely spend tax refunds, particularly advocating for investing in personal finance education [1][2] Group 1: Financial Education - Investing in financial education is highlighted as a key use of tax refunds, with Robert Kiyosaki suggesting that this investment will yield long-term benefits [1][2] - Kiyosaki encourages purchasing financial education books, stating that spending on good books is a valuable investment, as it enhances financial literacy [3] - Continuous learning is stressed, with Kiyosaki mentioning his own practice of reading various books to understand money, investing, and historical patterns [4] Group 2: Staying Informed - Subscribing to financial publications is recommended as a means to stay informed about business and finance, with specific publications like The Wall Street Journal and Bloomberg Businessweek mentioned [5] - Kiyosaki emphasizes the importance of daily reading of various financial materials to remain updated on current events, which allows for the application of financial knowledge in real-time [6] Group 3: Coaching and Accountability - The article suggests hiring a coach for motivation and accountability, as even successful individuals like Kiyosaki benefit from such support [7]
The brutal truth about veteran homelessness in America
Yahoo Finance· 2025-10-04 02:52
Mission & Focus - Operation Homefront CEO Alan Reyes discusses tackling veteran homelessness with emergency financial aid, housing support, and financial counseling [1] - Operation Homefront aims to help military families build stability [1] - The podcast "Warrior Money" focuses on uplifting military veterans transitioning into civilian life through financial education and inspiration [1] Challenges & Solutions - More than 32,000 veterans are still without a home in America [1] - The podcast highlights the biggest challenges in veteran transitions [1] - Smarter collaboration is needed across thousands of veteran organizations to make every dollar count [1] Resources & Support - Support is available through OperationHomefront.org [1] - Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, and advanced tools [1] - Warrior Money videos are available on Yahoo Finance [1]
Genius Group appoints Robert Kiyosaki as Board Advisor
Globenewswire· 2025-09-30 12:00
Core Insights - Genius Group Limited has appointed Robert Kiyosaki as an advisor to its Board, aiming to leverage his expertise in financial education and investment strategies [1][8]. Company Overview - Genius Group is a leading AI-powered, Bitcoin-first education group serving 6 million users in over 100 countries through its Genius City model and online digital marketplace [11]. - The company focuses on delivering personalized, entrepreneurial AI pathways that combine human talent with AI skills and solutions at various levels [11]. Robert Kiyosaki's Background - Robert Kiyosaki is the author of 29 books, including the bestselling 'Rich Dad, Poor Dad,' which has sold over 25 million copies worldwide and has been translated into 45 languages [2][4]. - He is known for his critical views on the fiat-driven economy and advocates for gold, silver, and Bitcoin as hedges against inflation [4][5]. - Kiyosaki has created an educational board game, "CASHFLOW® 101," to teach financial literacy, with over 1,600 CASHFLOW Clubs established globally [6]. Advisory Role and Strategic Goals - Kiyosaki will advise Genius Group on strategies to grow its global brand, expand its Entrepreneur and Financial Education programs, and build its Bitcoin Treasury [8]. - He will also be a keynote speaker at the Genius Future Summit 2026, emphasizing the importance of financial education in today's economy [8][9]. Leadership Perspective - Genius Group's CEO, Roger James Hamilton, expressed enthusiasm for Kiyosaki's appointment, highlighting a shared vision for transforming education to meet contemporary challenges [9].
民生银行济南建设路支行走进施工单位助力工友识破非法网贷骗局
Qi Lu Wan Bao· 2025-09-30 03:26
Core Viewpoint - The article highlights a financial education campaign by Minsheng Bank aimed at construction workers, focusing on raising awareness about illegal online loan scams and enhancing financial safety [1][2] Group 1: Campaign Overview - The campaign took place during the 2025 Financial Education Promotion Week, targeting construction workers with the theme "National Anti-Fraud, Recognizing Illegal Online Loan Scams" [1] - The initiative reached over 300 construction workers and distributed more than 450 promotional materials, receiving positive feedback [1] Group 2: Educational Methods - The campaign utilized a multi-dimensional approach, including immersive case warnings, interactive Q&A sessions, and practical demonstrations to engage workers during their leisure time [1][2] - A "Knowledge Contest" was organized to encourage participation, covering key topics such as characteristics of illegal online loans and evidence preservation methods after being scammed [2] Group 3: Practical Support - The bank provided hands-on guidance for installing the "National Anti-Fraud Center" app and demonstrated verification techniques before making transfers [2] - One-on-one consultations were offered to address concerns about credit and online loans, establishing a support group and dedicated consultation hotline for ongoing assistance [2] Group 4: Future Commitment - The bank plans to continue focusing on the construction worker demographic, delivering financial safety services in a relatable manner to protect their financial interests [2]