It’s not at all necessary to get started right away, and there’s a navigable path for renters in the 40s to end up in a very comfortable situation by retirement.
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Karmen Johnson explains how she kept her job with an Indy-based credit union while exploring the country—and then added a career in art after a near-fatal accident brought it all into focus.
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Gen Xers who have retirement accounts have saved on average a measly $180,000, and nearly 50% of Gen Xers don’t even have a retirement plan. Among the hot topics: When’s the best time to start taking Social Security, given that it’s headed for a funding deficit in 2033?
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A surge in baby boomers nearing 65—about 4 million Americans turn 65 this year—means more people are making tough decisions about retirement. That surge is expected to continue through 2027.
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Oak Street, a specialty lender focused on the financial services sector, is picking up a portion of the loans acquired by its corporate parent, First Financial Bank, in a recent acquisition.
While the cost-of-living increase is in line with overall inflation for the year, it trails categories that are particularly relevant to older adults.
Instability rarely shows up all at once. It sneaks in quietly, wearing the same outfit as “everything’s fine.”
BlackRock might buy the breaker box, but Indiana decides how the switches get flipped.
Private investment firms that have done well investing in infrastructure over the last 15 years now have strong incentives to add data centers, power plants and the services that support them.
The Federal Reserve Board reported that 14 percent of adults in fall 2023 had used buy-now-pay-later loans at least once in the past 12 months.
Moody’s, S&P Global Ratings and Fitch Ratings are the three primary credit rating agencies for corporate and government borrowers. Moody’s was actually the last CRA to strip the United States of its highest credit rating.
Industry experts told IBJ that employers should consider legal guardrails, equity concerns, workload and external financial support when deciding whether an internship program will be compensated.
It might be tempting to make dramatic changes to your investments right now, but it’s important to resist that impulse, advisers say.
Commerce Secretary David Adams announced last week that the state had frozen funds earmarked for Elevate Ventures, but he did not outline specific concerns about the nonprofit or its operations.
In 10 years, Social Security won’t have enough money to satisfy all obligations to retirees. The latest projections show benefits dropping by 17%.
It’s about the bigger question: Are we actually seeing progress, or are we in a new normal?
If you haven’t already adjusted spending for inflation, now might be a good time to review expenses and identify which are no longer a priority.
At the top of the list is host Mason King’s interview with Chick McGee, who has been a fixture on Indianapolis radio for 38 years as a cast member of “The Bob & Tom Show.”
Thirty-five years ago, following a career as a cryptologist in the U.S. Air Force and a stint running his own business, Pete Hilger joined the company his mother, Melissa Eldredge, founded in 1978.
While Andy Williams is famous for crooning that it is the “most wonderful time of the year,” the reality is that December is the most stressful time of the year.
IBJ personal finance columnist Peter Dunn details the options for keeping cash close at hand while allowing it enough space to grow, in light of the Fed’s impending decision on interest rates.
What’s the monthly financial gap between your current life and the life you are aspiring to? This allows you to park the scary thoughts to the side and instead make decisions based on real numbers.
Victims rarely get their money back, including older people who have lost life savings to romance scams, grandparent scams, technical support fraud and other common grifts.
Once the Pruetts realized the financial pressures of parenting, they felt it was really important to share that concept with their kids sooner rather than later.
