Personal finance

Some millennials, Gen Zers plan to use retirement savings to buy a home. They ‘really shouldn’t’, says the adviser

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Some millennials, Gen Zers plan to use retirement savings to buy a home. They 'really shouldn't', says the adviser

Some young retirement savers say they can raid their 401(k) accounts to buy a home. However, this could be to their detriment, experts warn. Nearly a third (30%) of aspiring homeowners say they plan to withdraw funds from their 401(k) plan to finance a purchase, according to the Real Financial Progress Index from BMO Financial … Read more

Social Security Payout Goes Today: Recipients will receive up to $4,873

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Social Security Payout Goes Today: Recipients will receive up to $4,873

Millions of retirees can expect their Social Security payments today, which could be worth up to $4,873. The Social Security Administration is expected to send checks on May 22 to pension applicants born between the 21st and 31st of each month. Read more: Compare the best high-yield savings accounts to grow your savings Recipients born … Read more