Liz Opsitnik

May 28, 2024 | usnews.com | Liz Opsitnik

Washington, D.C. – U.S. News & World Report, the global authority in rankings and consumer advice, today announced the 2024 Best Cars for Teens. The awards recognize new and used cars that come highly recommended by critics and score well in factors including predicted reliability, safety features and crash scores. Hyundai secured the most wins in the Best New Cars for Teens categories, with four awards.

Aug 18, 2023 | money.usnews.com | Rachel Hartman |Liz Opsitnik |Katy Marquardt |Emily Brandon

If you've accumulated $1 million, you've likely spent years saving for your future. You might be ready to retire at age 55 with a seven-figure nest egg. Depending on your expenses and retirement plans, you may find that the amount is enough to support your lifestyle. For those with higher costs of living, the amount might not carry you through the following decades. Before you retire at age 55 with $1 million, you'll want to: Plan for a long retirement. Think about withdrawal strategies.

Jul 26, 2023 | money.usnews.com | Rachel Hartman |Liz Opsitnik |Katy Marquardt |Emily Brandon

As you think through whether $2 million is enough to retire on at 50, it can be helpful to calculate your annual cost of living. (Getty Images)If you're planning to retire at 50, you may be wondering how much is needed to sustain your household over the coming decades. For Americans between the ages of 45 and 54, the average savings is $254,700, according to data from the Federal Reserve Survey of Consumer Finances.

Jul 21, 2023 | money.usnews.com | Rachel Hartman |Emily Brandon |Liz Opsitnik |Susannah Snider

Once you turn age 59 1/2, you can withdraw any amount from your IRA without having to pay the 10% penalty.(Getty Images)Distributions from individual retirement accounts before age 59 1/2 typically trigger a 10% early withdrawal penalty. But the IRA withdrawal rules contain several exceptions to the penalty if you meet certain circumstances or spend the money on specific purchases. If you understand the guidelines, you can avoid paying extra fees.