When it comes to managing their money, most people are content on their own. That could backfire. investinyou (In partnership with acorns.)
div > div.group > p:first-child"> Despite reports that many workers are living paycheck to paycheck and not even half of all adults would be able to cover an unexpected $1,000 expense, the majority of Americans are declining any financial help or advice.
Admittedly he's made some mistakes, like neglecting to save early on, he said. Now Holloway sets aside whatever he can and sticks with a 70/30 split of stocks to bonds in his investments.For most people, lacking the know-how to handle your own finances comes at a high cost, according to the National Financial Educators Council, or NFEC.
Still, more than half of adults, or 57 percent, are more confident about their ability to save for retirement than they were three years ago, according to the CNBC survey. The Stanford Center advises saving 10 percent to 17 percent of your income if you plan to retire at 65 — about double what most people are actually socking away.
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