How Much You Should Have in Your Retirement Fund at Every Age

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If you’re counting on Social Security to fund your retirement, you might want to think again. According to MarketWatch, the two funds that pay Social Security’s benefits — the Old-Age and Survivors Insurance and the Disability Insurance trust funds — will run out of money in 2035 if Congress does nothing to fix the program. While Social Security benefits won’t disappear if this happens, the funds will come only from taxes and therefore payouts will be lower. With less help from the government, it’s important to start saving now to protect yourself and your loved ones during your golden years.

There are numerous studies and theories about how much you should have saved for retirement, emergencies, necessities and other expenditures. For example, studies by Fidelity and T. Rowe Price show the retirement savings benchmarks for where you need to be, starting at age 25. Both studies stress the need to

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Matilda’s Mara Wilson on panic attacks and the perils of fame at an early age (exclusive)

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Mara Wilson, who shot to fame as a child star in Hollywood, talks candidly about her experiences in Alex Winter's Showbiz Kids. (HBO/Sky)
Mara Wilson, who shot to fame as a child star in Hollywood, talks candidly about her experiences in Alex Winter’s Showbiz Kids. (HBO/Sky)

“For most of my adult life I’ve wanted to try and convey this experience which I’ve never really seen presented the way I experienced it,” says director Alex Winter of Showbiz Kids, his new documentary chronicling the grey areas of childhood stardom.

Debuting on Sky Atlantic earlier this week, Winter – himself a former child star who shot to fame as time-travelling dude Bill alongside Keanu Reeves’ Ted in 1989’s Bill and Ted’s Excellent Adventure – delves deep into the glitzy early years of a host of stars to tell a soberingly down-to-earth story of youth and fame. Having previously helming documentaries like 2012’s Napster tale Downloaded and 2015’s illegal online trading expose Deep Web, it’s this latest project which features input from Westworld’s

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This is the age when women and men make the most money

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The Bureau of Labor Statistics released data showing that in the U.S., women earn 81 cents for every one dollar that men make in 2020. The gender pay gap looks at the median salary for men and women regardless of their job type or seniority within their organization.

An analysis of the data shows that the pay gap forms early, meaning that men earn more from the start. Women not only earn less money than men, but their peak earning age is lower than the average peak earning age of men.

Median annual income of men and women

Below is the median annual income of men (as of the second quarter of 2020) divided by age group:

  • 16 to 19 years old: $26,936 annually

  • 20 to 24 years: $34,424 annually

  • 25 to 34 years: $50,076 annually

  • 35 to 44 years: $64,428 annually

  • 45 to 54 years: $66,092 annually

  • 55 to

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13 Women Reveal How Much They Really Have in Their Savings Accounts at Age 25

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Photo credit: Katie Buckleitner
Photo credit: Katie Buckleitner

From Cosmopolitan

If it feels too weird to ask your friends how much money they have in savings, I get it. Though I believe the world would be a better place if we all were up front about how much we make, spend, and save, we’re not there yet.

So it makes sense if you’re out here turning to Google to figure out whether your savings account balance is within a normal range for your age. But let me clarify something for you real quick: There’s really no magic number of exactly how much cash you should have saved by age 25. “Savings is a very personal thing and varies greatly depending on what you make, what you spend, and how much debt you carry,” says Maria Kapolas-Pollina, financial health digital product solutions lead at Chase.

A good rule of thumb is saving 10 percent of

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We Need to Change How We Share Our Personal Data Online in the Age of COVID-19

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A few months into the coronavirus pandemic, the web is more central to humanity’s functioning than I could have imagined 30 years ago. It’s now a lifeline for billions of people and businesses worldwide. But I’m more frustrated now with the current state of the web than ever before. We could be doing so much better.

COVID-19 underscores how urgently we need a new approach to organizing and sharing personal data. You only have to look at the limited scope and the widespread adoption challenges of the pandemic apps offered by various tech companies and governments.

Think of all the data about your life accumulated in the various applications you use – social gatherings, frequent contacts, recent travel, health, fitness, photos, and so on. Why is it that none of that information can be combined and used to help you, especially during a crisis?

It’s because you aren’t in control

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Can you still get cover in the age of coronavirus?

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Getty/iStock
Getty/iStock

As holidays and business travel abroad resume, many people are concerned about the risks posed by coronavirus – and the problems they may face getting adequate insurance.

These are the key questions and answers.

I booked my August holiday to Greece last January and took out insurance at the time. Will it still cover me for coronavirus?

It depends on the precise details of your cover. Some policies may have a general exclusion for claims triggered by pandemics. But otherwise you can expect to be covered for claims related to coronavirus.

There are two main areas of claims.

The first is for recompense of funds lost because of cancellations. A typical example: suppose Greece were to continue its ban on UK flights beyond 15 July (which, by the way, I don’t expect). If you have booked a DIY holiday, you would automatically be entitled to a full refund from

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