Investing & Retiring

Retirement has finally arrived. You’re ready to start drawing on your retirement income sources. Enjoy this new phase of your life. Unfortunately, you haven’t been able to retire from taxes – and your taxes will enter a new phase as well. You don’t have an employer to hold out taxes on your salary anymore. You’re
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Prefer using debit cards over credit cards, but miss earning rewards? Some debit cards offer cash-back rewards – either as a straight points-based redemption program or as a perks-based program directed at purchases with specific merchants. You may have debit card cash-back benefits through a perks-based program and not even realize it. Cardlytics is
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Do you have a financial plan? A real, written plan with goals, targets, and timelines, not just “I plan to stay out of debt this year”? If you have no such plan, you have plenty of company. According to Charles Schwab, only 25% of Americans have a written financial plan. The good news: Schwab’s 2018
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By Eric Olsen, Executive Director HELPS Nonprofit Law Firm Affordable transportation is often a concern for senior citizens. Some seniors go without basics to make car payments they can’t afford for a car with little or no equity. Others need affordable replacement transportation but don’t have the income to finance a car. What are
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Affordable Housing? What Affordable Housing? Affordable housing is increasingly hard to find in today’s market. According to data from Trulia, America’s inventory of starter homes has decreased by almost half compared to six years ago while prices rose by almost 58%. As consumers recovered from the housing crisis and Great Recession, more people became financially
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Father’s Day is coming up on June 17th. What can you get Dad to celebrate his special day without loading up the credit cards? Sometimes simpler gifts are the best. Simpler gifts may also be your only option if you are young and short on cash, or if your credit is not up to scratch
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Father’s Day will be here soon. Have you picked up anything for Dad yet? You probably will, if statistics count for anything. In 2017, spending on Father’s Day will account for an estimated $15.5 billion in sales, according to the National Retail Federation (NRF). That’s a pretty impressive number – not in the league with
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It takes solid planning and fiscal discipline during your working years to enjoy a financially comfortable retirement. But how can you properly plan if you don’t really understand how to manage your money to maximize retirement benefits? Even if you pay a financial advisor to assist, in the end, the decisions are still yours to
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You’ve made some life decisions that you’ve regretted, and some of those decisions surely involve money. What sort of money mistakes have you made? Don’t be shy about admitting your financial mistakes. According to the latest version of Finder.com’s annual America’s Biggest Money Mistakes survey, you have 192 million fellow Americans to keep you company.
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How do you plan to fund your children’s education? According to the 2017 Report from Sallie Mae, How America Pays for College, you are probably counting on scholarships and grants. Sallie Mae finds that reliance on scholarships/grants is the highest in a decade, while college savings is on the decline. Savings covers less than one-quarter
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How’s your retirement plan holding up? If you are a woman, you’re probably having more difficulty with retirement plans than your male counterparts. Despite advances, women still face lower average salaries – 82% of the average man’s salary, according to the Pew Research Center. Fewer working years on average, often due to time off for
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We know the stereotype of the unmotivated millennial, living at home with their parents without any long-term plan or concern about their situation. Is that a fair representation? Do millennials disproportionately live with their parents? If so, is this from necessity, lack of motivation, or part of a grander strategy? It’s logical that younger generations
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It’s time to honor that special woman in your life. Mother’s Day is approaching, and whether you are buying for your mother, your wife, or both, consider some inexpensive alternatives or ways to save money on classic Mother’s Day gifts. Flowers – Flowers are a popular Mother’s Day present, but you don’t necessarily have to
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Who would turn down free money? According to the Motley Fool, approximately 20% of workers with matching 401(k) retirement plans are effectively dismissing free money by making a significant mistake with their contributions. Approximately three-quarters of companies with 401(k) plans offer a matching program where the employer contributes an equal amount to the employee’s contribution
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How’s your 401(k) or IRA doing? A typical 401(k) plan returns from 5% to 8% based on a portfolio of 60% stocks and 40% bonds and other conservative investments. If your retirement plan is not meeting expectations, you may be tempted by the high returns of cryptocurrencies like Bitcoin – but should you be wary
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Have we bridged the gender gap when it comes to household roles, domestic duties, and career choices? Not entirely – but a new survey suggests that women are leading the way in closing the gap and preparing the next generation of men and women to continue the fight. According to the YouGov survey Women’s Voices:
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April is National Social Security Month! Your Social Security Number (SSN) may be your most important piece of identification – yet it’s likely that you never carry your Social Security card with you. You probably committed your number to memory long ago because it’s required in so many places. Generally, you won’t need to produce
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Your credit score may not be good enough to allow you to qualify for a home at a reasonable interest rate, but can a less-than-stellar credit score also keep you from finding a good place to rent? “Credit scores aren’t just about mortgages,” says Rod Griffin, Director of Public Education at the credit bureau Experian.
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