In order to be eligible for many credit cards and loans, you'll need to fall into what's considered the "good" credit scoring range of 670-739. Fortunately, most Americans are already in this category - with the average U.S. FICO score rising to 716 in 2021. By contrast, a "fair" credit...
It’s 5 p.m. on a Tuesday, and you tune in to The Ramsey Show as you sit in gridlocked traffic. Dave Ramsey is going on about the best ways to pay down debt and why it’s imperative to be debt-free. You have two things working in your favor: (1)...
How do you know when you can retire? The answer seems simple: When you have enough income coming from your investments and other sources to sustain your lifestyle. The problem for many retirees and those who are starting to think about retirement is they don’t have a firm handle on...
Given the tumultuous start to the year for the S&P 500, it's no wonder retirees and pre-retirees are nervous about the prospect of entering a prolonged bear market. Combine poor stock performance with a low-yielding bond environment and the possibility that...
Social Security Cards Claiming Social Security before full retirement age (FRA) has consequences – namely, that you'll get stuck with a lower monthly benefit for life. That's why some seniors expressly aim to wait until FRA to file for benefits to avoid...
How do you know when you can retire? The answer seems simple: When you have enough income coming from your investments and other sources to sustain your lifestyle. The problem for many retirees and those who are...
If there is one investment every person should have right now, it is a series I bond, according to personal finance expert Suze Orman. The bond’s variable interest rate is based on inflation, which means the asset...
Will You Outlive Your Retirement Savings? Well, that's a scary thought. Unfortunately, one that millions of people have to struggle with. No doubt, it keeps people up at night. In our imaginations, retirement is something we look forward to. The details might change, but I often hear people talk about things...
Retirement is an exciting chapter in life, but it's important to ensure you're as prepared as possible. Everyone's situation will be different, so there's no one-size-fits-all answer as to when you should retire or how much you should save. That said, there are a few questions you can ask...
The biggest piece of advice that people in retirement would pass along to their younger selves is simple: start saving earlier for the end of your career. Roughly 70% of retirees said that changing their habits to save or invest more and earlier is the top advice they’d give their...
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