What separates consumers with high and low credit scores? Here's one important factor.
Consumers with subprime credit scores are about three times as likely to be "revolvers" as those with prime credit scores, according to a study by the American Bankers...
Need some good news about American retirement?
A recent survey by the Transamerica Center for Retirement Studies looked at how retirement savings behaviors and expectations have evolved during the Covid-19 pandemic.
Some of its findings were...
Sixty percent of employed Americans report that they had to make financial adjustments because of pandemic-related economic pressures, yet 82% also say they are saving for retirement, according to a newly released study by the nonprofit Transamerica Center for Retirement Studies in collaboration with the...
Aren’t Credit Cards wonderful—even though the bills sometimes come in the middle of a difficult financial month?
Will you gamble five months of hard work to set up a steady future income to avoid future credit card debt in...
I have some friends who developed a wonderful estate plan for their kids that involves the purchase of a large survivorship life insurance policy. However, because of today’s lower interest rates, the projected premiums on their policy have increased significantly. That means...
Every investor needs to be ready for the next downturn. Here's how.
The stock market has been on a pretty good streak this year. Sure, there were some rocky weeks, but all told, 2021 has been a strong year...
Key Points
Seniors are often advised to shift some of their assets away from stocks and into bonds.Municipal bonds offer the benefit of tax-free interest payments.Those interest payments still count as income for certain purposes, and seniors need to...
“Buy now, pay later” options are becoming increasingly popular, but analysts warn of default risks given the lack of credit checks and “opaque” debt reporting.
Not being able to check on consumers’ credit history could lead to lenders to...
You'll often hear that retiring on Social Security alone isn't feasible. Those benefits will only replace about 40% of your wages if you're an average earner, and most seniors need more like 70% to 80% of their income replaced to live comfortably.
As the Senate races for its summer recess, Democrats hope to pass two priorities: a $1 trillion bipartisan infrastructure plan and a budget resolution allowing them to skirt Republican opposition to their $3.5 trillion spending plan.
However, other pending...
