Many households come to experience their share of financial challenges over time. Some folks lose their jobs and struggle to find work. Others encounter costly medical issues that cause them to rack up debt. And while these and other financial shocks might easily come out of the blue, the...
Remember the Seven Dwarfs song, “Heigh-Ho, Heigh-Ho (It’s Home From Work We Go)”? How about the 1988 variant by David Chamberlain, “I Owe, I Owe (It’s Off to Work I Go)”?
You might be singing the latter tune for...
Though you should expect to collect some money from Social Security as a senior, and you may have a decent amount of retirement savings to tap, generating extra income during your later years is never a bad idea. You never know when...
If you find yourself getting closer to the date you pictured retiring but you haven’t been able to save anything toward that goal, then you’re not alone. It’s actually a fairly common situation, financial advisors say.
“I think people...
You may want to start saving your extra money now.
At the start of 2023, seniors on Social Security had a very big change to celebrate -- the largest cost-of-living adjustment, or COLA, to come down the pike in decades. Benefits rose 8.7% to kick off 2023, and that increase...
Americans expect to have a quarter of a million dollars saved by retirement, according to a 2018 survey from Provision Living. In an ideal world, though, the 2,000 survey respondents said they would want decidedly more: an average of about $610,000.
Unfortunately, that may not be enough: Depending on where...
Credit score concept. businessman pulling scale changing credit information from poor to good, excellent. Payment history data meter. Vector illustration in flat style.
You may not think about your credit score too often, but it probably affects you more than you realize....
There's a world of misinformation surrounding Social Security, and sometimes, it can be tricky to know what to believe. For example, you may have heard that Social Security is in deep financial trouble, and that future benefits are therefore precarious. As...
Nearly half of all Americans with an account at a financial institution hold that account at a credit union. Many who don't (and some who do) are not entirely clear on how credit unions differ from banks. Here is a quick primer.
The history of banking traces back 4,000 years...
We all know we're supposed to set aside money for things like emergencies, retirement, and college. But while these are all relatively high-profile categories, there are smaller yet significant items we need to save for along the way, one of which will be here before you know it: the...
