Although the U.S. doesn't have the reputation for being a nation of savers, there does seem to be some hope. A new survey shows that 28% of employed Americans say they are putting away more money for retirement this year than they did last year. And that makes it...
There's no two ways about it: Social Security is a financial savior for our nation's retired workforce.
According to an analysis conducted by the Center on Budget and Policy Priorities, the mere fact that qualifying aged beneficiaries are receiving a guaranteed monthly payout from the Social Security Administration (SSA) is...
Credit utilization is a fancy name for how much of your available credit you've used. It's one criterion used by the three major credit bureaus to calculate your credit score. Why do they care? Because your credit utilization is an indicator of the extent to which you rely on...
Working from home comes with a huge upside, along with some risks. You don't have to commute and probably don't even have to get dressed for work, but being at home has drawbacks, too.
Not only is your house full of distractions, it's not a typical workplace. That can make...
Students know that college is expensive. After all — they're the ones who'll be making student loan payments after graduation. But one major cost that can often be overlooked when estimating the cost of a degree is textbooks.
The College Board estimates that the average student spends more than $1,200...
If you plan to live off your Social Security checks, you may want to consider relocating to a state where you will get more for your money.
Personal finance website GOBankingRates ranked which states are most affordable based on average monthly benefits — $1,295.08 — and the overall cost of...
On-time payments are a solid way to build your credit score. Your payment history constitutes 35% of your credit score – the largest contributor among the five factors used in calculating your score.
Payments on most debts are reported to the three major credit bureaus (Experian, Equifax, and TransUnion) for...
Utilities are a practical necessity, but they occupy a massive line on your monthly budget. The typical American family spends more than $2,000 a year on utility bills, including electricity, water and sewage, and natural gas—and depending on where you live, you might spend even more than that. If...
Glenn Daily, age 65, may have found the golden goose.
He's sitting on a pot of cash that not only accrues interest; it can also be tapped tax-free.
The New York-based fee-only insurance consultant has held onto an insurance policy that his parents first purchased for him when he was just...
One of the things I most often hear from people about personal finance is how much they wish they had learned about it when they were younger. In talking to younger people, I do see a lot of awareness about the importance of financial wellness. Unfortunately, there are also...
