Having a good credit score can make a big difference when it comes to the interest rate you get on all types of credit, whether you’re trying for a home mortgage, an auto loan or credit card. Here’s how it works: Three major credit bureaus — Experian, Equifax, and TransUnion — regularly collect information about your payment […]
Consider the financial implications. Retiring early is a dream for many people. Some want to spend more time with family, some want to travel the world, some want to knock things off their bucket list, and some just want to have the option to sit around and do nothing. Whatever the case, having the opportunity […]
In the course of planning for retirement, one of the most crucial decisions you might face is when to sign up for Social Security. If you claim benefits at full retirement age (FRA), which kicks in at 66, 67, or somewhere in between, depending on your year of birth, you won’t face a reduction or […]
After spending decades saving and investing for retirement, some people may wonder if they’ve done enough to be financially comfortable through those years. On one end, if you spend too much in retirement, you can find yourself in financial trouble. But, on the other end, if you spend too little, you could shortchange yourself on […]
Life can throw you curveballs, bringing unexpected events and expenses. That’s why building financial resilience in your life can be so powerful — and it starts with learning to have a basic sense of how your finances work and what you can do to make them work better for you. If you’re feeling a bit […]
Sometimes, the need to borrow money can arise unexpectedly, like when your car breaks down and you need to take out a personal loan to cover the cost of getting it fixed. Other times, it’s easier to anticipate when you might need a loan, such as if you’ve been saving to buy a home and know you’ll […]
Threats to the U.S. economy have dramatically increased throughout the first four months of 2022, leaving many investors wondering how to best protect their portfolios. From the war in Ukraine and rising interest rates to sky-high inflation and falling economic growth, warning signs of a potential economic downturn are plentiful—to say the least—and both Wall Street and main street have taken note. Billionaire investors […]
Unless you plan to go through life paying for everything with cash or crypto, you need to fix your bad credit. Poor credit, and the low credit score that comes with it, lowers your ability to open a new credit card or to get a loan. If you do get a mortgage or car loan […]
Your credit score says a lot about you. If that number is strong, it sends the message that you’re a relatively low-risk borrower. Because of that, you may be more likely to get approved to borrow money, whether in the form of an auto loan, personal loan, or mortgage. If your credit score is poor, it […]
Despite the pandemic, most Americans still feel optimistic about a comfortable retirement, but inflation is the top concern among those who aren’t as prepared. That’s according to the Employee Benefit Research Institute and Greenwald Research 32nd annual Retirement Confidence Survey polling 2,677 workers and retirees in January. “Even with the concerns of the pandemic and […]
SALT LAKE CITY — It may be the worst kept secret in America — many of us are falling short on retirement savings. A recent study from Bankrate found nearly 36% of us have never had any sort of a retirement account — period. And of those who do, 52% say they’re behind where they […]
One area that has not experienced the cryptocurrency trend is the 401k. That could soon change, with the announcement by Fidelity this week that it would let 401k operators opt-in to allow their employees to invest in bitcoin through a retirement plan. It marks the first time that a major brokerage house has signaled that […]
