Make sure your cards have a positive impact on your credit score. Credit cards can have a huge impact on your credit score. Whether that impact is positive or negative depends how you use your cards. So it’s important to make sure you’re using them as wisely as possible — and that you understand how […]
Many seniors rely on Medicare to provide comprehensive health coverage during retirement. But the program has its fair share of rules, and not knowing all of them could derail your finances once your career comes to a close. Here are a few lesser-known Medicare facts you must be aware of. 1. Enrollment isn’t free Medicare is broken […]
Ready to click “reserve” on that flight to Honolulu? Well, before you do, you might want to rethink your purchasing strategy. Konrad Waliszewski, CEO of TripScout—a trip planning app that helps travelers organize their trip based on dates, budgets and interests—says that contrary to popular travel myths—like booking a flight on Tuesday at 11 p.m.— […]
VPNs are famous for helping you maintain your privacy online, but did you know that VPNs can also help you save money on streaming services? We can teach you how to use a VPN quickly to unblock your favorite shows or movies. Think about it, the cost of subscribing to multiple streaming services can add […]
Saving for retirement is an important part of financial planning for nearly all Americans. There is currently a gap of $28 trillion between what Americans have saved for retirement and what they actually need, and that’s expected to grow to $137 trillion by 2050, according to the World Economic Forum. One of the best ways […]
The Social Security cost-of-living adjustment for 2022 could be the biggest in decades. However, that increase to monthly checks will not be enough, according to The Senior Citizens League, a nonpartisan advocacy group. In a letter sent to members of both the House of Representatives and Senate this week, the group is ramping up its […]
Rumblings from Washington have gotten savvy retirement savers a bit worried: Will this year be the last to take advantage of the clever backdoor Roth IRA strategy? Let’s look at the Roth’s current legal setup and how it might change in 2022. The Backdoor Roth IRA today The Roth IRA is one of the few […]
Gratitude makes us more aware of the sources of joy, wonder and hope in our lives. Being grateful also can improve health, strengthen relationships and help us manage our money. Developing gratitude requires us to focus on what we have rather than on what we lack, says Meghaan Lurtz, a senior research associate with financial […]
As the year winds down, those looking to trim their tax bill may consider an individual retirement account contribution. Before transferring the funds, however, there are rules and limits investors need to know, financial experts say. “Anyone can contribute to a traditional IRA — you, me, Jeff Bezos,” said certified financial planner Howard Pressman, partner […]
Have you considered the order you’ll withdraw your retirement income? Doing so in the incorrect order could cost you hundreds of thousands of dollars. A 2020 Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor. The value of working with […]
After devoting yourself to your career, the time has come to finally retire. Retirement is something most people look forward to. However, it’s also something not everyone plans for. You see, while retirement does give you some much-needed reprieve, not having a plan might cause boredom to set in rather quickly. You still need to […]
The amount spent on new cars hit an all-time high in July, and prices for pre-owned vehicles increased as well the month prior, by more than 30% annually. These rising prices are due to a variety of factors, including growing inflation and a global shortage of semiconductor chips. Despite these surging costs, the demand for […]
