Cryptocurrency has always been volatile, but it’s experienced quite the wild ride over the past few months. After shattering records and reaching staggeringly high prices, cryptocurrencies have taken a sharp turn for the worse. Bitcoin (CRYPTO: BTC), which reached a high of around $65,000 per token last month, has fallen by more than 30% over the […]
It’s a strange thing, inflation. You will seldom hear it talked about as much as market downturns or risks. Much of this is due to the fact that the market can lose large amounts quickly, in a glaringly visible way. Inflation, on the other hand, is not so dramatic. However, it can cause you to […]
Out of more than 143 million taxpayers, you might think the IRS has enough to worry about and will never notice if you pay your taxes late or fail to pay at all. But no matter how busy the IRS gets during tax season, you will be penalized if you don’t pay taxes. Interest and […]
You’re probably aware that saving for retirement is crucial, and if you didn’t know that, here’s a gentle but necessary wake-up call. Social Security will only replace about 40% of your pre-retirement income if you’re an average earner, and most seniors need roughly twice that amount to maintain a comfortable lifestyle. If you want to avoid money […]
We might not support the concept of saving, but it is truly advantageous. It can help us in our crucial times and help us to lead a safe and secure life. While there, you might find it difficult to save your well-earned for now, but you will understand the concept as soon as you start […]
Whether you are already retired or are thinking about it, establishing a plan to coordinate both anticipated retirement goals and a plan for legacy assets is critical. Depending on their intended purpose, your assets may need to be managed distinctly differently to allow for a cohesive, successful outcome. Where to Begin? When developing (or making […]
You’ll often hear that it’s important to save consistently for retirement because you’ll need the money to cover your living expenses. And when we think about the costs seniors face, from housing to health care, it’s easy to see why. Not only must you save well for retirement, but you should also invest your savings […]
Many people have the goal of retiring with $1 million or more in savings. And given the expenses seniors tend to face, that’s not a silly goal to set. It’s also by no means an impossible one to achieve. Case in point: The number of Fidelity retirement plans with a balance of $1 million or […]
Eligible families will start receiving the enhanced child tax credit payments on July 15. If you’re expecting a payment, see how much you’ll get here. Before the IRS can send those payments, however, it will open two portals for people with qualifying dependents to make any necessary changes. The portals will also be used to opt out of the monthly payments if you’d […]
As much flack as millennials get for their bad financial habits, they actually are pretty good savers. A recent survey conducted by Bank of America found that 73% of millennials are actively saving money and more than half (59%) have $15,000 or more in savings. Perhaps even more impressive, the survey found that nearly 1 in 4 millennials […]
The advance child tax credit payments will begin July 15 — see how much money you’ll get. But before those are sent, the IRS will make two portals available for eligible families with qualifying dependents. You’ll use the portals to update your information, opt out of the monthly payments and make sure you’re registered if you don’t normally file taxes. We’ll explain all the […]
The time to act is now for homeowners looking to refinance their home loan into a lower interest rate. That’s because the money markets are betting on an increase in interest rates this year. That is, they are now pricing a 100% chance that the Federal Reserve will increase the federal funds rate by December […]
