ONCE YOU REMOVE LOVE and emotion from a divorce equation, pretty much all you have left is money. So if your marriage is coming to an end, or appears to be, you’d be wise to take a number of financial steps – before, during and after the divorce – to make sure you come out of it OK. […]
It starts with you. With retirement a mere five to ten years away, many Americans will start to panic, thinking (perhaps appropriately) that they are not on track to retire comfortably. In the decade that I have been an advisor, I’ve seen many unique stories that all share a common thread — the desire to live […]
For one Iowa woman, the most frustrating and scary time of her life started when her debit card was declined. In the days leading up to St. Patrick’s day, health care worker Adunni Noibi felt sick. Yet when the mother of three stopped at her local pharmacy for medication, her debit card wouldn’t work. When […]
Even before the coronavirus pandemic shut down many parts of the U.S. and put millions out of work, Americans held an average of $26,621 in personal debt, excluding mortgages. That’s according to Northwestern Mutual’s 2020 Planning & Progress Study, which surveyed over 2,600 U.S. adults in mid-February. While that’s a staggering amount of debt, it’s actually […]
Only about 25% of homeowners know their mortgage rate, according to a recent survey from Bankrate, while more than half of people with credit card debt don’t know the interest rate they’re paying on their balances, a 2018 CreditCards.com survey found. If you don’t know your interest rates, you don’t know how much you’re really […]
Many entrepreneurs have a background in finance and investing, which certainly comes in handy while growing a business from the ground up. However, others do not have that background, and in worrisome economic times like these, that lack of financial literacy may be a burden on your business. If you’re in need of a financial […]
Social Security is one of the most important entitlement programs in U.S. history, and it’s in dire financial trouble. Both current and future retirees need to pay attention to the newest trustees report because it’s clear that action needs to be taken soon to avoid a disastrous benefits cut within 15 years. Here’s what you […]
Read the news, and you’ll see staggering numbers on the jobless front. The unemployment rate reached an all-time high of 14.7% in April, and while employees of all ages have been impacted by the COVID-19 crisis, older workers have been hurt to an alarming degree. In April, the unemployment rate among workers aged 55 and […]
Are you ready to retire? You might be looking forward to saying goodbye to the 40-hour work week, but financial readiness is a different thing. In truth, living without a paycheck requires more than some money in the bank and the ability to cash Social Security checks. You also need to have the right financial […]
As of May 1, 2020, 30 million Americans have filed initial unemployment claims. That number is only expected to rise as businesses continue to furlough and lay off workers as a direct result of the coronavirus pandemic. During this spike in joblessness claims, many people may be considering alternative sources of financing to help themselves stay afloat. Aside […]
As the country starts to reopen its economy amid the coronavirus pandemic, Americans of all ages are still trying to figure out the path forward. Many have lost income, may be struggling with a small business or are dealing with child-care issues. But those in their 40s, the younger end of Generation X, have their […]
The U.S. economy stalled out in a big way in March and April of this year, as whole communities shut down to contain the spread of COVID-19. But now that stay-in-place orders are being loosened or lifted entirely, we may be headed for better economic times soon. A shift to a more stable economy would […]
