Shelter-in-place orders have urged most Americans to stay home, freeing hours of time otherwise spent commuting or working at an office. They’re also getting creative about how they use this time, including running around the neighborhood, learning a new language, taking long walks with their dogs and cooking more. Some Reddit users say if this […]
If you have a retirement account- we tell you over and over now is not the time to panic, and that this is a long-term goal. But what about our viewers who are very close to retirement? Those– watching the wild swings in the market with uncertainty? It’s ok to feel anxious about what you […]
If you’ve been dreaming about retirement for decades, you might be itching to retire as soon as you can. And in some scenarios, retiring as early as possible could be a fantastic decision. Early retirement isn’t necessarily for everyone, and there are some cases in which delaying retirement by a few years might be the […]
Whether it’s due to having no credit or bad credit, a day may come when a family member or friend asks you to cosign a loan. Before you answer, you need to give the situation a lot of thought. By cosigning a loan, you’re legally responsible if the other person doesn’t pay or if they die. The […]
FICO, the credit scoring giant, is adjusting how it calculates its three-digit key to your creditworthiness. Consumers who have rising levels of credit card and other debt could see their FICO scores take a hit. But if you already have an above-average score, it might get even healthier. With its new FICO 10 T score, […]
Saving money is harder than it seems. While most people know they need to put aside cash for the future, actually coming up with money to put into retirement accounts and other savings accounts often seems impossible due to pressing expenses you’re facing today. The good news is, there are tried and true tactics that […]
Retiring with at least $1 million in savings is a goal many workers share, but few are able to achieve. Roughly one-quarter of workers have less than $1,000 in savings, according to a 2018 survey from the Employee Benefit Research Institute, and around 80% have less than $250,000 saved. It is possible to become a […]
I might get some flack for this, but I’m being completely honest here, that I have saved so much money since the country has gone on a virtual shutdown. While I would be exaggerating things slightly by saying the country has shut down, because in all actuality it hasn’t, but it feels like 80 percent […]
You may want to brush up on your knowledge of the ins and outs of Social Security before you claim benefits. MassMutual posed 12 questions to 1,500 Americans approaching retirement via an online poll. More than half — 52% — either failed or barely passed. Of those respondents, 33% failed and 19% got a D. […]
Many people dream of early retirement, but achieving that goal is easier said than done. If you’re eager to leave the workforce well ahead of schedule, you’ll need to do the following. 1. Live below your means To retire early, you’ll need to do a good job of building savings. And the best way to ensure […]
To prepare for a loss of income or a large, unexpected expense, the standard advice is to set aside at least three to six months’ worth of living expenses. But only 41% of U.S. adults have stashed away enough to cover just a $1,000 emergency, according to a recent Bankrate survey. Instead of tapping savings, […]
Chances are you’ve received a credit card offer in the mail boasting a 0% APR and considered applying. The thought of no interest for a period of time is enticing, particularly if you want to finance large purchases or debt payoff. But the terms vary by credit card and you may not be aware of […]
