If you are looking to get the best bang for your retirement bucks, a new analysis suggests looking south. Mississippi, long considered one of the poorest states in the U.S., is actually the best state to stretch retirement funds, according to new data released by GOBankingRates. A “comfortable” retirement in The Magnolia State costs around […]
The early bird gets the worm — advice that might seem pointless to early retirees (unless they plan to go fishing). But they do get more time to enjoy hobbies, travel, or any other activity they didn’t have time for while working. Here’s a closer look at that reason — and two others — to […]
So you’ve decided that consolidation is your best bet for getting a handle on your debt. Consolidating via a personal loan could mean you’ll pay off high-interest debts, simplify your payments and reduce your debt more quickly. Here are five steps for getting a personal loan for debt consolidation, from checking your credit to closing the […]
Throughout my career I’ve learned a lot about the financial world. I came to find out that there are many things which are upheld as “sacred cows” of finance, that typically underperform and are overhyped, but at their worst can be detrimental. And so when compound interest comes up and most people tout its benefits, […]
The decadelong bull market in stocks has helped increase the number of millionaire households in the U.S. to nearly 7.7 million, or about 6.2 percent of total U.S. households. That means they hold $1 million or more in investable assets, excluding the value of real estate, employer-sponsored retirement plans and business partnerships. No doubt some […]
Making smart financial decisions can often seem like a catch-22. You know you should be saving for retirement, but it’s difficult to save when you’re loaded with debt. But put your limited cash toward debt, and you’re missing out on valuable time to save for retirement. Saving for retirement and paying off debt are both […]
Mortgage rates are slumping toward a two-year low, making homeownership a bit more affordable. The 30-year fixed mortgage rate has gone down to 3.82%, from 3.99% last week. Rates on a 15-year fell to 3.28% from 3.46% last week, according to Freddie Mac. But if you think you know the basic financial requirements it takes […]
HOW MUCH MONEY DO YOU need to be rich? According to a 2019 Modern Wealth Survey from Charles Schwab, Americans reported needing an average of $2.3 million in personal net worth to be identified as wealthy. The survey results don’t surprise Nick Giacoumakis, president and founder of New England Investment & Retirement Group Inc. in […]
Kiersten Saunders stumbled upon the FIRE movement — an acronym for “financial independence, retire early” — the way most people do: by reading about it online. But also like most people, she couldn’t relate to its membership, which seemed largely white, male and based in Silicon Valley. “When I first started looking at the FIRE […]
With college getting more and more expensive by the year, many students have no choice but to take out loans to finance their education. But while it’s one thing for a young adult to take on some debt to fund a degree, it’s another thing for parents to rack up debt on behalf of their […]
Despite a healthy economy and growing labor force, 3 out of every 10 American workers who have taken on a side hustle say they need that second job to simply make ends meet. That’s according to Bankrate.com’s latest Side Hustle Survey of 2,550 full-time and part-time working adults conducted online in early May. “Though the […]
Cryptocurrencies are out and cannabis stocks are in, according to the latest investing trends survey by the Financial Planning Association. The 392 financial advisors who participated in this year’s study, the 2019 Trends in Investing Survey, said that 55% of their clients have asked about investing in marijuana stocks and companies in the past six […]
