When it comes to your money life, the opportunities to make mistakes can come fast and furious. If they are not corrected, they could lead to a compounding effect that can be devastating to achieving the goals you value most. Money Mistake #1: Not taking ownership of your financial life. This common error, for many, […]
The Crushing Effects Of Medical Debt How pervasive is America’s medical debt problem? According to 2017 data from the credit bureau Experian, unpaid medical debt in America topped $127 billion. New data from Consumer Reports shows that almost 30% of insured Americans had unpaid medical debt turned over to collection agencies in the past two […]
We’re often wired to believe that getting promoted is great for our careers. But in some cases, that’s far from true. Imagine you’re offered a promotion that comes with a minimal salary boost and a ton more work. Suddenly, you’re clocking in consistently longer hours and having less time to yourself, and all for the […]
How do you tap a nest egg without depleting it too soon? To help new retirees navigate withdrawals, advisers often recommend the “4 percent rule” as a starting point. This strategy is designed to make a portfolio last 30 years — through bear markets and bouts of high inflation. The rule is simple. Retirees in […]
We all make mistakes with our money from time to time. It may be choosing the wrong investment or spending a little too much on a shopping trip. If we’ve been responsible with our money up until this point, we can probably recover from these small mistakes. But some bigger financial missteps can be harder […]
We’re told time and time again that we shouldn’t hesitate to ask for more money at work when we feel we’re underpaid. But what happens when you muster up the courage to request a raise, only to have it denied? It’s a demoralizing situation, and one that can leave a very bad taste in your […]
Last week was a rocky one for the stock market. In a single day, the Dow dropped 832 points, which constituted one of the most substantial declines in its history. The S&P 500 and Nasdaq also took a beating, so much so that if you checked your portfolio at any point last week, there’s a […]
Suze Orman broke the internet earlier this month when she told the “Afford Anything” podcast that those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal. The overwhelming response: Are you nuts, rich lady? Emails poured in, tweetstorms raged, Reddit’s FIRE board lit up and […]
There are still a few months before tax season begins, but for retirees on a fixed income, any hint of a higher tax bill requires careful pre-planning. For the most part, typical American retirees generally have modest incomes and are therefore in relatively low tax brackets. But one thing that many people don’t realize is […]
When you’re in your 20s, retirement can seem impossibly far away. Investing for something that’s some 40 years in the future may feel a bit like taking scarce resources that you need right now and locking them away for a time that might never come. And even it if will, there’s no need to start […]
First off, remember to breathe. A rocky few months for the stock market has created a lot of worry among investors, and it’s not over yet. The Dow Jones Industrial Average DJIA, +1.15% experienced renewed volatility Thursday after falling more than 800 points on Wednesday, the worst one-day fall since February, and 545 points on […]
Certificates of deposit might be thought of simply as a safe haven for cash. But they can pack a punch in the right circumstances. Since 1967, certificates of deposit (CDs) have outperformed the stock market about 30% of the time on the basis of a 1-year return period, said Brian Karimzad, co-founder and senior vice […]
