Young people want to save for the future, and about a third of them believe the best way to do that is to stockpile cash. That’s according to a new survey from Bankrate, which found that 30 percent of millennials (those aged 18 to 37) say cash is the best place to put money they […]
As star of HGTV’s “Flip or Flop,” Tarek El Moussa knows a thing or two about buying homes. Beyond purchasing places to flip, the professional house hunter received his real estate license at 21 (he’s 36 now). After the housing bubble burst, he switched gears from selling mega-mansions to flipping properties. He recently gave Realtor.com […]
While taking a vacation is supposed to provide an escape from the stressors of everyday life, managing an escalating travel budget can be anything but relaxing. In fact, the 2017 Stress in America study conducted by the American Psychological Association found that 62 percent of Americans point to money as a primary source of stress. […]
If you want to learn how to make smart investing decisions, save more and eliminate debt, you’re in luck. Today, there are plenty of online personal finance courses offering money-management lessons. Take the 3rd Decade education program from the TCI Foundation, which is currently in the development stages of transitioning from an in-person to an […]
If you’re young and not planning your golden years, consider yourself normal. “Who in their 20s thinks about retirement?” asks Ben Coombs, a now-retired financial planner. “I know I didn’t.” Other financial planners share that sentiment. “Retirement was a faraway concept, and I gave it no thought,” says Lewis Walker, a certified financial planner at […]
Blue skies, a beach, a nice book. For many, retirement presents an opportunity for relaxation. But for the majority of Americans, that retirement likely will be put off for longer than they expected, a new study finds. Three of five Americans are “very likely” to work about two years longer than planned in order to […]
People with low credit scores may get a bad reputation for being irresponsible with money, but there’s at least one way some are making practical choices this summer. People who have credit scores lower than “prime” — those with scores below 700, according to the frequently-used Fair Isaac Corporation (FICO) scale — are 29% less […]
Nearly half of all Americans with an account at a financial institution hold that account at a credit union. Many who don’t (and some who do) are not entirely clear on how credit unions differ from banks. Here is a quick primer. The history of banking traces back 4,000 years to Mesopotamia. The 18th century […]
For many, retirement presents and opportunity for relaxation. But for the majority of Americans that retirement will likely be put off for longer than they expected, a new study finds. Three of five Americans are “very likely” to work about two years longer than planned in order to meet their personal retirement goals, according to […]
Taxes are a fact of life, even in retirement. How much you will be required to pay could have an effect on your lifestyle during this phase of your life. Whether you’re just beginning this new chapter or are already in retirement, it’s important to understand the potential tax impacts as you move through the […]
Embrace Your Low-Risk Options When it comes to short term savings, you’re going to want to stash them somewhere that’s low risk and easily accessible—a big tax headache or added fees when you’re in the process of buying a home (or boat) is the last thing you want. That said, Michael Ciccone, a New Jersey-based […]
Most people want more money. More money is better than less money, right? That is the conventional wisdom. But there are lots of people who really aren’t interested in more money, unless perhaps you just gave it to them unconditionally. What I mean is that most people want more money, but aren’t willing to do what […]
