Avoid financial stress by educating yourself, budgeting, paying bills on time, reviewing your credit report, and taking advantage of tools to increase your financial literacy.... more
Look for ways to keep up with higher costs of living, including asking for cost-of-living pay increases, downsizing or relocating, and budgeting daily expenses.... more
Supply and demand, environmental regulations, world conflicts, and various federal, state, and local taxes, are all contributing to the current high gasoline price situation.... more
Retirees need to consider rising healthcare costs, relocation and living expenses, and the amount of income that will be needed when taking into account the costs of retirement.... more
Discussing with your partner all of your financial options, such as whether or not you will commingle funds, is essential to building trust in a marriage.... more
You can find Inexpensive programs, automatic data importation, and security features when shopping for budgeting software and apps to manage your financial well-being.... more
Many tax law changes that were enacted during the pandemic to assist small businesses have expired, so make sure your business is in compliance with the revised provisions.... more
Make sure you understand all of the health insurance options available to you at retirement, including Medicare and private medical insurance coverage.... more
It is important to explore the costs and benefits of long-term care insurance so that you and your loved ones are prepared when services become needed.... more
Educating yourself, creating a plan, and getting help are all necessary components to changing your habits and becoming debt-free in the long run.... more
The increasing proliferation of credit card scams, together with the sophistication of scammers, require constant vigilance by consumers to protect their account information.... more
Read why this is a good time to take stock of your discretionary spending and your investment strategy, in view of the current high inflation and supply chain shortages.... more
With costs increasing every year, paying for a college education requires a careful review of all of the options available, including 529 plans, scholarships, and loans.... more
Whether you use a paper spreadsheet or a software program, take the time to input the necessary information and get started on preparing a budget for your financial well-being.... more
Life stages have both beginnings and endings. And retirement is no exception. Whatever your plans for retirement are, they should include downsizing.... more
With market fluctuations common, learn how to build your portfolio to weather the risks, how you should diversify, and what to do when a market correction occurs.... more
If you are experiencing financial difficulties, a loan or hardship withdrawal from your employer-sponsored retirement plan may be the solution.... more
If you are researching long-term care insurance, make sure you consider the pros and cons, including benefits, costs, and your personal resources and medical history.... more
With 2021 ended, now is the time to review changes in the tax laws, such as charitable deductions and retirement contributions, so as to be ready for the April 15 filing deadline.... more
Recent legislation has made important changes to the timing, amount, and age at which required minimum distributions must be made from retirement accounts.... more
Another strategy available to consumers to lower personal debt was through refinancing a mortgage, where rates were at historically low levels.... more