We are caught up in our hectic daily lives as we try to juggle our personal and professional responsibilities. With the current financially uncertain times adding to our woes, it is critical that we stay on top of things by managing our money and simplifying our finances. Whether you are a young adult embarking on […]
A power of attorney (POA) is a legal document giving someone the authority to act on behalf of another person in specific or all legal or financial matters. This kind of document becomes important if a person is incapacitated or unable to make decisions on their own, say if they get sick or fall into […]
Even if you are not close to retirement, many investors be looking closely at dividend-producing assets. There are many, including real estate in the form of REITs, dividend stocks and certain closed-end funds (CEFs) and exchange-traded funds (ETFs). While each has its benefits and drawbacks, all are able to produce income. You may think that […]
The average driver in New York City pays more than $5,400 a year for parking, while the average for other major cities was between $2,000 to $3,000. Sound like a lot? Try San Francisco. A San Francisco Bay Area realtor named Bill Williams is selling a parking space in a parking garage connected to a […]
The World Health Organization warned on March 3, 2020 that COVID-19 might be transmissible via banknote handling. According to the WHO, coronavirus particles might be able to live on cash for a few days. China’s central bank recently announced that it would sanitize its yuan notes, exposing them to high temperatures and ultraviolet light, and […]
Many retirees assume that once they start collecting Social Security the benefit is set in stone, a fixed number that shows up every month no matter what else they’re doing. So they take on part-time work, or pick up consulting clients, or go back to a job they love without giving it a second thought. […]
Having worked hard all your adult life to save money and create a nest egg for your retirement years, you cannot afford to fall into a trap that could wipe out your hard-earned savings. Apart from watching your nest egg, pay careful attention these eight potential expense items, losses and mistakes that could erode your […]
Many people ruin their lives by gambling or by taking on too much personal, credit card, or bank debt. But one of the most unmanageable types of debt you may encounter in life is medical debt. It doesn’t matter if you are young or elderly, all types of Americans are struggling with medical debt. Collectively, […]
It is more likely than not that you may end up working at least part-time in your retirement. All of us are not going to be able to live out the idealized version of retirement that we see in popular media. Most Americans are woefully unprepared financially for retirement. So, can working part-time negatively affect […]
Bill Gates, currently the second-wealthiest individual in the world, says that his extreme wealth is hard proof that the economy is not fair. Gates’s net worth is estimated to be just short of $109 billion. In a blog post, Gates wrote, “The distance between top and bottom incomes in the United States is much greater than […]
