Retirement should technically be a wondrous time of life where you stop living to work and start working on living. However, retirement in real life is nothing like the pop-culture depictions of retirement that we are used to seeing. Retirement is a journey, not a goal. It is an elderly lifestyle funding account that must […]
Taking stock of your financial situation is a vital step towards building a strong foundation for your future. One key aspect of understanding your overall financial health is calculating your personal net worth. Net worth provides a snapshot of your financial standing by measuring the difference between your assets and liabilities. In this blog, we […]
A credit score is a lot like your personal economic statement. Getting a credit score boost improves your money life immediately. Any time you apply for a loan, a mortgage, a new credit card, or even funding for your own business, your credit score will be used to determine your fiscal reliability. Many people are […]
A growing percentage of people with unmanageable debt or student loan debt are senior citizens. A recent Georgetown University study documented the cultural and financial fallout of elderly debtors. The number of people aged 60 and over with student loan debt numbered 700,000. That estimate later exploded to over 2.8 million. In a single year, […]
It’s amazing how much money rules our lives. The average person will barely make $1 million over the course of a working lifetime. Meanwhile, in the United States and all over the world, a minuscule percentage of the population controls the majority of all wealth, untold billions of dollars. Some of very rich created their […]
Retirement income is usually generated from three key sources: IRAs and other retirement plans, Social Security benefits, and returns on savings and investments. Based on how much you earn during retirement, you may consider these time-tested tax strategies to maximize your financial advantage. Choose a tax-friendly destination to retire One of the simplest and most […]
When faced with an unforeseen financial situation, cash is your best friend. You should know how to generate quick cash flows without having to dip into your emergency funds or take expensive personal loans. With this in mind, we’ve rounded up five proven ways to make money right now. Sell unwanted stuff The old-school way […]
Looking for a luxury used car you can buy cheap? Careful what you wish for. First-time owners of luxury vehicles don’t always appreciate maintenance and repair costs. Uninformed buyers may be unwittingly aiding the, “pre-owned” market for luxury cars. Affordably priced and shortly-owned luxury cars can be a boon to budget-conscious status seekers — if […]
Did you know that about 45% of Americans pay nothing in federal income taxes? Almost 80 million American households paid zero in federal taxes in 2018. This isn’t an issue of tax avoidance. People who make less than $10,000 a year are exempt, though they still pay payroll and sales taxes. Many people also benefited […]
Social Security benefits are an important source of income for many retirees. It is essential to know how much you are eligible to receive in benefits and the various options available to you for taking those benefits. In this blog, we will discuss how to find out your personal Social Security benefits and the options […]
