The founder, chairman, and CEO of Blackstone, Stephen Schwarzman, is advocating for immediate legislative action to improve the lives of struggling Americans, including a substantial increase in the minimum wage. Schwarzman is pushing for what he calls “Marshall Plan for the Middle Class,” named for the American-led fund that rebuilt Europe from rubble after World […]
The weird thing about insurance is that you never know when you may need it, so you buy it in the hopes that you never need it. Still, many people loyally buy insurance from the same firm year after year like it’s a fast-food item, instead of considering their actual needs. Here are four mistakes […]
Employment options don’t increase as we get older. Your work position may not be safe, even if you have decades of employment under your belt. More than 2 million Americans were forced into early retirement recently. And of that number, 55% automatically became financially insecure as a result. If you have been offered early retirement, […]
Most people say that you regret the things you didn’t do more than things you did. Such regrets are common when it comes to retirement planning. More than 76% of retirees have at least one one regret when it came to planning for their retirement. You may have a lot more than one regret you […]
The average cost of a routine dental examination ranges between $100 to $400. If you damage teeth and need specialized work done, then things can get pricier. The cost of one dental implant can cost anywhere between $1,000 to $3,000, or more. Especially without dental coverage. If you are concerned about saving money, your dental […]
Debt has become part and parcel of our life today. Studies show that the average American carries roughly $38,000 in debt, excluding mortgages. Sometimes, a debt burden can grow too large to bear. As a result, you could get caught in what experts call the “debt cycle” — a situation where you have to borrow […]
If there is one thing that married life and divorce teach you, it’s that you have to take your personal finances much more seriously thereafter. Alimony, debt, and legal fights can tie up the finances of divorcees for years after separating. And it is folly to believe that only young and middle-aged people get divorced. […]
The goal of a parent is to raise children who can learn to take care of themselves personally and financially. Sometimes we don’t succeed. More than 75% of Americans are still paying some or most of the debts and bills of their adult children. And almost 18% of adults between the ages of 25 to […]
Capital gains tax is a tax that is levied on the profit you make when you sell an asset. The rate of tax depends on how long you have held the asset and your income level. Capital gains tax traps are common, and they can result in you paying more taxes than you should. In […]
Have jobs with pensions all but disappeared from the American job scene? It might seem so, what will so many highly paid professionals boasting of their seven-figure 401(k) balances. Yet millions of Americans have nothing saved for their future retirement needs and will depend on the meager payout of Social Security to get by. Many […]
