The beginning of a new year is an ideal time to reset your finances and work towards a more profitable and productive year. Here is a financial checklist with 12 money steps that will help provide a solid start to a new year. Review your financial goals If you have pre-determined financial goals (such as […]
Rather than hiring an attorney and paying a high fee for a few hours of work, it’s now possible to generate a legal, comprehensive will or trust in just a few clicks from the comfort of your own home at a reasonable price. A will or trust is a legal document that explains your wishes […]
As tax season approaches, you may have questions about filing your federal, state and business taxes. Below are a few tips to help you get prepared. Be organized An accountant’s time is money, so the longer it takes him to sort through your disorganized records, the more he will charge you. Collecting your tax documents […]
A white picket fence surrounding a house with 2.4 children, a dog, a cat, a station wagon. This is the American dream. But owning your own home might not be so dreamy as you approach retirement. In fact, since 1990 homeownership has been decreasing among 55- to 64-year-olds, a trend which experts suggest is likely […]
According to Experian, one of the three major credit bureaus, an individual’s credit score measures his or her likelihood of repaying debts. Credit scores range between 300 and 850 points. Higher credit scores indicate that a borrower is less risky and more likely to make on-time payments. In many cases, credit scores are used to determine […]
Some see early retirement as the kiss of death, but one study has shown this to be a myth. Retiring early can actually lengthen your life. A 2017 study published in the Journal of Health Economics found that for men over 54, retiring early meant that they were 42% less likely to die during the following five […]
As a homeowner, one of your top priorities is protecting your most valuable asset: your home. Homeowners insurance plays a vital role in safeguarding your property, belongings, and financial well-being. While sticking with the same insurance provider may seem convenient, it’s essential to periodically evaluate your options. Switching insurance providers can offer significant benefits and […]
Inflation is a constant threat to the economy. In peak inflationary times, its effect on the cost of living can be brutal. You can expect an increase in the price of your essentials, including food and groceries when demand significantly exceeds supply. With a family to feed on a limited income, you have no option […]
During a financial challenge, a hardship loan may be an option you should explore. A hardship loan can be any money that is borrowed during difficult times, including a personal loan, equity financing, or a loan from a family member or friend. There are safe ways to borrow; however, taking on debt may add to […]
When you are young and actively employed there is no way to predict exactly when you may finally retire, what will be your retirement savings, and how much money you will need for what purposes. While it is comforting to imagine that you have a fairly accurate answer to these questions, chances are you may […]
