Personal Finance
You don’t think look old enough yet but, in reality, the day is right around the corner when you can actually begin to take Social Security benefits. That day is when you turn 62. But that day is very likely that is not the day you want to alert Social Security that you are ready […]
Are you an investor that is socially conscious, “green” or ethical? Someone who wants to make sure your investment goes into a company that makes a difference? If you are one of these types of investors, you may want to explore socially responsible investing (SRI). Finding socially responsible stocks can be challenging. There are quite […]
As the U.S. economy continues to consolidate and improve, now is the best time to get a handle on your personal finances and work toward achieving financial freedom. Many people fail to meet the goal of financial freedom because of poor budgeting, uncontrolled spending and crushing debt. Here are 10 strategies to get your financial […]
When someone uses your personal information without permission to open an account or access your financial records, that’s identity theft, and it’s a serious crime. The identity thief may use your information to apply for credit, file taxes, or get medical services. These acts can damage your credit status and cost you time and money […]
Two years ago the 30-year fixed mortgage rate was 4.6%. Today it is 2.9%. If your mortgage is in the high threes, you should consider refinancing. Refinancing would lower your monthly payment, freeing up cash for other uses. If you have high interest debt, you could pay it off with a cash out refinance. A […]
Sending a child to college is an expensive proposition. Sending a second child to college while still paying for the first child’s tuition and fees and room and board is just piling on. In the time of Covid-19, quarantines and remote learning, paying to “send’’ a child to college when they actually don’t go anywhere […]
You’ve saved your pennies and dimes and now it’s time to head out on your lifetime adventure, either by yourself or with your significant other. With the financial landscape in a constant state of flux, it can be intimidating to try and plan your grand trip (or trips). Let’s look into costs that may affect […]
One of the challenges of planning for retirement is that an unexpected event, like divorce, can dramatically change your retirement income needs. If you were counting on your spouse’s Social Security benefits to provide some of your retirement income, what happens now that you’re divorced? Social Security law can be complicated, and you may unknowingly […]
To calculate your net worth, just subtract your liabilities (what you owe) from your assets (what you own). While the equation is simple, it’s important to get a snapshot of your finances and understand where you are on the path to achieving your financial goals. First, assets Your assets are the things you own. They […]
You have a financial advisor in order to make certain you have budgeted your money correctly, have planned for future financial needs, and, in some cases, to turn some of your money into more money. Your financial advisor is not working for free. He or she is charging you for their services. You need to […]
