If you are under 30, you have likely heard that now is the ideal time to save and invest. You know that the power of compound interest is on your side; you recognize the potential advantages of an early start.
There is only one […]
Does your credit history partly determine the cost of your life insurance? It may. The potential for such a relationship may surprise you – and the relationship is not without controversy.
Insurers think a good credit history implies several things. It signals a consumer […]
You may know victims of financial elder abuse. According to a new Wells Fargo Elder Needs Survey, almost half of Americans do.1
As you read or hear stories about seniors being financially exploited, you may think: not me, I would never fall prey to that in […]
When President Trump signed the Tax Cuts & Jobs Act into law late in 2017, new possibilities emerged for the tax-advantaged investment vehicles known as 529 college savings plans. Funds from these accounts may now be used to pay for qualified elementary and secondary […]
Shopping for life insurance means paying attention to detail. In scrutinizing these details, however, some fundamental, big-picture truths may be ignored.
If you want to renew or upgrade coverage later in life, the terms could be less than ideal. You may be healthier than […]
Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin?
Nearly everyone can save something. Even small cash savings may be the start of something big if they are invested wisely.
The median retirement age for an American woman is 62. The Federal Reserve says so in its most recent Survey of Household Economics and Decisionmaking (2017). Sixty-two, of course, is the age when seniors first become eligible for Social Security retirement benefits. This factoid seems to […]
No insurance policy will protect you from everything. Even the most comprehensive umbrella liability policy has its shortcomings. A good auto, homeowner, or renter policy will insure you against what the carrier believes to be common threats. There are other risks, however, that you might need […]
When you talk with traditional financial planners, this will almost always be the very first question out of their mouths.
It seems like a fair question.
But is it really the right question?
I don’t think it is. In fact, the question itself raises a number of other questions we […]
Uncle Sam is feeling the squeeze.
The most recent U.S. Treasury Department monthly statement revealed a troubling trend.
Revenue is falling.
In the report for the period ending Feb. 28, total federal revenues came in at $3.275 trillion. This was 1.1 percent lower than the $3.31 trillion reported for the same period one year ago. It […]