Take control of your financial future
If all of the recent turmoil in the banking industry with the failures of major institutions such as Silicon Valley Bank (SVB), Signature Bank, and Credit Suisse has got you worried, then here is something that may put your mind at ease. Just as you’ve got insurance on your home or vehicle in case something... Continue Reading →
If you're considering moving, refinancing your mortgage, or attempting to cash in on the dramatic rise in home prices that's occurred over the past few years, then you may want to pump the breaks. Prospective home shoppers are finding that the overall cost of buying property is substantially more money than it was before the... Continue Reading →
With high inflation becoming stubbornly persistent, the U.S. Federal Reserve has been communicating that high-interest rates might be here to stay for longer than most financial experts previously believed. While that will have some short-term negative effects on business and the stock market, the good news is that this may be a once-in-a-decade opportunity for... Continue Reading →
Does your workplace offer both traditional and Roth-style 401(k) plans? Traditional plans (i.e., money is taken out of your paycheck pre-tax) have been the industry standard for several decades now. However, Roth-style plans (i.e., money that gets saved on a post-tax basis) have become very popular given that they provide accountholders with tax-free income when... Continue Reading →
Millennials have certainly endured their fair share of economic challenges over the past few decades. Defined as anyone born between 1981 to 1996, many of these individuals struggled to find or keep a job during the Great Recession of 2008. In fact, well-known millennial blogger Grant Sabatier shares in his book Financial Freedom how he... Continue Reading →
Most people know that if you don’t pay off your credit cards each month you’ll be charged interest. However, for one reason or another, so many of us allow this debt to accumulate anyways. According to research by Go Banking Rates, more than half (53 percent) of Americans carry a revolving balance on their credit... Continue Reading →
Lately when you've been shopping online with major retailers, you've probably noticed a new payment that makes the price look much "smaller" than it really is. If you were to click this option, you'd be taking advantage of a service called "Buy Now, Pay Later". Buy Now, Pay Later is when the total price of... Continue Reading →
On December 23, 2022, President Biden signed into law a $1.7 trillion budget bill that included some incredibly major changes for the retirement plans that people like you and I use each day. This section of the legislation has been dubbed the SECURE 2.0 Act of 2022. (Just for reference, SECURE stands for “Setting Every... Continue Reading →
Why is it that some people become millionaires and others don't? Is it because they're the beneficiaries of wealth handed down from older family members who were rich? Surprisingly, no! Surprisingly, a lot of today's millionaires are self-made and came from humble beginnings not much different than you and me. Thanks to more economic opportunities... Continue Reading →
While millions of federal student loan borrowers are eagerly awaiting to see if the supreme court allows President Biden to fulfill his promise of forgiving as much as $20,000 in debt per student, the Department of Education has silently released the details of a new student loan repayment plan - one that could be just... Continue Reading →
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