Take control of your financial future
For the past few decades, consumers have been somewhat limited as to how often they can see what's in their credit history. As a matter of fact, it wasn't until the Fair and Accurate Credit Transactions Act of 2003 that you could actually request a credit report for free from each of the three major... Continue Reading →
Last week, the U.S. Federal Reserve met and published its meeting minutes to the public on September 20th. It was the decision of the Federal Open Market Committee (FOMC) not to raise interest rates as they had done for 11 of the 12 meetings prior. This means the federal lending rate will remain steady at... Continue Reading →
With home prices at an all-time high and interest rates surging, does it make sense to withdraw money from your retirement savings to buy your next house? According to a new survey by the nonprofit Transamerica Center for Retirement Studies (TCRS) in collaboration with the Transamerica Institute, it appears many people are already exercising this... Continue Reading →
Lots of people think that to be better off financially they need to get a big raise at work or win the lottery. However, while those events would be nice if they happened, they’re certainly not necessary to improve your situation with money. There are plenty of small changes a person can make to their... Continue Reading →
People love buying stuff! The thrill of getting new things releases dopamine in your brain and can make you good - even if it's just temporary. However, those purchases come with a cost - sometimes requiring a loan that turns into several years of debt. That can quickly turn that no purchase sour and make... Continue Reading →
You've probably heard more than once how important it is to save your money in a 401(k)-retirement plan. Traditionally, doing this will slowly build long-term wealth as your contributions get invested and grow thanks to the compound interest effect. However, is a 401(k) always the best route to go? Could there be times when other... Continue Reading →
It’s often said that money is something that will control you if you don’t learn to control it first. Lately, that’s something many people are finding out firsthand. According to a Mind Over Money survey from Capital One and The Decision Lab, 77 percent of Americans say they are feeling anxious about their financial situation.... Continue Reading →
When applying for any new line of credit, especially a major one like a mortgage or auto loan, the lender needs some reassurance that you’ll be able to make your payments. In addition to checking your credit score, another metric that they’ll be interested in is something called your debt-to-income ratio. This figure is simply... Continue Reading →
Setting up a new investment or retirement account is a fairly straightforward process. However, the hard part comes when you’re asked to pick which investments you’d like to have. There are literally an infinite number of combinations you could choose for your investment portfolio. So how is someone (especially a non-financial professional) supposed to know... Continue Reading →
According to a survey by the Alliance for Lifetime Income (ALI), nearly half of American consumers between the ages of 45 and 75 feel they do not have enough retirement savings to last their lifetime. While this could be attributed to many different reasons, one of the most prevailing may be in their approach. Retirement... Continue Reading →
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