Department of Education Launches New SAVE Income-Driven Repayment Plan
The Department of Education recently launched the most generous federal student loan income-driven repayment (IDR) plan to date — the Saving on a Valuable Education (SAVE) Plan. ...
National Business Women’s Week: October 15th – October 21st
Women in the United States continue to make significant strides in business and other aspects of American life. According to the Census Bureau, as of 2019, there were over 13 million women-owned firms in the US, employing approximately 9 million people and generating $1.8 trillion...
October is Financial Planning Month
Only 33% of Americans have a written financial plan, according to Schwab's Modern Wealth Survey. Of the rest, almost half said they didn't have enough money to make a plan worthwhile. Others said it was too complicated, or they didn't have time to develop a...
Strategies for Catching Up on Retirement Savings in Your 40s and 50s
In an ideal world, you diligently set aside a substantial portion of your annual income in a retirement account. Over time, this money would accrue interest, compounds its growth, and ultimately positions you to enjoy a comfortable retirement, perhaps even an early one....
When to Invest Your Savings?
Investing your money when you have a big goal, enough savings for emergencies, and know how much risk you can handle. Avoid investing when burdened with high-interest debt or facing short-term financial needs....
Financial Planning Week: October 2nd – October 8th
Every year, Financial Planning Week is celebrated to raise awareness about the importance of financial planning, practical financial plans, and working with certified financial planners among American consumers....
Are Investing and Saving the same?
Money can seem complicated especially when people use terms you don’t understand. Your financial success is important. Recent research shows that over one in three Americans (36 percent) lack financial literacy....
Revamped FAFSA Streamlining College Aid in 2024-25
Big changes are coming to the FAFSA application, for the 2024-25 cycle! In a significant development for prospective college students across the United States, an eagerly awaited, user-friendly version of the FAFSA (Free Application for Federal Student Aid) is set to debut later this year....
Why Women Have Less 401(k) Savings than Men on Average
In this article, we delve into the key reasons why, despite women having better saving habits (consistently enrolling in their plans at higher rates and contributing a bigger cut of their paychecks) , they tend to have less 401(k) savings on average....
What Can a College Savings Plan Be Used For?
In this article, we explore the versatility and potential of a 529 College Savings Plan, shedding light on the essential expenses it covers and ensuring that your loved ones have the necessary financial support to thrive during their college years....