How Car Loans Can Impact Americans’ Retirement Goals
Car loans have become a staple in the American financial landscape. With the allure of new vehicles and easy financing options, many consumers taking on significant debt to drive their dream cars. However, this convenience comes with a hidden cost that could impact their retirement goals,...
Interest Rates on Federal Student Loans Jump to Decade Highs for 2024-2025 Year
Every May, interest rates on federal student loans are reset for the upcoming school year. The rates are calculated by combining the yield on the 10-year U.S. Treasury note with an extra fixed amount set by Congress. Based on this calculation, interest rates on federal student...
A Good Credit Score Matters Even After You Retire
If you are one of the smart retirees who has paid off your credit cards, cars, and mortgage and has enough money (saved and invested) to sustain yourself throughout retirement, you no longer require a good credit score, right? Wrong! Many retirees often overlook the importance...
Celebrating National Financial Freedom Day
While most Americans focus on July 4th and Independence Day celebrations, July 1st is also important: National Financial Freedom Day. This is a day that reminds us of the goal of financial independence. But what does that mean? Financial freedom means having enough savings and income from...
Money Stress Can Affect Your Health
While various factors can trigger headaches, one significant contributor that often goes overlooked is financial and money stress. There is a strong connection between money issues and stress, which can significantly affect your health. The Impact of Financial Stress on Health Financial stress occurs when individuals feel...
Debt Awareness Week – March 25-31
Amid a cost of living crisis, with escalating prices for basic necessities, it's evident that many households across the US will face financial challenges in 2024. Yet, our research indicates that many don't seek assistance due to a lack of understanding about debt awareness week...
Financial Self-Care: Prioritizing Your Well-being in 2024
Welcome to a new year, a fresh chapter where your financial well-being takes center stage. As per PwC's 2023 Employee Financial Wellness Survey, stress levels are increasing, with more and more Americans finding it challenging to meet monthly household expenses. Escalating concerns like student loan debt,...
Rebuilding Finances after Unexpected Expenses in 2024
The Great Reset: Rebuilding Financial Health After Unexpected Expenses 2024 Life has a way of throwing unexpected curveballs, and when it comes to your finances, unforeseen expenses can be particularly challenging. 2023 has been a challenge for many Americans. The cost of living crisis and inflation caused...
Millennial Money: Building Wealth in Your 30s and 40s
Building Wealth and Financial Security in Your 30s and 40s “As millennials navigate the unique financial landscape of their 30s and 40s, Martin Walcoe, President & CEO of David Lerner Associates, emphasizes the paramount importance of building wealth and securing financial stability. This pivotal stage in...
College Cost Data Released for 2023-2024
Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country. Over the past 20 years, the average...