Preparing for Healthcare Costs in Retirement
Retirement planning is like embarking on a journey, and while we often focus on destinations like travel, leisure, or spending time with loved ones, there’s a vital aspect that’s sometimes overlooked—healthcare expenses in retirement. As we age, healthcare costs tend to increase, and being prepared for them is just as important as having a well-paved financial path to your dream retirement.
U.S. Economy: Soft Landing or Delayed Recession?
Economists have been predicting a recession for the U.S. economy ever since the Federal Reserve began aggressively raising interest rates in 2022. This is Econ 101. High interest rates, which make it more expensive to borrow, are intended to tame inflation by slowing business and consumer spending.
Debt Dilemmas 2023: Navigating the Fine Line Between Dreams and Financial Stress
Being in debt can have a detrimental impact on financial well-being, causing stress, limiting future opportunities, and hampering the ability to achieve long-term goals. It often leads to interest payments, reduced disposable income, and a cycle that can be challenging to break free from.
National Veterans Small Business Week
National Veterans Small Business Week is a dedicated time to recognize and celebrate the contributions of veterans, National Guard and Reserve members, service members, and military spouse entrepreneurs and their impact on the business world.
What is Taxable in Non-Taxable Retirement Income?
Retirement is a significant milestone in life, and understanding how retirement income is taxed is essential for planning and maintaining financial security during your golden years. By understanding these distinctions, individuals, and families can make informed decisions to optimize their retirement finances.
Personal finance lessons for college students
Leaving home and heading for college is exciting and daunting at the same time. A whole new set of responsibilities are thrust upon the shoulders of these young adults. Financial obligations suddenly become real.
Financial Literacy: Navigating Your Financial Journey
Financial literacy is the empowering knowledge and skills needed to make informed decisions about money, investments, and personal finances. It's the key to mastering your financial present and securing a more prosperous future.
A Spooky Guide to Avoiding Money Pitfalls
October is a month of spooky surprises, and it’s also a time when financial pitfalls can unexpectedly creep up. Let’s take a look at some common financial pitfalls that tend to haunt people during this spooky month and provide tips on how to avoid them.
National Retirement Security Month (NRSM)
Americans face significant difficulties when it comes to having enough money to last them through retirement. According to the latest CNBC Your Money survey conducted by SurveyMonkey, more than half (56 percent) of Americans agree they’re not on track to retire comfortably.
Student Loan Repayments Resumed in October
After a pause of more than three years, interest on federal student loans resumed on September 1, 2023. This means that in October, more than 43 million Americans will need to start repaying loans.