Estate Planning Essential Documents
According to the American Bar Association, more than half of Americans pass away without a will or an estate plan. If you consider the age when a person should be giving serious thought to these things, 62% of Americans aged 45-54, and an even higher percentage of women that age have not drafted wills. Here is a brief overview of the types of documents that are essential to any estate plan, and the reasons why.
3 Steps to Eliminate Credit Card Debt
When it comes to debt, it can be debated whether there is such a thing as "good" or "bad" debt. Either way, eliminating credit card debt is always a good idea. Consider these three steps for getting out of credit card debt.
Death and Debt
The death of a spouse is heartbreaking and something that no one really wants to think about. Unfortunately, it is something that needs to be considered and a plan put in place to ease the major adjustment in one is life. The surviving spouse faces more than just overwhelming emotions - he or she may also face the challenge of handling a loved one is outstanding debts.
5 Steps for a Better Retirement
Do you worry about your retirement? According to experts, you should be worried. A Government Accountability Office analysis found that average Americans between the ages of 55 and 64 have saved only about $104,000 in retirement savings.
Financial Lessons for College Students
Almost 2 million students are expected to graduate this year, and according to some reports they will be entering a very positive job market. Along with many other freedoms graduates will experience once they end their school career, they will also have to manage their own finances, probably for the first time.
Millennials Most Common Money Mistakes
Although young Americans who graduated this year are better off than their older siblings, they are still feeling some effects of the Great Recession. One thing they are doing right is starting to save earlier than previous generations, but their biggest money mistakes are not saving enough and holding what they do save in cash.
5 Personal Finance Tips for Women
While most financial tips apply to everyone, there are some that are more relevant to women. 90% of women will have to manage their finances on their own at some point in their life and unfortunately too many women lack confidence and hesitate to take control of their finances.
How to Manage Credit Card Debt
American Credit Card Debt Statistics now show that the average American household debt is over $5,500. The average for balance-carrying households is over $16,000 with a total outstanding U.S. consumer debt of $3.4 trillion.