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...
Leveraging Government Pensions for Retirement Security
According to new research from the National Institute on Retirement Security, 83 percent of Americans say all workers should have a pension. Over 75 percent of Americans agree that those with pensions are more likely to have a secure retirement. Planning for retirement can be daunting,...
Financial and Physical Health: Investing in Wellness
Amid our busy lives, it's often the case that we overlook the intricate relationship between our financial and physical health. However, as research continues to reveal, these two aspects of our lives are deeply intertwined, with each exerting a significant influence on the other. This...
The 50/30/20 Budget Rule as a Guide for Graduates
As recent graduates embark on their journey into the professional world, mastering personal finance becomes crucial to their transition to independence. One popular budgeting framework that has gained traction, especially among young adults, is The 50/30/20 Budget Rule. This rule offers a straightforward approach to managing finances,...
The Vital Role of Fathers as Financial Role Models
Fathers play a crucial role in shaping their children's financial attitudes and behaviors. Beyond providing for their families, fathers serve as mentors, guiding their children toward financial literacy and independence. The significance of fathers as financial role models must be addressed. A recent study shows that...
Father’s Day – How Dads Can Educate Kids on Financial Independence
Father’s Day, celebrated on the third Sunday of June each year, is not just a day for showering dads with gifts and affection; it’s also an excellent opportunity for fathers to impart valuable lessons to their children. One crucial aspect of parenting involves teaching kids about...
Enhancing Retirement Benefits: Innovative Approaches for Life Insurers
Insurance provides vital protection, enhancing retirement benefits and ensuring that your loved ones won’t suffer severe financial strain in the event of an unexpected loss of income, disability, or death. “However, insurance serves more than just protecting dependents in unforeseen circumstances,” advises Joseph Aspelund, Director of...