Pay down debt or save money? How to allocate your cash
It’s one of the most common questions financial advisers hear: should I prioritize paying down debt or building up savings? Americans have a cozy relationship with debt — student loans, credit cards and car loans are commonplace. The Federal Reserve said that consumer borrowing rose $24.5 billion in May alone to hit almost $3.9 trillion. […]
Neuroscientists Explain Why Your Brain Makes Saving Money so Hard
Rare good news for the American saver dropped on Friday: The government says that the household savings rate was basically twice what we thought it was in 2017. That means that people are much better off than we thought, with a savings rate of about 6.7 percent (compared with last year’s reading of 3.4 percent). […]
Track This Simple Metric To Help You Retire Earlier
If you want to retire earlier, especially if you are a late starter to retirement planning, time is not your friend. But there are steps you can take right now to grow your nest egg. A widely established business practice (known colloquially as Pearson’s Law) states: What you measure improves and what you measure and […]
Your Money: Tax efficient retirement spending
Close your eyes and picture your ideal retirement. Some of you are probably on a beach, others may be touring Europe and a good number of people probably are thinking of family get-togethers, surrounded by kids and grandkids. But we’d bet that one thing you aren’t imagining is paying a big tax bill. Unfortunately, that’s […]