Five ways to bounce back from a summer of spending
Summer is the time to cut loose. Unfortunately, it can also mean cutting loose financially. Those sunny months bring endless opportunities for traveling and socializing. The biggest driver of summer overspending is the lack of a set budget for most things: holiday weekends, graduation parties, vacations, barbecues and family gatherings, summer camp, activities with the […]
Here’s how much money millennials are saving for retirement
Young people have high hopes for their financial futures: 53 percent of millennials (defined here as those aged 21 to 37) expect to become millionaires at some point in their lives, if they aren’t already, according to a recent survey from TD Ameritrade. But to reach that goal, they need to sock away some serious […]
Beware conventional wisdom when planning for retirement
If you read a lot about retirement you have no doubt come across established thinking that asks you to follow the so-called 4% rule and to choose a Social Security start date after conducting a break-even analysis. These well-recognized strategies may have problems. Let’s take a closer look. Deciding to draw down retirement assets using […]
4 Questions to Answer Before Transferring a Balance
If you have credit card debt, transferring a balance to a new card can give you a chance to catch up on your payments without sinking further into debt under the weight of outrageous interest rates. But it isn’t always the best move, and it could even make your financial situation worse. Here are a […]