Insolvencies up in 2019
Business insolvency filings rise for first time since 2001 The Office of the Superintendent of Bankruptcy says the total of number of insolvency filings grew by 9.3 per cent to 140,858 last year with consumers leading the way and business filings rising for the first time since 2001. More than 97 per cent of insolvency […]
Waited Too Long to Address Retirement? Do These 4 Things Now
The procrastination struggle is real. We put off cleaning the toilet, getting the oil changed in the car, and organizing our financial documents. But perhaps the biggest thing we wait on is saving for retirement. According to Fidelity’s 2020 Retirement Savings Assessment, 46% of working American households are at risk of not being able to […]
These 3 Steps Will Help You Retire Early
For many workers, retirement can’t come soon enough. You may be yearning for the day you can stop setting the alarm clock and start spending your time however you please, and early retirement may sound like a dream come true. But that dream can quickly turn into a nightmare if you’re not prepared because there’s […]
This could be the most important retirement savings vehicle for 2020
Health care continues to get exponentially more expensive as medical therapies advance and people live longer. According to a report by HealthView Services, total lifetime health care costs for a healthy 65-year-old couple retiring this year are projected to be $387,644 in today’s dollars ($572,960 in future dollars). This includes premiums for Medicare Parts B […]
Trump looks to kill student loan forgiveness program
As student debt continues to climb, President Donald Trump on Monday released a budget for 2021 that would slash many of the programs aimed at helping borrowers. Student loan spending would be cut by $170 billion in Trump’s plan, titled “A Budget for America’s Future.” The reductions include “sensible annual and lifetime loan limits” for […]