Employer-sponsored retirement accounts began as do-it-yourself savings plans. You decided if you wanted to save, if so how much — and how to invest that money. Unfortunately, many participants were lost in the process. Rather than figure it out, they just sat it out.
In recent weeks, high profile Republican and House Speaker Paul Ryan has become an outspoken critic of the Department of Labor’s fiduciary rule.
Boomers are packing up their McMansions and making a lifestyle change. Moving from their houses with room for the kids and making room for their RV. In some cases, walk-in closets are being replaced with a drive-through home.
It came in the mail and you just had to stare at it for a while. Your first real credit card. Not a debit card or one of those pre-paid or deposit-secured cards. The real thing. Shiny, new and ready for a real swiping.
Transunion, the credit reporting agency, estimates that the average person carries about $5,000 in credit card debt. That’s a big number, but it is easy to fall in a deep, dark financial hole if you’re not careful.
Last week, the Dave Ramsey conflict of interest issue raised a few concerns that investors should be reminded of. First, you can’t assume an expert’s advice is always right. Second, you must know how an advisor is paid. And third, it’s important to remember that, by and large, Wall Street is a rigged game.
Hello, physical therapist. Meet the airline pilot. That match will make the Tinder sparks fly. The hook-up app began integrating occupation and education info into user profiles three months ago, and has found the most right-swiped jobs.
Presidential campaigns are rarely this entertaining. But when Donald Trump entered the ring and started swinging, things got interesting. And while financial advisors generally — and wisely — avoid political conversations with their clients, a recent poll yielded some interesting insights.
Let’s say you wanted to snub your nose at the Corporate Global Machine and have vowed to live a noble life, spiritually guided and financially modest. Swearing off debt. Denouncing materialism. But you still need a job, right? You’ll probably need a good credit score to qualify. And yes, you want to live a minimalist life, but you’ve got have cable. I mean, if for nothing more than the Discovery Channel. Credit check. Want to rent a humble casa? Sign here and we’ll see if you qualify.
A few years ago, getting a mortgage loan was a humbling task. You’d wait in the lobby of a bank for a loan officer to usher you to a desk where you’d plead your worthiness. It didn’t feel like banks needed or even wanted your business; it seemed more like they were doing you a favor by even considering you for a loan.
And then came the great online equalizer, websites empowering consumers to shop mortgage rates, terms and lenders, and fire off their applications. Gone were the days of hat-in-hand borrowing — and, theoretically at least, discrimination. If they can’t see you, lenders can’t discriminate, right?
Social Security is a safety net for millions of Americans, either for retirement, disability or for the survivors of a qualified deceased family member. But there are situations when those benefits can be cut off or curtailed. Owing the government money — even for student loans — is one trigger. Continue reading “You Can Lose Your Social Security Benefits — Here’s How”