Women’s financial independence has come very far since the old days. Yet when it comes to managing money, women still lag far behind men. The silver lining is they know what they don’t know and when to seek help.
If you’re fortunate enough to look forward to a company or state pension, retiring as soon as possible and collecting the benefit may tempt you, or you might want to collect Social Security benefits at the minimum age of 62. Before launching your golden years, consider all effects on delaying retirement and continuing to work.
When the economy and the stock market eventually flag, Wall Street has a convenient scapegoat at the ready: the Federal Reserve and its plan to raise interest rates.
Living paycheck to paycheck causes obvious stress. Even worse, it puts you at risk for financial disaster when an unexpected expense or loss of income drives you to credit cards and mushrooming debt. Here’s how to escape this vicious merry-go-round.
The cost of a college education increases every year, largely unbeknownst to you until you confront the bill. The pile of money you must save is staggering. If you have children, plan for college costs as soon as possible.
The philosophy called socially responsible investing claims that your investments should reflect your values. The most common implementation of SRI is to refuse to invest in certain companies because you disagree with one or all of their practices.
We all hear horror stories of credit cards’ risks, often about people who build up mountains of debt that take a lifetime to pay off. When used responsibly, though, credit cards can be some of your best friends in securing your long-term financial success. Here are a few do’s and don’ts.
You saved your entire life for the day you can retire. You brought up your children and you hope that they enjoy productive lives. Unfortunately, one of your children never seems to grow up: dropped out of school, continually got into trouble. You feel you must keep helping this kid – but can you afford to?
What happens when interest rates rise? Or worse yet, when the markets decide the current bull run is over? A lot of people worry about these two questions. They shouldn’t.
The health of an elderly parent falters and fails, a home for decades gives way to a hospital room and suddenly the longtime source of family unity and strength can’t even live alone anymore. That’s a family challenge that often sends adult children to a financial advisor for help.