Whether you’re just starting out in life, mid-career, preparing for retirement or living in it, there are smart money moves you can make to help you stay on track financially, take advantage of opportunities and have a game plan when the unexpected occurs. Continue reading
In a volatile stock market, your emotions might let new highs and record lows drive your short-term decisions. The drastic ups and downs can make you feel confident one day and queasy the next. When your investment is reaching new highs, you might feel on top of the world. But, when your investment hits new lows, confidence wanes. The market’s volatile nature might even lead you to jump ship on your savings goals. Unfortunately, this could cost you over the long term.
It’s possible to remain calm during what feels like a financial roller coaster ride if you better understand market declines and the need for a smart investment strategy. When you pair the two, you’re more likely to meet your financial targets.
As 2020 draws to a close, do you know where you stand financially? Taking the time to create or review a financial plan can help put you prepare for a better new year.
Here are some simple tips to help you get there.
Nothing is more polarizing than presidential elections. People get very emotional when discussing the pros and cons of candidates and the future state of the country. And those very emotions can sometimes send the markets reeling.
When you reach your 70s, life slows down a little. You may be planning to retire, or already living in retirement. Whatever your situation, there are ways to make your 70s more enjoyable and stress free, especially when it comes to managing your finances. If you still choose to work in some capacity, or simply want to enjoy your leisure time and hobbies, here are some tips to help you live the retirement you want.
Entering your 60s could mean you’re getting ready to reap your financial harvest. But, after decades of careful spending and saving, you may still be hesitant to say goodbye to full-time employment. If you’re still carrying high-interest rate debt, making a hefty mortgage payment, or wondering if you have enough money in savings, delaying retirement might be a good idea. Before you exit the workforce, reassess your finances and be prepared to reboot your retirement plan, as needed.
By Susana Raya
Susan is a financial expert with GreenPath Financial Wellness, the national nonprofit organization that provides financial counseling, education and products to empower people to lead financially healthy lives. Through their work with GreenPath, Susana has helped people with debt and credit management, homeownership education, and foreclosure prevention.
As the pandemic continues, many Americans are trying to figure out how to juggle expenses, get the most mileage out of unemployment, and keep current with housing and other essentials. And while financial relief programs have helped, whether they’ll be extended to provide further aid is uncertain. Continue reading
As you head into your 50s, there are some important steps you can take to ramp up your financial security. For instance, even though retirement may be years away, evaluating your progress along with other long-term goals can help you shift priorities and make the most of your money.
Here are 10 tips to help.
If you’ve spent months saving for a big-ticket item like a new refrigerator or a giant flat-screen TV, paying for it with cash might be a mistake. Credit cards offer numerous benefits frequently overlooked in the name of “saving money.” But, not using plastic might wind up costing you big. In fact, your 16-digit account number could be the key to unlocking deep discounts, additional buyer protections, and other money-saving perks.
Credit cards offer more than just a convenient way to pay for things in stores and online. There’s also the increased purchasing power and potential for cash rewards that make them attractive. But, it’s the lesser-known and often underutilized credit card benefits that could hold the key to additional savings. A recent J.D. Power study found that only 36% of credit cardholders1 fully understand all their card’s benefits. Surprisingly, such perks can bring the most value to your finances.