A recession can lead to economic setbacks for consumers, including a job loss or reduced income, higher prices on everyday goods and services and lower returns on investments. While most economists don’t think we’re in a recession yet,1 inflationary prices and rising interest rates have many worried about how best to manage their finances.
If you’re worried about the effects of inflation on your retirement, here are six tips to help you stick to your plan.
Cryptocurrency is growing in popularity for both investors and fraudsters.
Inflation and COVID have prompted many of us to protect our health, jobs and financial well-being. No matter what your circumstances are, life will always have bumps in the road. Here are some tips to get back to basics and improve your financial picture.
Investing in the stock market can be intimidating, even when the economy is booming. While “buy low, sell high” is sage advice for those entering the market, recent global and national events have sent otherwise confident investors on a roller coaster of emotions. It’s understandable. There have been several twists and turns in the market this year, and experts are expecting more of the same. But that doesn’t mean investors can’t protect their hard-earned money with an asset allocation strategy.
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
According to a recent study1, 90% of Americans feel stressed about money. Some of this anxiety is due in part to the ongoing effects of the pandemic, product shortages and inflation. Unfortunately, stress can often lead to questionable decisions, so it’s important to deal with it sooner rather than later. If you’re feeling a bit overwhelmed, here are six ways to help manage your finances. Continue reading
If you feel like you could do more to improve your saving and investing habits, or don’t know how to get started, here are some tips to help. Financial experts agree that there are two important things to focus on: start and contribute regularly to an emergency fund and contribute at least 10% of your paycheck to a retirement account.
Scammers will take your money any way they can get it. However, two other payment methods are now at the top of their list: Zelle® and electronic wire transfers. Even if you find yourself in a situation that appears legitimate, a request to use one of these two methods to pay for something could signal trouble.
Protect your bank account by learning how to spot these financial scams.
With so many financial obligations in life, it’s easy to put your own needs on the back burner. But saving for your retirement is one of the best things you can do to achieve lasting financial well-being. It won’t seem like a struggle once you get into the savings habit and stick with it.