The Federal Reserve Bank recently announced that a record 7 million Americans are 90 days or more behind on their auto loan payments. Although the economy is stronger and unemployment is low, many people are struggling to pay their bills on time. If your financial situation has taken a negative turn and you're struggling …
Most parents want their children to be better off than they are. It's therefore encouraging to see that 57% of millennials believe they'll be wealthier than their parents in their lifetimes, according to data from LendEDU. But becoming wealthy isn't a matter of luck -- it's a matter of precise planning and smart decisions.
Access to mobile banking has become an important part of every customer's credit union or bank relationship. "Consumers really want the ability to replace the branch experience," says Brian Karimzad, co-founder of finance website MagnifyMoney.com. They want easy access to their funds and the ability to check balances …
Who doesn’t dream about retiring? Better still, if you can get out of the game sooner than age 65. While retiring while you're young and healthy enough to enjoy all that free time may sound alluring, there might be some downsides to that plan. Not to burst your bubble, but early retirement is not a panacea.
Q: I can’t recall your view on having Dominion Gas and the Illuminating Co. withdraw payments from my checking account. Advisable or not? A: I prefer not to give my bank account number to anyone who doesn’t …
I have been writing about investments, retirement plans and the economy for decades. As you might imagine, I have received a lot of comments and emails from readers. The vast majority of your emails are kind, caring …
A gift that was meant to cover the price of a ‘freebie’ ended up costing me £42 this month thanks to a ‘continuous payment’ trap, writes Laura Shannon. In recent weeks, The Mail on Sunday has explored how this payment method unwittingly snares consumers and automatically signs them up to paying regular sums …
Tempe residents were tops in Arizona and 14th nationally for paying down credit-card debt in 2018, according to a new study. The average credit-card debt per Tempe household dropped by $2,347 from 2017 to 2018, …
These days, being young and in love just isn't enough. Megan McDonald, 23 and her boyfriend, Nick Palmiotto, 25, have been together for over three years but their marriage plans are on hold. "We like the idea of being married young and starting a family younger — both of our parents were done having kids before 30 — but …
Social Security is a vital part of the financial health of millions of retirees, and many older Americans can't wait to get their benefits. Even though the full retirement age for receiving benefits is currently between 66 and 67 for those nearing retirement, benefits are available as early as age 62, and a large number of people take …
The founder of Binance’s Trust Wallet, Viktor Radchenko, has confirmed that Stellar Lumens (XLM) will be the next cryptocurrency to be supported within the wallet. In an exclusive interview with Coin Rivet, Radchenko revealed that Trust Wallet will continue to add coins to the app on a weekly basis. The addition of XLM …
Filing taxes may not be an enjoyable task, especially if you end up paying Uncle Sam instead of getting a refund. A U.S. Government Accountability Office report estimates that 21 percent of taxpayers, or about 30 million Americans, may end up owing the IRS when they file their 2018 returns because they didn't withhold …
If you’re worried about your finances, you’re certainly not alone. In fact, there are tons of scary statistics that demonstrate the many ways in which finances stress out the majority of us. For one, only 24% of millennials demonstrate basic financial literacy, according to a study from the National Endowment for Financial …
How long do you have to go before you retire? For me, I’m thinking of a horizon of about another 10 years. I’ll qualify for my State Pension a little earlier than that, but as long as I’m still enjoying my work I see no reason not to carry on. But when you get within a decade of retirement, there are some things I really think you …
We’re getting ready for our 32-day trip to the U.K. this summer and our family could not be more excited about the itinerary we have planned when we visit Scotland and Ireland. One thing that does concern me about the trip is the low Canadian dollar. The loonie hit an 11-day low on Friday, sinking to 74.53 cents USD.
There are five axioms to live by in ensuring retirement adequacy, says financial consultant Patrick Chang. SINGAPORE: Guess how many seniors are still paying off their housing loan? Hard to imagine isn’t it? But …
Being a grown-up is hard. Being a financially independent grown-up is harder. Our children must take on a lot when they reach adulthood: rent, food, transportation, insurance, not to mention staying connected (cellphone, cable and/or WiFi) and perhaps student loans. It's a challenge for most of them: In a 2014 poll conducted by …
If you're looking for a reason to cut your rewards card to smithereens, talk to Patricia Newman. She contacted me after signing up for a United MileagePlus credit card, paying an annual fee and spending money like a sailor in the hopes that she could earn a "free" trip to Italy. But Newman, an administrative assistant from …
Saving for retirement when you’re self-employed or working as a freelancer can be challenging. Unlike regular workers, you’re generally not entitled to a workplace pension when you’re working for yourself so, …
How to become crorepati by investing in Mutual Fund: C reating wealth with Mutual Funds requires proper planning and approach. You may achieve many of your financial goals by investing whatever little amount …
No news flash here: Credit cards can be costly. Although credit cards may offer greater convenience and protection than cash or a debit card, there are a number of fees that could end up costing an individual more than they had expected. With that in mind, here are three credit card fees that are worth checking for when …
If you’re worried about the State Pension, you’re not alone. Figures suggest thousands of retirees don’t know how much money they are entitled to in retirement, and many more think that the money they do receive will be inadequate to provide them with the kind of lifestyle they currently enjoy. If this is you, I’m going to outline a …
Police officers and firefighters put their lives on the line every day to protect their fellow Oklahomans. One thing they receive in exchange for taking grave risks is a fair income in retirement for themselves and their families. They contributed to pension funds with every paycheck they received during their careers to help make …
The PMSYM scheme provides for a minimum monthly assured pension of Rs 3,000 for unorganised sector workers from the age of 60 years. The PMSYM scheme provides for a minimum monthly assured pension of Rs 3,000 for unorganised sector workers from the age of 60 years. The government is expecting to cross 1 …
The pay gap may be closing, but the fact is women don’t save as much – or as cleverly – as men. Look at the statistics around women and money and you might wonder whether 100 years of feminism has really delivered. Despite a century of fighting for equality, 74 per cent of women are worried about their financial futures and …
Do you remember when employees had pension plans? It was not that long ago. These plans provided retirement income based on the number of years you worked, your attained age and the income you made. Employers eventually began to shift from defined benefit plans to defined contribution plans. The unknown …
I’ve heard you tell people to avoid debt consolidation companies. Why do you think debt consolidation is such a bad thing? The main reason is that debt consolidation makes you feel like you did something to really change your financial world when you didn’t. That’s part of the catch. Believe it or not, I hear …
If someone had explained the stock market to me back when I was 18, and told me that it’s entirely possible for a careful investor to accumulate a million over the course of their lifetime… well, I might have a million by now. Learning about investing in quality companies came relatively late to me and I haven’t quite reached those …
If you want to use this year’s ISA then you need to act now. The end of the tax year is near, meaning that if you’re planning to use this year’s ISA allowance you need to act fast. There’s no rollover from one tax year to the next. ISAs – individual savings accounts – have existed for 20 years now, providing a tax-free wrapper …
The way forward for Australia’s superannuation system is to combine two key pieces of legislation according to Challenger’s chair of retirement income, Jeremy Cooper. Cooper suggested the flaws in the country’s $2.8 trillion superannuation system could be partially fixed by folding the Retirement Income Covenant into the …
ROCKFORD, Ill. (WIFR) -- Local experts say fewer millennials are purchasing homes and student debt may be to blame. According to the latest COUNTRY Financial Security Index, millennials owed $1 trillion dollars in student debt at the end of 2018.This group was the most debt-ridden young adult group since 2007 right …
Life has a way of springing financial surprises on us when we least expect them. Your car might break down even though you just recently had it serviced. Your home air-conditioning system might go kaput during the hottest month of summer. Or your boss might call you into his office and inform you that you're no longer …
There are plenty of scary statistics about how the average American isn't saving nearly enough for retirement. One in five American adults has nothing at all saved, according to Northwestern Mutual, and Gallup found only 38% of non-retired investors have a written financial plan. And it's not just saving for retirement where …
For many years, you’ve helped them out. Now it’s time to ease them out. Your adult children still living at home, that is. According to Statistics Canada, more than one in three (34.7 per cent) young adults aged 20 to 34 were living with at least one parent in 2016, a share that has been increasing since 2001.
Most folks have life insurance, but statistics tell us you're more likely to be disabled than to suffer an untimely death. So it makes sense to invest in disability insurance to cover that possibility. How stacked is your emergency fund? You might be able to pay expenses for a month or two, but maybe not.
KANSAS CITY (AP) — A man accused of trying to burn down a Planned Parenthood clinic in February now faces new charges. Wesley Brian Kaster was originally charged March 4 with maliciously damaging a building owned by Planned Parenthood Great Plains that also provides services in Wichita and Overland Park and …
California Attorney General Xavier Becerra joined a coalition of 25 attorneys general in submitting a comment letter opposing a proposal by the federal Consumer Financial Protection Bureau (CFPB) to formally delay …
Welcome to Round 2 of Card Madness 2019! You all voted for your favorite cards, and the results are below! Pick the Best Credit Card of the Year with Card Madness 2019! Card Madness 2019 Bracket is up! Check the 64 Cards and Vote Now Card Madness 2019 – Vote for Your Favorite Round 1 Cards! Card Madness 2019 …
Dear Liz: I co-signed a student loan to help a 31-year-old woman complete her schooling to become a nurse. I know this was something I should not have done, but I just could not refuse her. I did not realize that …
Ada-based financial advisor Roger Gaddis has been appointed by Gov. Kevin Stitt to a third term as trustee on the board of the Oklahoma Teachers Retirement System — the state pension system which manages an estimated $16 billion fund for approximately 175,000 active, inactive and retired public school teachers in …
Inner-city suburban investors might be eyeing anotherSydneyorMelbourneproperty, and while prices have come down in these areas, they are still attractive to some investors. If investors want to prioritise their next purchase above all else, Aaron Fuda, mortgage broker at Omniwealth, recommended that they consider …
Dementia (including Alzheimer’s disease) has been called the “21st century’s silent epidemic”. It typically affects people aged over 65 and, as we live longer, more and more people experience symptoms. It is thought to affect around 850,000 in the UK currently, with that number set to rise to 1 million by 2025.
Fargo, ND – March 14, 2019 – Dennis Draeger, CFP, APMA, a Private Wealth Advisor with Legacy Financial Partners a private wealth advisory practice of Ameriprise Financial Services, Inc. in Fargo, has qualified for the company’s Circle of Success annual recognition program and will be honored for this achievement in 2019.
When it comes to convenience, there’s no debating the utility of contactless payment cards. It can be irritating to insert a card into a machine and type in a four-digit PIN every time you need to make a transaction, especially if you’re only buying a two-dollar cup of coffee. Unfortunately, the contactless process does have …
When you work in the financial advice industry, it can be easy to forget that young people do not think enough about their pension. Of course, that is somewhat of a blanket statement but, in my experience, those in their 20s and older in some cases probably think about it once a year. That said, for many, there is eventually a …
H ave you ever used PayWave and marvel at how paying for things became as simple as waving your bank card? And then frown as you wonder why you can’t do the same thing for your MRT ride. If you could, without all that troublesome registration, you won’t have to keep on queueing up for the top up machine.
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Parents and grandparents, who typically set up Registered Education Savings Plans (RESPs), are referred to as the “subscriber.” The children or grandchildren are referred to as the “beneficiary” of the registered plan. Parents are juggling many different things. Financial planning may not be the highest priority, especially if …
Here are five groups of people who should definitely use an Isa for their savings to avoid being hit with a tax charges in the future. Many people may not think they need to use ISAs, either because they are not aware of the tax benefits or because they think their current circumstances mean there is no particular benefit.
Budgeting is not an easy task, especially when you want to live an exciting and fulfilling lifestyle. However, it benefits you in the long run, and a comfortable savings account to lean back on if things go awry will give you a deep sense of security. While you don’t have to give up all the things you love, the cushion of savings (and …
The end of the tax year is rapidly approaching, and if you’ve not made the most of your ISA allowance for the 2018/19 year, then now is the time to do so. However, if you are planning to open a cash ISA, I think you …