Today, most mortgages have terms that extend up to 30 years or more. While this makes the monthly payments affordable, decades of interest payments can add up to a substantial sum. A common question among homeowners is whether they should pay off their mortgage early. It can be a tricky question to answer.
A question that lurks in everyone’s mind is, “How much money do I need to retire?” While it’s a simple question, the answer is anything but that. Unfortunately, there is no magic number or one-size-fits-all solution. Everyone’s number will vary due to a multitude of factors. But several methodologies can help you determine a ballpark figure to assist with planning.
Estate planning is one of the most considerate actions you can take on behalf of your loved ones. It helps ensure your final wishes are enacted, your assets are distributed as you intended, and your children or pets are placed in the care of those you trust. And, thanks to technology, the process is easier than ever.
As the busy holiday season comes to an end, people around the world use New Year’s Day as a launching pad to improve themselves. Consistently among the top resolutions is bettering one’s financial position. The trick with setting and keeping financial resolutions is preparation. Use the following framework to ensure you're ready to start fresh in the new year.
People look at the new year as a fresh start and opportunity to improve themselves. However, keeping resolutions throughout the year can be challenging. Setting goals as a couple allows you to work as a team toward your targets – holding each other accountable along the way.
From Thanksgiving to New Year’s Day, life often feels like a blur. Between traveling, shopping, decorating, and celebrating with friends and family, it’s a nonstop sleigh ride for you - and your wallet! The following ten tips will help raise your holiday spirits while decreasing expenses.
Starting the new year off on the right financial track is a wonderful feeling. But to get there, you’ll need to put aside a little time to wrap up the current year and start preparing for the next. Here’s a checklist of ten items you should review as the year comes to an end.
Before you pull out your credit card and start swiping, there’s another option to help pad your holiday budget. Often overlooked, a holiday loan is one of the best ways to cover higher costs. It comes packed with perks many don’t realize – especially during periods of inflation.
The greatest challenge with retirement is that the road to get there is long. With a goal so far on the horizon and the multitude of obstacles life throws at you along the way, it’s easy to become distracted and stray from your retirement plan. Regardless of where you stand right now, it’s wise to review the mistakes others made before you – allowing you to avoid them yourself.
On December 31, 2022, the administrative forbearance for federal student loans is set to end – meaning loan payments will resume in 2023. For many borrowers, this is causing panic and stress. Before your student loan payments resume, review the following tips to ensure you’re financially ready.
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