Credit cards have become an integral part of our financial lives, offering convenience, rewards, and the opportunity to build a strong credit history. If you have an older credit card that you no longer use frequently, you may wonder whether it’s necessary to keep it active. In this blog post, we’ll discuss the compelling reasons […]
An estate plan exists to accomplish three things. Preserving your accumulated wealth should be your first priority. The second goal is to specify who will inherit your assets after your death. The third goal is to indicate who will make health care and financial decisions on your behalf if you are unable. As you age, […]
The type of car you drive says a lot about you. It can tell everyone within eyesight that you are horrible at financial planning. There are many financial considerations you should make before buying a new car. It could cost you a lot more money in the long run not doing so. Fuel economy Before […]
In the vast landscape of investment choices, the debate between value stocks and growth stocks often takes center stage. In this article, we’ll unravel the nuances of value stocks and growth stocks, empowering you to make informed investment decisions that resonate with your aspirations. Steady foundation Value stocks are those of companies whose shares trading […]
You turn 65, qualify for Medicare, and then home-free, right? Not really. Medicare Part A, or original Medicare, and Medicare Part B, or traditional Medicare, will cover many medical expenses for beneficiaries over the age of 65. Specifically, Medicare Part A is essential hospital insurance and Part B is medical insurance. Medicare will pay for […]
Retirement is a transitory period in life. And it is a transition that you should start preparing for as early as possible. There are several things you should buy before you approach retirement age. For example, you should have life insurance policies and maybe even investment bonds to help secure your future. But there are […]
Many investors believe that real estate investment trusts (REITs) are similar to bonds and hence should be avoided during times when interest rates are rising. However, the data simply does not support this belief. Refer to the results of a recent study shown below that spans twenty years done by REIT guru Cohen & Steers. […]
A rising interest rate penalized savers, especially retirees who rely on safe, reliable incomes. As they rise, savers will see modest gains on their cash deposited in money market accounts and certificates of deposit. A Federal Reserve rate increase will not immediately affect your bank interest rate, as deposits in banks are already high. Banks […]
When most people retire in the United States, they are usually looking to settle in high-cost-of-living areas. While big cities have a lot of activities, they are expensive to live in. And living in one can exhaust your retirement fund quicker than you realize. If you are willing to try quiet living, there are many […]
Ever wonder why you have no money? What’s the difference between rich people and people who have no money? It’s not the money part. It’s just habits. Becoming rich requires valuing money as a tool that will maintain your financial independence, and not as a way to just gain something in the short run. There […]
