If you could double your savings without actually investing any additional money out of your own pocket, would you do it? While taking advantage of this money move may seem like a no-brainer, many workers are missing out on the opportunity to supercharge their savings. This investing strategy takes very...
The IRS gave millions of Americans this week an extra month to file their taxes, delaying the typical April 15 deadline to May 17 — but if you haven't received your third stimulus check yet, you should consider filing as soon as possible. The $1,400 payments included in President Biden's...
Seeking out a financial advisor can be the right move for some investors. The financial markets and the American tax system can be complicated to navigate, and it makes sense that not everyone wants the liability or time commitment involved in self-managing their financial lives. However, when it comes to...
Saving money is something many of us struggle with, but we may not be doing ourselves any favors due to some common money wasters. We spoke to an expert to see how pulling back a little can help save a lot. Phil Bollin is a Certified Financial Planner out of Perrysburg...
As the kids might put it, don't @me after you read this unpopular idea: If you are nearing retirement and intend to stay in your home for five years or more, consider refinancing your mortgage now and even converting some of your home's equity into cash. Yes, I know, everyone...
So, you’ve finally committed to getting serious about saving and investing. Congratulations! Over time, even small steps, thanks to the power of compound interest, can reap big rewards in the long run. But if you’re just starting out, it can be hard to decide which you should prioritize, long-term...
Retirement is one of the most important financial goals to plan for. The average planned retirement age is 66, according to Gallup. With a national average life expectancy of 78.7 years, it’s vital to have over one decade of retirement savings. A 2020 Charles Schwab study found that the average non-retiree thinks they...
The nation's complicated credit scoring system isn't just inaccessible for millions, it’s also broadly confusing — the typical American cannot answer a majority of five basic credit score questions correctly. When asked five questions about credit scores, the average American answered only two correctly, according to a recent survey by Zillow...
Saving and investing for retirement is tough enough, but it’s only one part of the retirement game, according to Ed Slott, author of The New Retirement Savings Time Bomb. In fact, that part is just the “front nine” of the retirement game. The “back nine” is getting the money out of...
Social Security pays the average senior today about $1,500 a month, or $18,000 a year. That's a nice chunk of money to supplement outside income sources, but it's certainly not enough to live comfortably on. Yet many seniors risk having to do just that, and the reason boils down to...
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