Preparing for retirement can be a challenge and it is especially difficult when the government keeps changing the rules of the game and the value of our money (through inflation and varying rates of inflation). In today’s post, Dennis Miller explains what can happen if you don’t take personal responsibility for your retirement finances. He also outlines […]
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Investing can be a great way to grow your money and secure your financial future. Unfortunately, many people make bad investments or fall victim to financial fraud. If you keep a few general rules in mind, you can invest safely and effectively. 1. Safely Investing is a Long-Term Endeavor – Turning a quick profit in financial markets
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6 Annuities FAQs: Yesterday we talked about how useful annuities are for retirement planning. Today we are going to look at some common misconceptions about annuities. Fact or Fiction? — 1) Many different investments offer a guaranteed income stream. — Fiction! Annuities are the only financial planning option that can guarantee a continuous stream of income throughout
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Saving for college is an expense that most families have. Not everyone has enough extra money every month to save much for college, but even setting aside a few dollars each month can add up and help alleviate the high cost of your children’s future education. As the cost of college rises, it becomes more
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Best Ways to Save Money Saving money as a family is significantly more difficult than it was as a child who dropped mom and dad’s spare change into a piggy bank. It requires intentionality, a plan that is both feasible and motivational. In order to get the whole family excited about saving, communicate with them
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Cable TV / Internet Alternatives Although almost four years have passed since the economy turned south, for many Americans the financial picture is still very difficult. Making the mortgage payment, bills, paying for car repair, insurance, and gasoline, and trying to have a little fun in the meantime can put you under a lot of
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The energy companies have done it again. Just as the winter approaches, they have felt the need to increase their prices when consumers’ consumption is at its highest. With an average price increase on gas of 17.4 per cent and an average increase of 10.8 per cent on electricity, energy supplier look set to rake
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No one wants to spend their retirement worrying about money. Unfortunately, in today’s economic environment debt is common. Once you retire it is almost certain that your income will decline. But if you have loads of debt, your expenses will stay almost the same or even grow with the accumulation of interest. In days past,
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Money management is an important life-long skill to learn. As parents, it’s your job to teach them the skills that will benefit them as they become adults and learn to manage their own households. Although it may seem like a complicated task – I still have trouble understanding concepts like dividends, compound interest, and capital
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Many banks, whether they are online or local, now offer high APR savings accounts. The point of these accounts is to give you place to set aside money and see it grow. You should put money in a savings account in order to work toward something, such as a vacation or just to provide an
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Boost your savings relatively painlessly… believe it or not, if you sit down and really put your mind to it, you can come up with dozens of ways to give your savings a boost. Here are a few ideas to get you going.
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