Today: 5. Nov, 2024
As retirement approaches, managing outstanding debt becomes a critical concern for many Americans. Despite efforts to reduce liabilities, the reality is that debt levels are rising once again, with the Federal Reserve Bank of New York reporting a $333 billion surge in…
In an economy punctuated by layoffs and the spectre of recession, one truth emerges unscathed: the imperative of saving for unforeseen events remains. With the Consumer Price Index escalating by 6.4%, per February data from the Bureau of Labor Statistics, the squeeze…
Financial stability is juggling priorities in the current economic landscape, marred by the coronavirus pandemic. Certified Financial Planner Brandon Renfro provides insight into one of the most pressing questions individuals face today: Should one lower retirement savings to pay off debt? With…
As the golden years of retirement approach, many Americans envision a debt-free life. Historically, a single 30-year mortgage and a stable job were the cornerstones that led to a debt-free retirement. However, times have changed. The Federal Reserve reports a significant increase…
The Federal Reserve’s recent decision to keep the federal funds rate unchanged marks the second consecutive time this policy stance has been adopted, leaving the rate at 5.25% to 5.5%, the highest in over 22 years. While this move might provide stability,…
Retirement is the golden phase everyone looks forward to, but preparing for it is often shadowed by uncertainty. “Saving for retirement is probably both your largest and your most frustrating financial goal,” as the weight of this task often stems from the…
For years, lacklustre cash returns left aging baby boomers with little option but to veer toward riskier stock investments as they neared retirement. However, the Federal Reserve’s recent decision to hike its benchmark interest rate has begun to change the landscape. Cash-based…
If you have saved up or come into a sum of $50,000 and are pondering investment avenues in 2023, you’re in luck. We’ve sought guidance from two seasoned financial gurus on the best ways to allocate these funds. Their insights might be…
We often look at the final amount on our paycheck and consider how to spend or save it. Yet, many crucial financial decisions lie within the various deductions listed before the net amount. These choices are usually made quickly when beginning a…
Are you part of the rising demographic of unmarried Americans cohabiting with a significant other? On the financial front, you’re likely reaping savings similar to married pairs – from sharing living expenses to consolidating bills (think one cable or Internet bill) and…
