People are creatures of habit. This timeless quote from Benjamin Franklin is very powerful in all areas of life, especially in the stock market.
Personal Finance
The Power Of Being Proactive: 5 Ways To Develop This Surprising Skill
If you’re trying to get ahead or nurture greater happiness and satisfaction in life and work, there’s a trait you may not have realized is quite so important: the ability to be proactive.
Taking The Stress Out Of Financial Planning
“Remember, today is the tomorrow you worried about yesterday.” Those words of early personal development sage, Dale Carnegie, spun around in my brain, and then it hit me: This is the reason financial planning stresses people out.
Social Security Benefits Could Shrink in 10 Years. How to Plan.
If the Social Security trust fund runs dry in 2033—which it is projected to do if no action is taken—a couple with average earnings would lose $17,400 in benefits that year alone, according to a new report.
Should You Consolidate Your Student Loans? What to Know Before Payments Resume
About 27 million student loan borrowers are bracing for monthly payments on federal loans to resume now that a pause introduced during the pandemic is set to end.
Is Good News Finally Good News Again?
Good news is bad news: It had been the mantra in economic circles ever since inflation took off in early 2021. A strong job market and rapid consumer spending risked fueling further price increases and evoking a more aggressive response from the Federal Reserve. So every positive report was widely interpreted as a negative development.
2024 Key Numbers for Health Savings Accounts
The IRS recently released the 2024 contribution limits for health savings accounts (HSAs), as well as the 2024 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs).
3 Ways To Tell If You Are Ready For Retirement
Retirement is more of a balancing act than a one-and-done decision. You have to know if you’re ready before you actually do it.
How much cash should you have in your rainy day fund?
It is a first principle of financial planning that everyone needs an emergency fund. The idea is that investors should always have enough money to cover three to six months of regular outgoings in an easy to access account. Just in case the car dies, or a family member loses a job or gets sick.
The Biggest Financial Hurdles Young People Face
You’ve probably relied on your parents to manage your financial matters for years… Then you graduate from college, and suddenly you’re responsible for all kinds of important financial decisions. Learning to manage your money is about overcoming four big hurdles. But just because these tasks may be challenging doesn’t mean you can’t take them on.