How to Live on a Fixed Income in Retirement

Before retirement, you probably had the chance to increase your income, such as by earning promotions or changing jobs. But during retirement, it’s more common to live on a fixed monthly income determined by your savings. This ...

What is the 2K Rule?

For many parents, saving for a child’s college education is a major source of stress. It’s often difficult, if not impossible, to know how much you actually need to save, as the cost of attending college varies wildly depending ...

Selling Your Business

After countless hours of hard work, you are ready to sell your business and start a new chapter. The following steps will help you successfully navigate the process and let go of your enterprise so you can take on new challenges, ...

Savings Tips For Studying Abroad

Studying abroad is a great opportunity for students, but it can also be an expensive one. If you want to immerse yourself in a different country but are worried about paying for your trip, keep these savings tips in mind. Start ...

Alternatives to a Nursing Home

As you’re making eventual arrangements for a long-term care option, you’re probably considering moving to a nursing home. But, a long-term care facility can be expensive and not necessarily provide the services you need. Here ...

Three Things You Should Know Before Consolidating Debt

Consolidating debt is a common and proven debt management strategy. In short, it involves combining multiple debts into a single payment, making your overall debt easier to handle. It may even reduce total debt via lower interest ...

The Financial Accounts Everyone Should Consider

Diving into the choppy waters of financial planning can feel intimidating, especially when you realize just how many types of accounts there are. Thankfully, many experts agree that there are a few accounts everybody should consider ...

Give Your Retirement Portfolio a Boost

If your retirement portfolio needs a jump, either because you got into the savings game late or because the economic strain of COVID-19 put a dent in your existing savings, you’ve got options. Even if you are between 55 and ...

Borrowing From Your 401(k)

If money is tight, you may have considered drawing from your 401(k) retirement savings plan. While it’s generally best to leave your investments intact, there are circumstances in which tapping into your account can be a safer ...

What Is Collateral and Why Is It Important

The fundamental difference between a secured and unsecured loan is the collateral requirement. But what is collateral? Why is it important? And what is a lien? You’ll learn all about it below. Definition of collateral Collateral ...