Retirement planning isn’t just for those in their 50s and 60s. Regardless of your age from Baby Boomers to Generation Z who are just turning 18, everyone should take steps to make their retirement better.
September is national preparedness month and part of being prepared is having financial plans for any circumstance that might arise. Here with a few tips on how to be financially prepared for many of the difficult financial situations we might encounter.
How you pay for all the expenses during your lifetime can have a significant impact on your financial situation. Making the wrong choice in funding your spending often leads to money problems.
We all have dreams of the perfect retirement that includes no money worries at all. Unfortunately, studies estimate that only 2 in 5 people will truly have enough saved to have no financial worries in retirement. There are financial moves to improve your chances of having your dream retirement.
Financial matters are a significant part of any relationship. Money issues are still cited as the number one reason that relationships have trouble or fail. Solving relationship money troubles whether you have been together for one year or thirty years doesn’t have to be complicated.
Building strong money habits and reaching your financial goals requires more than just an annual planning and budgeting session. Life generally doesn’t go completely as we planned which is why a mid-year financial review is key for financial success.
The Federal Reserve just recently announced another increase in the federal funds target rate which for consumers means an increase in the prime rate. Additionally, the Fed has indicated there could be three to four more increases this year. There are consequences for everyone when prime rate increases.
A lifetime of good financial decisions can all be undone with a few poor financial decisions that have long term impacts. Sometimes the biggest key to financial success is driven by the actions you avoid rather than the actions you take.