Being laid off is a huge setback. But it's important to think carefully when you have that fear. Consider this if you have that concern.
"Who's watching me now? The IRS?" The rule would require handing over nearly all adults' banking information. What could possibly go wrong?
When I receive a question about cashing out a 401k to pay off debt, my short answer is generally no. It entails a lot of unrecoverable loss of long-term growth. We can make more money, but we cannot recover time. Nonetheless, there are some limited circumstances in which cashing out a 401k may be the … Continue reading “Should I Be Cashing Out My 401k to Pay Off Debt?”
Many people are concerned about the United States falling into another recession. Here's what you can do starting right now to prepare.
There are tons of things vying for attention and money. Here are some ways to save money and avoid common financial pitfalls.
Sometimes, you blow the budget. But what comes next? Do you give up? Here are some things to consider when things don't go as planned.
After the societal shutdown in 2020, the global economy experienced a sharp recession that slashed tax revenues. Included in these taxes is, of course, the Social Security payroll tax. As a result of this decrease, this means Social Security benefits are in more trouble than we thought just a couple of years ago. For several … Continue reading Social Security Benefits Are In More Trouble Than We Thought
Many people these days (perhaps a majority) have few financial skills. You may be one of those people. Most likely, the schools you attended emphasized the importance of getting an income instead of the ways to build wealth and manage your money. By now, you are probably discovering how difficult it is to function in … Continue reading Five Financial Skills to Fuel Your Life
Our contemporary culture likes to ask what causes poverty. But this question is based on a false premise. Ask this question instead.
For new college graduates, it can be an exciting time. But when entering the world of adulthood, making these mistakes can be very costly.