Will Debt Spoil Too Many Retirements?

What pre-retirees owe could compromise their future quality of life. Provided by Reeve Conover – Conover Consulting The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off as much debt as you can before …

Having the Money Talk with Your Children

How much financial knowledge do they have? Provided by Reeve Conover – Conover Consulting Some young adults manage to acquire a fair amount of financial literacy. In the classroom or the workplace, they learn a great deal about financial principles. Others lack such knowledge and learn money lessons by paying, to reference William Blake, “the price of experience.”

What to do With Your Tax Refund

Instead of just spending the money, you could plan to pay yourself. Provided by Reeve Conover – Conover Consulting About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.1 What do households do with that money? It varies. Last year, consumer financial services company Bankrate asked Americans about their …

End-of-the-Year Money Moves

Here are some things you might want to do before saying goodbye to 2016.  What has changed for you in 2016? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional life, then you will want to review your finances before this …

Retirees Are Racking Up Credit Card Debt

New statistics point out an alarming financial problem. $6,876. That is the average amount of credit card debt owed by an American household headed up by an individual aged 65-69.1 If you are newly retired or close to retiring, that figure may alarm you. It is more than twice the amount of Social Security’s maximum monthly income payment.2 Credit card …

Sometimes the Pundits Get It Wrong

In fact, many predictions about Wall Street have misread the market’s direction. Trying to determine how Wall Street will behave next week, next month, or next year is difficult. Some feel it is impossible. To predict the near-term direction of the market, you may also need to predict upcoming earnings seasons, central bank policy moves, and the direction of both …

Check your Credit Report

Credit Reports Checking your credit report is important, and should be done annually in my opinion.  It is simple –  go to www.annualcreditreport.com.   Make sure you recognize all of the items on your report and that they are accurate.  Since challenges and corrections have to be done in writing in most cases, it takes a while – you don’t want to discover …