If you’re a homeowner at or near retirement age, you’ve probably seen plenty of TV commercials or heard ads on the radio about reverse mortgages. These loans can sound pretty appealing, especially if most of your net worth is tied up in your home. But there are some definite downsides, too. If you’ve been considering […]
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Everyone doesn’t need $1 million for retirement. But you might, if you don’t have a lot of guaranteed income sources after you’ve stopped working or think you’ll have high expenses.Saving for this goal can seem intimidating. But with some planning, hard work, and discipline, it can be done. Here’s how. Slow and steady wins the […]
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Financial stability is an essential part of our hopes and dreams – it can be in the form of short or long-term savings, deposit for rent, buying a car or home or accessing credit and much more. It is important to build financial resilience and strong capabilities. However, access to information regarding financial matters remains […]
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At the beginning of each year, like clockwork, personal finance pundits tell Americans how to make the most of their money. It’s usually a great time to capitalize on New Year’s resolutions by reinforcing the basics: ADVERTISEMENT budget your expenses pay yourself first have an emergency fund put your savings to work for retirement Read […]
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In financial circles, there’s been a lot of talk about inflation. The Fed wants to encourage a moderate inflation increase and is holding interest rates low until that happens. Pessimists, though, worry about that approach. The thinking is that pent-up demand from the pandemic lifestyle could drive a sudden rise in spending once COVID-19 is […]
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