File and suspend and restricted application are going away, but there are still strategies you can use to increase your payout.Read More
Financial regrets. We’ve all had a few. But there’s a big difference between making an impulse purchase that you second-guess the morning after and making a major decision about your money that could haunt you for a lifetime.
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Homeownership has long been held up as the epitome of the American Dream. And for some people it has been. In other cases, the decision to buy a home can be a financial nightmare – they didn’t call that home-renovation movie “The Money Pit” for nothing.
We hear it over and over: “Debt is bad! Don’t get into debt!” But while we know this, many of us don’t listen. I don’t know why. Even I knew better and lead myself down a path of financial ruin. (Thankfully, I’ve recovered and won’t allow it to happen again)
As a financial planner, one of the most common questions I am asked is “How much money should I have saved?” or “How far behind am I in saving for retirement?” My answer? It depends.Read More
When it comes to personal finance, honesty is the best policy. Be honest with banks, be honest with your family, but most of all, be honest with yourself. It’s a frequent occurrence that people find themselves in financial trouble because they weren’t honest about their money situation. But recognizing the most common lies is one key to moving toward a more honest — and profitable — future.
Here are the situations in which an individual can collect Social Security, when, how much they can collect, and how they can do it.
In its 2016 Guide to Retirement, J.P. Morgan Asset Management included a powerful illustration of how compounding returns lead to huge differences between investors who start out young and those who wait until later in their careers before seriously saving.Read More