The baby boom generation is getting older. More and more baby boomers are reaching retirement age and leaving their careers behind. The problem? A large percentage of boomers aren’t financially ready for retirement.…
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers. It’s common for people to rack up large balances on…
There was a time when I was hesitant to work with a financial advisor. It wasn’t that I didn’t think advisors offered value. Rather, it was that because I was knowledgeable about the…
There’s a good chance Social Security will become an important source of income for you once you retire. And this holds true even if you’re coming into retirement with a decent chunk of savings.…
Your credit score is a number you may not stop to think about until you’re ready to borrow money. But the higher it is, the easier it becomes to not only get a…
A perfect credit score of 850 is hard to attain. According to recent data from Experian, one of the three major credit bureaus, only about 1.5% of U.S. consumers have a perfect FICO score…
Social Security tends to be the subject of rumors. You might read on the internet that the program is going bankrupt, or that it’s stealing money from the government or vice versa. Another…
There are a number of important decisions you might have to make as retirement gets closer. Where will you live? Will you help support your grown children? And what will you do about…
Government agencies aren’t exactly known for being efficiently run. So you might encounter your share of delays when dealing with one. That extends to Social Security. It’s a good idea to apply for…
There’s a reason so many Americans end up with credit card debt. Instead of paying their balances in full every month, they carry those balances forward, allowing interest to accrue. In this Reddit post,…
If you’re someone who follows financial news, you may have seen the words “Social Security” on a number of occasions this year. Even though Social Security has been around for many decades, the…
Becoming somebody’s caregiver can take a huge toll on you mentally and physically. It can also drain your finances and hurt your long-term plans. In this Reddit post, we have a 63-year-old widow…
During your working years, it’s typical to get a raise from one year to the next. Sometimes, that raise is based on merit. Other times, it may be a basic cost-of-living raise —…
There’s a reason some people refuse to get themselves a credit card. Credit cards tend to have a bad reputation. And a big reason is that so many Americans are saddled with credit card…
Once you retire, you’ll probably want to get as much money from Social Security as possible. Even if you manage to save nicely for retirement, your nest egg could run out on you…
When you leave a job, it’s generally a good idea to take your 401(k) plan with you. Cashing it out can trigger income taxes and a 10% early withdrawal penalty. Rolling it into a…
There are real advantages to building retirement savings inside a 401(k). Contributions go in before taxes, reducing your taxable income today. Investment gains then compound on a tax-deferred basis, meaning you pay taxes only…
Many people who collect Social Security are able to do so because they worked and paid into the system for years. But Social Security doesn’t only pay benefits to retired workers. If you…
When you think about Social Security, what do you imagine? Most likely, you picture retired Americans lining up to collect their monthly checks after a lifetime of hard work. But Social Security doesn’t…
Most people would probably be thrilled to reach the age of 50 with $3 million and a $1 million house. But this Reddit poster is having doubts about how well they are actually doing.…
