And other related benefits of the new legislation… Less than a year ago I crossed a magical line in the legislative sand… I turned 59.5. Yeah, I know, that’s kind of an odd number, isn’t it? Tell that to Congress though. They made that age a critical milepost in letting us access our own money […]
You’ve probably heard that you should have an emergency fund. Maybe you even have one already. But would it actually help in an emergency? Not just a minor emergency, but a serious one? The answer, for many people, is no. Based on a January 2022 survey conducted to determine the financial health of consumers, 56% […]
Contrary to its name, a savings account isn’t actually good for all types of savings, and some would argue they aren’t good for any savings. Like most things, savings accounts are good for some things, and bad for others. Most savings accounts offer extremely low-interest rates. So low, that you could probably pick up more […]
Many of us have faced tough times recently, and some of us have realized that we’re not as well prepared for financial uncertainty as we thought. As we all try and get back on track financially, here are some goals to work towards over the next six months. (Re)Build an Emergency Fund Fairly recently, I […]
College years are so much fun and memorable. You get to open a whole new chapter of your life, gain independence, and acquire new friends who may stick around for life. Still, there’s the other side of the story as well. For most college students, money can be quite an issue. You don’t have the […]
You must have an emergency fund! So say almost all financial professionals. Myself included – for most people. But what if you really don’t need an emergency fund, at least not in the conventional sense? Why Most People Need an Emergency Fund (See if this Includes You) Unless you’re still fully dependent on your parents, […]