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A recent Merrill Lynch Finances in Retirement survey found that the average cost of retirement for a U.S. worker, as of March 2017, was a staggering $738,400. Another survey by Fidelity estimates that a couple who retired at 65 have, on average, $260,000 of health care costs during retirement.
The Military Lending Act (MLA) says that you can’t be charged an interest rate higher than 36% on most types of consumer loans and provides other significant rights.
Infographic from the Consumer Financial Protection Bureau on the many different types of scores and what they are used for.
Here are some worrisome facts if you are female: Women are twice as likely as men to live below the poverty line during retirement. This is especially true for single and minority women. And women continue to make less during their working years than men. The good news is that despite the unique challenges women face when it comes to saving and planning for retirement, women continue to outperform men when it comes to investing.
Many people might believe financial planning is only for the wealthy, or at least the accountants that wealthy individuals hire. However, no matter your level of income, financial literacy and education is a crucial skill that everyone should start cultivating from a young age. The more familiar you are with the financial world, the more stable you can be throughout your life.
Confessions of a Credit Counselor, Lynsey's Story
Maybe you have heard your parents or grandparents talk about a mortgage burning party and wondered how they ever finished paying off their home loan. While it may seem like a daunting task to reduce the amount of time and interest you pay on a mortgage, there are at least five things you can do to pay a mortgage off early.
With all the talk in the media about the trouble with student loan debt, many borrowers are still managing to achieve the American dream.
'Tis the season for gift giving and buying. Check out our strategy for buying on this upcoming, Black Friday.
One woman's story about getting out of debt.
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and your counselor will review your credit report, analyze your financial situation and help you find the option that's best for you.
