American Financial Solutions Blog
Dream of Retirement? You Should! But It’s Expensive.
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.
Posted on August 9, 2017
Share this post:
How to Start Managing Your Retirement Savings
Saving can seem like a daunting task, especially if you’re not entirely confident in your investing abilities or secure in your current financial situation, but that doesn’t mean you shouldn’t try. There is rarely universal agreement among financial and investment professionals, so the fact that everyone says you should save for retirement, preferably as early as possible, should be a pretty clear indicator that it’s a good idea.
Posted on August 9, 2017
Share this post:
Important Lending Protections for Military, The Military Lending Act
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.
Posted on August 7, 2017
Share this post:
Steps to Take Before Buying a Home
Steps to Take Before Buying a Home from American Financial Solutions How Can I Make My Credit More Appealing to Lenders Before I Buy a Home? Looking for a mortgage? Want to get the lowest rate possible? Here are some steps you can take to ensure your credit is at...
Posted on July 7, 2017
Share this post:
Make Your Dreams Come True with Smart Savings Strategies
Everyone has dreams and life goals. For you that may be homeownership, sending your kids to college, comfortably retiring or all of the above. Reaching these goals takes time and a well-thought-out saving strategy.
Posted on July 7, 2017
Share this post:
The Many Different Credit Scores
Infographic from the Consumer Financial Protection Bureau on the many different types of scores and what they are used for.
Posted on June 28, 2017
Share this post:
How to Start Building Credit History
If you’re a recent graduate looking to start building your credit history, have no fear. Follow these simple tips to start your financial life on the right foot. How to Start Building Credit from American Financial Solutions Start With One Credit Card Don’t open too many credit cards right off the...
Posted on June 1, 2017
Share this post:
Minding the gap: A practice in financial feminism
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.
Posted on June 14, 2017
Share this post:
Creative Ways to Pay for College
Financial Aid Before you start looking into other ways to pay for your college experience, filling out the government’s Free Application for Federal Student Aid (FAFSA) is an important first step. Depending on your academic history and current financial situation, you might qualify for multiple student grants and scholarships without...
Posted on June 1, 2017
Share this post:
Easy Steps to Help Improve Your Credit Score
Most people are under the assumption that improving their credit score is a long and tedious process. While it certainly can’t be done overnight, raising your credit doesn’t have to be difficult. Here are a few simple steps to get you on the path to a better credit score.
Posted on May 5, 2017
Share this post: