You may be surprised to hear it, but there is such a thing as too much cash. Now let me backtrack for a second, because most of you are already sounding the alarms on this post. The keyword in that first sentence is “cash”. Notice I didn’t say money. Cash, as opposed to investments, doesn’t… Read More
Student Loan Refinancing Options (as reported by J. D. Roth on www.getrichslowly.org)
There are many reasons why someone might decide to refinance their student loans: To move to a lower interest rate To consolidate multiple loans into one To find a better student loan servicer But for many people, this means leaving the “relative comfort” of the loans provided by the federal government and their contractors and… Read More
Are You Ready to Buy a Home? (as reported by Zina Kumok on blog.mint.com)
Buying a home is a big deal. And the combination of high student loan debt and the increasing cost of real estate in the US is making home buying even more difficult than it has been in the past. But there are still some things you can ask yourself to know whether or not you… Read More
High Cost of Healthcare in Retirement (as reported by Elizabeth O’Brien on www.time.com)
Knowing how much you need to save for retirement depends on a lot of factors – some of which are impossible to know before you actually get there. For example, it can be difficult to know how much money you are going to need for things like health care. Obviously you hope that Medicare and… Read More
Impact Investing on the Rise (as reported by Anna Bahney on money.cnn.com)
According to a recent survey, 88% of American investors say that market performance is the most important factor in their investing. That means, not surprisingly, that earning higher returns and making more money is the #1 reason they choose to invest. However, the same survey also signals a continuation of a trend among a number… Read More
The Ridiculously High Cost of College in the US (as reported by Camilo Maldonado on www.forbes.com)
Ready for a statistic that reinforces something we all know? The cost of a college education has increase 8x faster than wages since 1989. In just the last 30 years, the average price of a 4-year college education has risen from roughly $53,000 in today’s dollars, to a whopping $104,000. That’s nearly double. During the… Read More
Retirement Spending Advice (as reported by J. D. Roth on www.getrichslowly.org)
How much money should you spend during retirement? That’s the question a lot of people have leading up to, and in the first couple years of retirement. The most important implication of retirement spending is whether or not it will last. The worst fear of most newly retired people is running out of money later… Read More
Student Loan Consolidation (as reported by Jeff Gitlen on www.lendedu.com)
Often, borrowers accrue multiple student loans from multiple sources. That is why we have such a thing as student loan consolidation. If you fall into this group, you may have already considered consolidating these loans into one new loan. But there are things you should consider before taking that next step. First, it is important… Read More
What’s it Take to be Wealthy? (as reported by Suzanne Woolley on www.bloomberg.com)
According to a recent survey by Charles Schwab, it takes an average of $1.4 million to consider oneself financially comfortable in America. And to be considered wealthy? That takes $2.4 million. The survey was conducted this year, of Americans between age 21 and 75. And the results differ slightly (higher) than the same survey conducted… Read More
Women and Finance (as reported by Preeti Varathan on www.qz.com)
Do you feel like the financial industry caters more to men than to women? Over 70% of respondents in a recent survey of women thought so. And that could be part of the reason why so many of them did not feel like they had adequately prepared for retirement. In general, women in the US… Read More