Personal Finance

3 Social Security Misconceptions You Can't Afford to Get Wrong |  Smart Change: Personal Finance

3 Social Security Misconceptions You Can’t Afford to Get Wrong | personal-finance

(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …

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Here's Why 401(k) Savers Risk Falling Short in Retirement |  Smart Change: Personal Finance

Here’s Why 401(k) Savers Risk Falling Short in Retirement | Smart Change: Personal Finance

(Maurie Backman) It’s a big misconception that living costs shrink a lot for most seniors. Sure, you might spend less on transportation if you no longer have a job you’re required to commute to. And if you manage to pay off your mortgage ahead of retirement, that’s another bill you’ll manage to shed. But all …

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Today's Mortgage, Refinance Rates: June 27, 2022

Today’s Mortgage, Refinance Rates: June 27, 2022

Mortgage rates spiked last week — they increased again this week, but not as drastically. News of increasing inflation and the 0.75% Federal Reserve rate hikes have created some volatility in the markets, which is causing mortgage rates to rise. Rates are up dramatically compared to this time last year. Rising rates have cut into …

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How to Save for Retirement in Trying Times, According to a Top Financial Expert

How to Save for Retirement in Trying Times, According to a Top Financial Expert

Christine Benz, morning star ‘s director of personal finance, is a mix of analytical and practical. Her analytical side of her says US growth stocks are overvalued, so she advises investors to load up on foreign stocks and cheaper US value stocks. Her practical side of her realizes that Americans worry about their mortgages or …

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The Best Bank for You, 2022

The Best Bank for You, 2022

If you’re searching for a better banking relationship, check out our sixth annual rankings of the best financial institutions among national banks, internet banks and credit unions, as well as the best institutions for three client profiles: high-net-worth clients, retirees and families with kids. We listed the help of financial-data provider Curinos, which compiled information …

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Yours, Mine and Ours: A Checklist for Blended Family Finances

Yours, Mine and Ours: A Checklist for Blended Family Finances

Family finances can prove tricky under any circumstances, but that’s even more so with blended families, where two sets of often well-established financial histories and philosophies try to merge into one. At Semmax Financial Group, we’ve seen a number of blended families these days where people have remarried, either after a divorce or the death …

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5 Things I'm Doing Now so I Can Retire As a Multi-Millionaire

5 Things I’m Doing Now so I Can Retire As a Multi-Millionaire

I didn’t start saving seriously until I turned 30, but now I’m highly motivated to retire wealthy. I’m trying to keep my credit card debt and spending to a minimum so my net worth can keep growing. I’m also diversifying my portfolio, regularly contributing to my SEP IRA, and looking into passive income. Read more …

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3 Social Security Misconceptions You Can't Afford to Get Wrong |  Smart Change: Personal Finance

3 Social Security Misconceptions You Can’t Afford to Get Wrong | personal-finance

(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …

3 Social Security Misconceptions You Can’t Afford to Get Wrong | personal-finance Read More »