Planning to save your first $1 million could go a long way toward securing your retirement lifestyle. “It’s definitely a reasonable goal in today’s world,” says Paul Cordero, a Certified Financial Planner (CFP®) in California. “In fact, saving $1 million is just a starting point if you think about how long you may live.” Saving [...]
If you are one of the millions of homeowners who received a loan modification during the Great Recession, you may now be receiving letters from your home loan servicer with new information about future rate adjustments. How does this affect you? If your rate adjusts, the interest rate on your modified loan could increase by [...]
Collisions aren’t the only way your car can be irreparably damaged. A fallen tree, a major flood, or a fumbled theft could quickly end your car’s days on the road. More than 5 million vehicles are totaled by these and other causes every year, according to the National Automobile Dealers Association (NADA). But the word [...]
Hurricane season began on June 1, so it’s time to make sure you and your property are covered by a good insurance policy. According to Ron Sachs, executive producer of the National Hurricane Survival Initiative, experts are predicting 2014 will be a modest year for hurricanes—but that’s no reason to be lulled into a false sense [...]
Insurance ads are everywhere you look. They promise low rates, helpful service, and quality coverage. With so many options available, it can be difficult choose the right policy or even to know where to start looking. If you’re feeling overwhelmed, you’re not alone. Many Americans don’t understand the basics of auto insurance, which makes it difficult to [...]
Often, the most frustrating part of preparing your taxes is searching for the information you need—and that process can make tax time much more stressful than it needs to be. Trying to track down all of your forms by the April 15 deadline is enough to drive anyone crazy. On top of the added stress, [...]
(Scroll down for video) If you’ve been thinking about buying your first home, this could be the year to finally pull the trigger. But with all the information out there about the real estate market, it can be difficult to determine what it all means for a first-time homebuyer like yourself. Before plunging headfirst into [...]
Planning for retirement may not seem like a feasible option for some young adults in today’s economy. While the U.S. job market and economy is slowly recovering from the Great Recession, those in what is known as the “millennial generation,” who were born after 1980, have more debt and lower wealth than their parents had. [...]
Retirement may seem like paradise—endless days of spending time with family, traveling, and, most importantly, not having to be at work eight hours every day. But the ability to retire requires a lot of financial planning. “If you follow good savings habits throughout your career, you will be happier at retirement age,” says Debbie, a [...]
Are my Social Security benefits taxable? That sounds like such a simple question, doesn’t it? The answer should be either “yes” or “no.” But I’m talking about the U.S. Income Tax Code, so of course it’s not that easy. In fact, the correct answer is both “yes” and “no.” First let me make one thing [...]
