Americans Underestimate These Major Retirement Expenditures | personal financing

(Morri Bachmann) Many people retire on the assumption that their cost of living will magically decrease. It may happen to some extent. If you can make your home payments before retirement, you may not have a mortgage to deal with by the time your job in the workforce is over. Likewise, if you’re not commuting … Read more

Americans Underestimate These Major Retirement Expenditures | personal financing

(Morri Bachmann) Many people retire on the assumption that their cost of living will magically decrease. It may happen to some extent. If you can make your home payments before retirement, you may not have a mortgage to deal with by the time your job in the workforce is over. Likewise, if you’re not commuting … Read more

Mortgage and Refinancing Rates Today: May 19, 2022

Mortgage rates appear to be moderate. They have been stable so far this week and are hovering above 5% today. However, it is not clear if they have paused their ascent or if they have finally reached the peak. Prices have risen significantly over the past few months, and are now well above the historic … Read more

The ridiculous way you could end up losing Social Security | Smart Change: Personal Finance

(Morri Bachmann) Social Security is an important source of income for many seniors. And chances are, you’ll end up relying on the benefits you get once your time in the workforce is over. That’s why you might be motivated to get the highest possible monthly interest. And there are steps you can take to achieve … Read more

Stay Invested During Ups And Downs To Reap Profits | personal financing

(Alexander Gutierrez) A friend texted me a couple of weeks ago after another week of declines in the US markets. Anxiety and fear of recession escalated, and he wanted to know how to deal with fluctuations. “What should I do?” I sent a text message. Soon we were talking about the importance stay invested (If … Read more

The hardest part of early retirement

Brandon is a “super saver” who achieved financial independence six years ago, but has had trouble breaking his thrifty habits. Now, he forces himself to spend his savings as he planned, even if it means giving up on them. He found that saving money is a good thing, but not if it comes at the … Read more

Social Security: This is the income you need to earn the maximum benefit | Smart Change: Personal Finance

(Katie Brockman) There are many factors that go into calculating the amount of Social Security benefits, but your income throughout your career is probably the most important. Your earnings will determine the amount of the basic benefit, or the amount you will receive if you apply for Social Security on full retirement age (FRA). The … Read more

Stay Invested During Ups And Downs To Reap Profits | Smart Change: Personal Finance

(Alexander Gutierrez) A friend texted me a couple of weeks ago after another week of declines in the US markets. Anxiety and fear of recession escalated, and he wanted to know how to deal with fluctuations. “What should I do?” I sent a text message. Soon we were talking about the importance stay invested (If … Read more

When to Refinance Your Mortgage

Refinancing your mortgage can offer many benefits under the right circumstances. You may be able to lower your interest rate, pay off your loan faster, or take cash from your home. Refinancing may not make sense if you plan to move soon or if your credit score has worsened. Download Something is loading. If you … Read more