As we get older, we hear about the importance of having a last will and testament. We hear that it is a mistake to allow the court or government to decide what happens to our assets. In the vast majority of situations, it actually is a mistake to leave your assets to chance. This is especially true if you have assets to disperse to various heirs and family members, but that is not always the case.
When you think about retirement, you may feel overwhelmed. A financial advisor will throw out foreign terms like 401k, 403 (b), or 457(b). Another type of retirement account is a Roth IRA. Just like the other accounts we mentioned, the Roth IRA has advantages, restrictions, and tax implications. Let’s take a top to bottom look at what Roth IRA has to offer.
Unfortunately, death is a part of life. Sometimes, a parent or relative is able to leave something behind for their loved ones. It is not always as simple as just leaving assets in many cases. This is because most people have some form of debt. If loved one dies and does not have a will in place, things can be complicated. This is often the case even when there is a will in place. Keep reading to find out why.
This is a hotly contested topic. Financial influencers worldwide have varying opinions on the necessity of even having credit at all. Credit cards can be a life saver or your worst nightmare, but a credit card is just a tool. What makes the difference is the person using the card. If you have bad habits and spend more than you can afford, you will run into trouble eventually. Ultimately, the question is: do you really need a credit card?
Unfortunately, according to a recent study, about 70% of Americans cannot afford a $500 unplanned expense. There are plenty reasons why people do not have money in their savings accounts such as low income, medical bills, financial mismanagement, etc. However, if at all possible, you should try to build an emergency fund so you can handle the inevitable unexpected expense.
Usually, when people hear the word recession, it sends all types of feelings and chills down their spine. The economic definition of recession that contains all about how there has been a drop in the overall economic activity of a nation visible in the gross domestic product isn’t really interesting to a lot of people. What people typically understand as recession is a drop in the value of money and of course the amount of time it takes for individuals to make it back to the point where they can comfortably pay their bills. Probably due to the amount of companies that lay people off or the significant drop in their income.
The holiday season is here and everyone is looking to have a good time with family and spend a ton of money they do not have or intend to keep track of. While it is imperative that you do treat your relatives and friends to a good holiday, you should do this in an affordable way. About 43% of Americans are due to get in debt in this season and to a lot of them, these debts are inevitable. A survey shows that a lot of them during this season suffer from depression and anxiety because they feel pressured into gift giving and hosting dinners and buying tons of stuff. In this article, we will discuss holiday debt and its effects.
There are plenty of reasons why someone could have a low credit score. It seems like it takes a lifetime to raise it because things like age of credit, on-time payments, credit inquiries, and more take a lot of time to fall off or improve your credit report. However, there are some ways to quickly improve your credit score if you take an active role in rehabilitating it. 2020 could be the year you overhaul your credit score
Student loan debt is often thought of as just something everyone has to deal with. For most Americans, attending college means having student loans, but does everyone have the same opportunity to get student loans? What’s more, does everyone have the opportunity to get the best interest rates? You may be surprised to know the truth about student loans as they pertain to minorities in the United States.
Recently, the Deserve platform successfully raised a whooping $50 million, thanks to some big-time investors. Since the inception of the Deserve credit card platform, it has been successful in raising large amounts of money for different projects. However, before we delve into this amazing success of the Deserve company, it’s important to point out what exactly the platform is about. Even though, the Deserve platform has become popular for offering credit cards, a lot of prospective clients do not know exactly what the platform is. If you happen to fall into this category, then you’re in luck, as this article will be all about the Deserve Credit Card Platform.