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Longevity risk is the possibility of outliving your retirement savings. This can be a genuine concern, especially considering that the average life expectancy in the U.S. has grown to 77.3 years, although many people will live longer. Since it’s impossible to predict how long you’ll live, estimating your longevity risk can be complicated. Find out […]
What Is Longevity Risk for Retirees? Read More »
Savings bonds: before writing for Money Under 30, all I knew about them was that I thought they were a terrible gift when I was little! I remember getting savings bonds as prizes in elementary school, looking at how long they would take to mature, and just thinking: “What the heck do I do with
Savings bonds for beginners: How do they work and where can I buy them? Read More »
The holiday season has finally arrived! Are you looking for some gift ideas? We’ve got you covered, whether your budget is $5 or $500. More than 40 holiday gift ideas for every budget, ranging in price from less than $10 up to $50. Finish your shopping list today. The post 40+ Christmas gifts under $50
40+ Christmas gifts under $50 and ideas for every budget Read More »
You don’t need a Ph.D. in economics to know that economic bubbles—and their ensuing POPS!—can take us all for a wild ride. Bubbles occur anytime asset prices appreciate unrealistically; and they happen more often than we think. In the United States alone we have seen two in the past twenty years: The dot-com bubble in
Economic bubbles: What they are, why they happen, and why you should care Read More »
There are many ways to reduce your cellphone bill, perhaps even down to $0 a month, by swapping carriers, gauging your data usage and more. Cellphones have quickly become one of our most important telecom connections, with many people even forgoing home Wi-Fi in favor of using their cellphone’s hotspot. But with added capabilities comes
11 Ways to Reduce Your Cellphone Bill Read More »
You know investing involves putting money into “stocks and bonds.” And you know what stocks are. But do you know what a bond is? Here’s everything you need to know about bonds—from how they’re priced to why you should have them in your portfolio. Bonds are among the most underrated investment vehicles for folks under
How do bonds work? A beginner’s guide Read More »
What Is the Purpose of a Financial Plan? Financial planning comes down to a few key things: knowing where you stand financially, identifying your financial goals, and building a plan to reach those goals. A financial plan is a way to assess your current financial situation, identify long-term financial goals, and create a road map
What Is a Financial Plan? A Beginner’s Guide to Financial Planning Read More »
Establishing and building credit in today’s world can be an essential component of setting yourself up for financial success. A good credit score can make it easier to rent an apartment, get a lower interest rate on a car or house loan, be approved for a credit card or loan, and, in some cases, even
How to Build Credit: Why You Need It and How to Get It Read More »
Even with inflation increasing your monthly bills, you may be able to find a great deal with minimal effort on your part. Experian BillFixer™ saves you the time and headache of contacting your providers by negotiating better rates on your behalf. If you are looking for a way to cut costs and stretch your budget,
What Is Experian BillFixer™ and How Does It Work? Read More »
The best online savings accounts offer high interest rates, few fees, and are easy to open and use. See which account is right for you here.The best online savings accounts offer high interest rates, few fees, and are easy to open and use. See which account is right for you here. The post Best online
Best online savings accounts of November 2022 Read More »
If you’re wondering how to get out of debt, you’re not alone. Around 64 million Americans have some form of debt. And it’s not just credit card debt keeping people up at night. According to the credit-reporting agency Experian, Americans’ consumer debt adds up to more than $15 trillion. While each individual’s circumstances vary, trends
How to Get Out of Debt in 6 steps Read More »
You can avoid ATM withdrawal fees when you’re traveling internationally by using an in-network ATM from a bank that doesn’t charge foreign transaction fees or using a bank that refunds your ATM fees. If you’re using a credit card as well, you’ll also want to consider how to avoid paying the card’s foreign transaction fees
How to Avoid International ATM Fees Read More »
A high-yield checking account offers decent rates in a rock-bottom world. But are they too good to be true? What to look for before you take the leap. If you’ve got $5,000 in an account that earns 4%, you’ll receive a whopping $200 per year for doing practically nothing. The post Best high-yield checking accounts:
Best high-yield checking accounts: Earn up to 5% back for doing practically nothing Read More »
The decision of whether to max out your retirement contributions every year is a personal one and often depends on your ability to save, your progress toward retirement and other financial goals. Here are some things to keep in mind as you determine the right path for you. What Are the Limits on Retirement Contributions?
Should You Max Out Your Retirement Accounts? Read More »
Millions of forgotten 401(k) retirement accounts are begging to be claimed. As of May 2021, an estimated 24.3 million 401(k)s holding $1.35 trillion in assets had been left behind by people who changed jobs, according to financial services company Capitalize. If you’ve lost track of an old 401(k), what do you do? Well, don’t panic.
How to Find an Old 401(k) Read More »
I am always interested in how others manage their personal cash flow, so I’ve decided to share how I do it.Using a few different bank accounts can help you stay organized and save. Here’s how to separate your money into multiple bank accounts. The post How To Use Multiple Bank Accounts for Budgeting appeared first
How To Use Multiple Bank Accounts for Budgeting Read More »
You know you need to save for retirement, but where do you start? Here’s the differences between retirement savings accounts — like a 401(k) — and an individual retirement account (IRA).We compare the differences between an IRA vs. 401(k). What are the pros and cons of each, and which should you contribute to? The post
IRA vs. 401(k): Key Differences and How to Choose Read More »
The Federal Reserve is raising interest rates to tame high inflation. Here’s what that means for borrowers, savers, and investors.The Federal Reserve is raising interest rates to tame high inflation. Here’s what that means for borrowers, savers, and investors. The post The Fed Is Hiking Interest Rates… Again. What Does It Mean for Your Wallet?
The Fed Is Hiking Interest Rates… Again. What Does It Mean for Your Wallet? Read More »
A custodial account is an investment account that is opened and controlled by an adult, often a parent, on behalf of a minor. The adult, known as the custodian, is responsible for managing the account and making investment decisions for the minor, aka the beneficiary. All of the assets in the custodial account belong solely
What Is a Custodial Account? Read More »
As a military spouse who has moved numerous times—including an international move less than two weeks ago—I can say with confidence that moving is expensive. Even if some of your costs are covered by an employer or split with a partner, money still manages to fly out of your bank accounts faster than you could
How to Prioritize Your Purchases When Moving Read More »
