accounting

Learn how to set limits, it will help you achieve your financial goals

Learn how to set limits, it will help you achieve your financial goals

Although setting boundaries around money can sometimes be a daunting task, it can help put you on the path to financial well-being. If you’re having trouble setting (and sticking to) financial boundaries, there’s no better time than the start of a new year to get into the habit. What are the financial limits? “Financial boundaries …

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A sudden loss of wealth is devastating.  These financial advisors know how to help people get their portfolios back on track.

A sudden loss of wealth is devastating. These financial advisors know how to help people get their portfolios back on track.

We often talk about the challenges people face when they suddenly become rich. Receiving a cash windfall – from an inheritance or a lottery jackpot, for example, can turn someone’s life upside down in unexpected ways. People who experience a sudden loss of wealth also have their lives turned upside down – their plans for …

A sudden loss of wealth is devastating. These financial advisors know how to help people get their portfolios back on track. Read More »

“I want to meet someone rich.  Is it so bad?  I'm 46, make $210,000, and own a $700,000 house.  I'm tired of dating "losers".

“A friend advised me to find a husband”: I am almost 50 years old and I am about to retire. Would it be a mistake to get married and mess up my finances?

I am a single woman in my late 40s with no children. At 50, my federal agency will allow me to retire with a full pension. I’m planning on doing this because I have a large amount saved in my savings plan, and I’m going to be moving to a southern state, probably Georgia. A …

“A friend advised me to find a husband”: I am almost 50 years old and I am about to retire. Would it be a mistake to get married and mess up my finances? Read More »

“I want to meet someone rich.  Is it so bad?  I'm 46, make $210,000, and own a $700,000 house.  I'm tired of dating "losers".

“I want to meet someone rich. Is it so bad? I’m 46, make $210,000, and own a $700,000 house. I’m tired of dating “losers”.

I’ve reached the point in my life where I want to settle down, but I recently had a disagreement with a friend about my priorities, and I’d appreciate your insight. I’m 46, single, and make $210,000, not including my annual bonus. I have paid off my student loans and I own my house. He is …

“I want to meet someone rich. Is it so bad? I’m 46, make $210,000, and own a $700,000 house. I’m tired of dating “losers”. Read More »

"He thinks all financial advisers are scams."  Our IRA is down 30% this year, but my husband refuses to see an advisor.  Now I'm considering going behind his back.  What is my move?

“He thinks all financial advisers are scams.” Our IRA is down 30% this year, but my husband refuses to see an advisor. Now I’m considering going behind his back. What is my move?

Getty Images Question: I retired in January 2022 just before the market started to crash and saw a 30% loss in value of my IRA portfolio. My husband and I don’t have a formal financial plan because he doesn’t believe in financial advisors. I feel very adrift financially and have tried to educate myself but …

“He thinks all financial advisers are scams.” Our IRA is down 30% this year, but my husband refuses to see an advisor. Now I’m considering going behind his back. What is my move? Read More »

What to know as Social Security's record 8.7% COLA goes into effect

What to know as Social Security’s record 8.7% COLA goes into effect

Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …

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This state has the best personal finance education in the US - you can tell by its average credit score

This state has the best personal finance education in the US – you can tell by its average credit score

Financial literacy is key to managing money, but how well are states preparing their students? Tennessee tops the list of US states that offer the best financial education to its residents, according to a new report from financial services firm OneMain Financial. More than 99% of public high school students in Tennessee have what is …

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Personal savings have plummeted - how to boost your savings in a recession

Personal savings have plummeted – how to boost your savings in a recession

As the red flags go away, that’s a big deal. Americans’ personal savings have plunged this year, hitting $629 billion in the second quarter of 2022, according to data from the Federal Reserve Bank of St. Louis. That’s down from $1.98 trillion in the second quarter of 2021, and down from recent highs of $3.99 …

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“We Will Not Survive Our Money”: How Can We Give Our Nieces and Nephews $10,000 Without Offending the Rest of the Family?

“We Will Not Survive Our Money”: How Can We Give Our Nieces and Nephews $10,000 Without Offending the Rest of the Family?

My husband and I were told that we had accumulated a large enough nest egg that we would not outlive our money. We had always intended to recognize our nieces and nephews in our wills with a modest donation ($10,000 or less). However, we hope to have many years ahead of us. Most of our …

“We Will Not Survive Our Money”: How Can We Give Our Nieces and Nephews $10,000 Without Offending the Rest of the Family? Read More »