What to Do About Debt in Retirement
From taking on side work to strategically downsizing, here are ways to help you tackle retirement debt. A growing number of older adults are in debt in retirement, according to the 2022 Survey of Consumer Finances from the Federal Reserve. Among people ages 65 to 74,...
5 Signs You Should Consolidate Your Credit Card Debt in 2024
Summer 2023 marked a new high for Americans’ total credit card debt, with balances passing $1 trillion for the first time in history, according to the Federal Reserve Bank of New York. While the holidays tend to be a reflective time, the definitive flip of the...
4 Strategies for Using Side Hustles to Fund Retirement Savings
The investing information provided on this page is for educational purposes only. At the start of 2022, I panicked after realizing I was in my early thirties with only about $4,000 saved for retirement. Once the panic subsided, my solution was to use side hustles to...
Buying a House in 2024: How to Overcome the Challenges
From high prices to low inventory, potential home buyers know it’s gnarly out there. But if you’re ready for homeownership, the long-term benefit of buying often outweighs the pain of toughing out the search — even these days. Think of it like your 5 a.m. spin class:...
Credit Card Debt Weighing on You? Some Small Steps Can Pay Off
Credit card debt is an unfortunate reality for many today. Americans owe over $1 trillion in credit card debt, according to recent data from the Federal Reserve Bank of New York. And with steep interest rates and a high cost of living, the end of the road with debt...
Preventing Elder Fraud and Financial Exploitation
Seniors are the fastest growing population segment in Ohio and the Scripps Gerontology Center projects more than 1 in 4 Ohioans will be age 60 and older by 2025. Unfortunately, that growth has contributed to high rates of fraud and financial exploitation targeting the...
How to Plan for Monthly Car Costs
The average cost of total car ownership in the U.S. rose 16% from 2019 to 2022, according to the U.S. Bureau of Transportation Statistics. A new study from NerdWallet conducted by The Harris Poll finds that this cost is wearing on American vehicle owners. The study —...
Investing for Retirement: Why You Might Want to Reconsider That 403(b)
The investing information provided on this page is for educational purposes only. Like many other educators, high school science teacher Robert Curtiss of Dearborn, Michigan, thought he was doing the right thing by investing in his school district’s 403(b) retirement...
How to Spot — and Avoid — Personal Loan Scams
When you need to borrow cash, the last thing you want to encounter is a fraudster plotting to steal money from you. But as people increasingly shop for personal loans online, scammers are ready to take advantage. Consumers reported losing nearly $8.8 billion in losses...
4 Things That Could Impact Your Credit in 2024
Credit is top of mind for many folks going into 2024. Nearly 4 in 5 Americans (79%) say they are trying to improve their credit, according to a recent survey from NerdWallet. Getting ahead of surprises will go a long way in protecting your credit. Here are four things...