Tag: personal financing

  • Used car loan payments have reached a major level

    Buying a used car is still so expensive Suppliers The bottlenecks eased, pushing the average loan amount to $28,506. Consumers still rely heavily on financing to purchase their vehicles and the average loan amount rose 8.59% year-over-year, according to credit score company Experian. However, there are some flashes of light. “Since the beginning of the […]

  • Avoiding a retirement account requires minimal distribution errors

    Kemal Yildirim | E + | Getty Images You have about a month left to make sure you get it right when it comes to mandatory withdrawals from retirement accounts. Required Minimum Distributions, or RMDs as they’re called, are annual amounts that must be taken out starting in the year you turn 72 — up […]

  • Can you retire with a million dollars? Here’s how far personal finance will go

    Becoming a millionaire sounds like a surefire way to live comfortably in retirement, but is it really? More than a third of millionaires say it takes a miracle to have a secure retirement. This is according to 2021 Natixis Global Study for Individual Investorswhich was surveyed by 1,617 people who have accumulated at least $1 […]

  • IRA contribution limits are going up in 2023. Here’s how to make the most of it

    (Kylie Hagen) IRAs are popular because of the freedom they give you to invest your money however you want, but they have one drawback: their low contribution limits. In 2022, you can only contribute $6,000 to an IRA or $7,000 if you’re 50 or older. These limits apply to all of your IRA contributions, not […]

  • How stay-at-home couples can build credit

    Couples share a lot, but regardless of your relationship status, your credit score belongs to you and only you. Even if you get 100% financial support from your spouse or partner, establishing and building your credit score is essential. It can benefit both of you as you navigate financial decisions together. But in the event […]

  • Do You Know All Four of These Social Security Secrets?

    (Dan Caplinger) If you’d like bigger Social Security checks in retirement, it’s important to know everything you can about the federal government program. Unfortunately, it can be difficult to get the information you need, and many people are still out of the blue when it comes to the key aspects of Social Security that determine […]

  • These household bills add to your cost of living

    People who pay the bills might take notice, but Americans as a whole don’t seem to pay much attention to the cost of living. The cost of living is often an abstract concept that heads of household admit they need to address but often don’t. What is the cost of living? It is the total […]

  • Six things to do immediately after you calm down

    Looking to tighten their belts and curb their budgets, corporate America is in a slash-jobs mindset these days, as some of America’s largest groups are furloughed by thousands of workers. meta (meta) – Get a free reportFacebook, formerly known as Facebook, laid off 11,000 employees in the second week of November. Twitter’s new boss, Elon […]

  • Medibank data breach: How to switch health insurance companies if you’re concerned about cybersecurity, costs, or claims

    More than half of Australians are pregnant Private health insurance. About a quarter, or nearly four million people, are members of Medibank – Australia’s largest health insurer and the company at the heart of the Electronic security busts. Watch the video above: How to protect yourself after a data breach. For more health and wellbeing […]

  • Should you downsize to save money? | personal financing

    “Inflation has been much more stable than people first thought,” says Connor Spiro, chief financial advisor at John Hancock. “I think as we continue to go into 2022 and into 2023, you may see that it will continue for much longer than originally thought.” Typical budget tips focus on cutting back on everyday discretionary expenses […]