Personal Finance

  • Personal Finance

    8 Ways to Pay Off Retirement Debt (Including Credit Cards)

    Despite your best savings efforts — and maybe due to some unexpected expenses — your retirement plans may have run into the stark reality that you didn’t end up with the nest egg you had planned on. In fact, you’re headed toward your golden years with credit card debt. Unfortunately, that’s the case for many Americans — 46{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513} of retirees have non-mortgage debt (that includes credit card debt, as well as auto loans, student loans and medical debt), according to a survey by the TransAmerica Center for Retirement Studies. And 14{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513} of them hold $10,000 or more in debt. Without your former income, you may be starting to worry about…

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  • Personal Finance

    What It Is — And Strategies to Overcome

    Losing a job is tough no matter what. Add a pandemic into the mix, and now millions of Americans are out of work for months at a time, creating a surge in long-term unemployment. For most out-of-work folks, it’s taking about 21 weeks to find a new job, according to the latest data from the Bureau of Labor Statistics. But for a record-breaking number of Americans, good replacement jobs are scarce, and it’s taking them much longer than that. Even as the overall unemployment rate drops each month, large sectors of the economy such as hospitality, events, performing arts, and many others haven’t rebounded. Some time between jobs is to…

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  • Personal Finance

    How to Cut Car Insurance Costs: Tricks for Everyone

    Today’s new luxury cars come equipped with a growing menu of high-tech driving-assistance options. Safety features like blind-spot collision-avoidance warnings can lower your chances of getting in an auto accident — while also reducing your car insurance rates. In fact, a new Business Insider article just found that auto insurance companies are offering up to 10{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513} discounts if your vehicle is equipped with an advanced driver-assistance system, or ADAS. Ah, but what if you can’t afford a new luxury car? What then? You’ll just have to lower your auto insurance premiums the old-fashioned ways. Here are three strategies: 1. Shop Around You need to get quotes from a few different…

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