While retirement can be a different experience for each person, once you stop working, you’ll need sources of income to support yourself. Retirement income can come from savings and social assistance programs such as social security retirement benefits. Social Security, also called ‘Old Age, Survivors, and Disability Insurance’ (OASDI), is a federal program that provides […]
In July 2025, the federal government passed a bill known as the “One Big Beautiful Bill.” This bill introduced many important economic changes including the creation of “530A accounts,” which are a new type of individual retirement account (IRA) for eligible children (IRS). IRAs are often used for retirement savings by people with earned income. […]
For many years, if a person didn’t have enough money or didn’t want to use their money to buy an item or service, their options were to delay the purchase, borrow money through a bank or credit union, or use a credit card. Since 2019, ‘Buy Now, Pay Later’ (BNPL) loans have become a popular […]
The accounts you can use to save for retirement include employer-provided accounts like a 401(k) or 403(b). Other options include personal retirement savings accounts like individual retirement accounts (IRAs). No matter which type of account you use, it is important to know if the account is a ‘traditional’ (pre-tax) account or ‘Roth’ (after -tax) account. […]
Perder su trabajo puede conllevar un impacto serio en su vida. Más allá de los problemas financieros que la pérdida del empleo puede significar para una persona y su entorno cercano, también implica un desafío en el área del bienestar. Según la Asociación Estadounidense de Psicología, las investigaciones en torno al desempleo muestran que perder […]
When bills like hospital and other medical bills, credit cards, and other debts come with amounts owed that are bigger than last month, it can seem like you’ll never be able to get them all paid off. There are several different ways of tackling debt. Take a look at the choices below and pick the […]
To lower your costs when shopping for groceries and other items or services, you can use a coupon, which is a ticket or code that gives you a discount. Coupons can lower the price of a purchase by a certain dollar amount or a specific percentage. A study by Consumer Reports found that a third […]
Losing your job can have a big impact on your life. Beyond the financial challenges that job loss can have on a person and their household, there are also wellbeing challenges. According to the American Psychological Association, research on unemployment shows that losing a job can impact a person’s mental and physical health. This article […]
Information on most topics is widely available through a web search or using an artificial intelligence tool like a digital assistant on a mobile device. While there are many benefits to having quick access to information, it is important to know that a lot of the information you receive may not be reliable. Knowing if […]
Historically, owning a home has been one of the most common ways for Americans to build wealth. Through home ownership, you and your family can grow your wealth and have a strong sense of stability. As you pursue home ownership, you should know the information that will help you achieve this goal. This article answers […]
In the Unites States, it is common for many people to have debt. Borrowing money to buy a car, house, or other expensive item is normal. Yet, if you have too much debt it can lead to stress and not being able to pay your bills and other expenses. For anyone with debt, it may […]
Having insurance can be an important part of your financial life. Some insurance policies are required by law, like auto insurance on your vehicle. Other insurance policies may be available through your employer, like health and dental insurance. Life insurance is another type of insurance you may want to have. You may also be able […]
