Personal Finance

Let’s take a look at some of the common misconceptions about working with a financial advisor that are being proven to be no longer true.

Congratulations! Paying off your mortgage is a huge accomplishment, one that many people only dream about. Go ahead and celebrate but once the celebrations die down, there's a little more work to do in order to properly navigate your new post-mortgage life. The following four steps should help.

Most people get some kind of raise each year. They earn a little more than they did in the year before. Without a plan to save that raise, it’s very easy to use it up by adding a few luxuries or consumption to your regular spending.

We know all about the tried-and-true ways to reduce our work stress. We journal. We go outside. We take more frequent breaks. These methods are all backed by multiple studies to take away the bundle of nerves keeping us anxious. If these methods are not working for you, however, it’s time to get creative. Here are 4 suggestions:

A study released by GoBankingRates reveals that older people planning their retirement have cause for concern. 42% of Americans are facing their golden years with less than $10,000 in savings.

When it comes to getting into financial trouble and going bankrupt, many people think the reason is poor finances. While this does play a role, there are other reasons why people go bankrupt. In fact, in some cases, the cause of bankruptcy is out of the control of the person involved. Someone who is doing the right things financially and saving money can still find themselves staring in the face of filing for bankruptcy so what are the major reasons why people go bankrupt and what can you do to protect yourself? In this post, I’ll answer these questions. Let’s get started!

You may have little to no control over whether or not a disabling illness or injury will impact your life, but you can prepare for the what-if. If you don't, you could find yourself — and your loved ones — facing financial ruin should the what-if become reality. We all need to ask ourselves: "Could we make ends meet if we were suddenly disabled?"

If you have debt or have had debt in the past, you know how it controls your life - stress, embarrassment, uncertainty. Debt causes all these feelings. It’s not fun being in debt. Instead of worrying about how you will get out of debt, let’s focus on the benefits of being debt free. Below are 9 reasons to imagine a debt free life.

Many Americans have taken it upon themselves to do the vast majority of retirement planning without the help of a financial advisor. While that is perfectly fine and legal, it is not entirely wise considering the long-term margin for error. Plenty of things can go wrong, and they do, often leaving investors lost and confused about what they can do to better their circumstances. There are 5 major errors committed by solo investors that can greatly impact their ability to maintain wealth throughout their retirement. Here they are!

...The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government numbers provide some excellent insights on the income history of what we might think of as the private middle-class wage earner.