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November 28, 2016   |   Category: Debt Management   |   Author: Maurie Backman
Countless Americans experience financial stress in some form or another, whether it's due to mounting bills, growing debt, or the seemingly impossible task of paying for college. But for some of us, that stress may be great enough to impact our performance and productivity at work. According to data from SUM180, an online financial planning service, 29% of employees...
November 17, 2016   |   Category: Future Planning   |   Author: Kathleen Elkins
Home ownership is pricey, especially in a major city. Just how much money do you need to buy a house? In a November 2016 report, HSH.com calculates the annual before-tax income required to afford the base cost of owning a home — the mortgage's principal, interest, tax, and insurance payments — in major metro areas. Note that the base...
October 13, 2016   |   Category: Money and Credit   |   Author: CNBC
U.S. stocks traded sharply lower on Thursday as weak data out of China coupled with a possible Federal Reserve rate hike weighed on investor sentiment. The Dow Jones industrial average dropped more than 150 points before holding about 140 points lower, with Goldman Sachs (GS) contributing the most losses. The index briefly broke below the 18,000 mark and hit...
October 1, 2016   |   Category: Future Planning   |   Author: Rebecca Lake
Taking a strategic approach to managing your finances is a good way to keep tabs on how you’re doing, but even the most organized person doesn’t always take the time to make an annual financial plan. As fall approaches and students head back to school for a new year, it’s an excellent time to begin mapping out what you hope...
September 29, 2016   |   Category: Money and Credit   |   Author: Tom Anderson
The second longest bull market in history has lulled Main Street into complacency. U.S. investors expect their portfolios to generate an 8.5 percent return annually over the long term after inflation. Financial advisors said a 5.9 percent return is more reasonable, according to new research by Natixis Global Asset Management. The mismatched expectations could mean investors are saving...
September 8, 2016   |   Category: Debt Management   |   Author: Maryalene LaPonsie
Andy Smith, a certified financial planner and host of the radio show Investing Sense, recalls the most original way he's heard of to pay off debt. \"A son choose not to report his father's death and collected his Social Security benefits for a year,\" Smith says. While that method of gaining extra money is bound to end with a...
April 28, 2016   |   Category: SOFA News   |   Author: James E. Chilton
Do you remember when we were kids and we played musical chairs? A very simple game ... you go around in circles while the music is playing. Then, when the music stopped, you scrambled for a chair. The one left standing lost. Though a simple game for children, most Americans play it with their money 24/7 their entire lives....
November 6, 2015   |   Category: College Planning / Loans   |   Author: Michael Schramm
Midterms might be over, but the thought of final exams has many students are stressing already. But some students — to the dismay of many — aren’t sweating their knowledge on financial literacy. The reality is that most students aren’t making the grade when it comes to learning about personal finance. According to U.S. Bank’s recent survey, 65% of...
September 7, 2015   |   Category: College Planning / Loans   |   Author: Michael Schramm
The need for college students to be financially literate is an often-overlooked but increasingly important task for parents. Many students are misinformed about essential financial facts. For instance, 61% believed paying late credit card balances removed notices about them from a credit report, while 60% believed checks or debit card usage builds credit, according to a 2015 U.S. Bank survey...
July 31, 2015   |   Category: College Planning / Loans   |   Author: Jim Chilton
At my fifth and last child’s high school graduation, I settled into a seat next to a gentleman who was the father of another graduate. When the ceremony ended, most of the parents excitedly rushed forward to take photos of their sons and daughters. But this fellow just sat there in a classic dejected pose, his hands on his...
May 28, 2015   |   Category: Future Planning   |   Author: Casey Dowd
We’ve all made financial blunders at one time or another. But the negative impacts are particularly severe for baby boomers near or in retirement. Typically, they have more to lose and much less time to correct negative impacts. “The reality is this…with many of the Boomers in America today, since most people spend first and plan later – if...
April 20, 2015   |   Category: Future Planning   |   Author: Laura McCamy
“Small-business owners are like fighter pilots,” says Jim Chilton, founder and CEO of the nonprofit Society for Financial Awareness (SOFA). “They take much more risk than other people.” SOFA offers free training in financial literacy for individuals and small-business owners. “If you don’t do planning, you will have a world of financial blunders,” Chilton says. In honor of...
February 5, 2015   |   Category: Future Planning   |   Author: Dan Barufaldi
Source - Investopedia Clearly, small businesses are important to us all, but only the better managed businesses succeed. In a small business, effective management means properly balancing five factors: - Customers - Cash flow - Credit - Credibility - Capital These are referred to as the five \"C\"s. Let's take a look at these requirements to see how they...
January 16, 2015   |   Category: Future Planning   |   Author: IFG Integrity Financial Group
Understanding Financial Planning You may have heard the term “financial planning” before and wondered what it meant. Maybe you’re started thinking about making your own financial plan, but weren't sure where to start. Maybe you've tried the “do it yourself” approach, and have decided it might be time to work with a professional. What Is Financial Planning? ...
December 7, 2014   |   Category: Money and Credit   |   Author: Bureau of Consumer Protection
A Summary of Your Rights Under the Fair Credit Reporting Act The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records,...
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