Category Archives: Retirement

7 Personal Finance Strategies You Need to Know if You Are in Your 40s

7 Personal Finance Strategies You Need to Know if You Are in Your 40s

Once individuals hit their 40s, they need to focus on securing their finances so that they are ready for retirement and other demands. During this time, kids may be preparing to start college and parents may need expensive nursing care. Consequently, our 40s prove extremely stressful in terms of finances, and this makes it extraordinarily… Continue Reading

3 Retirement Savings Alternatives to the Traditional 401(k)

3 Retirement Savings Alternatives to the Traditional 401(k)

One of the most critical yet confusing aspects of personal finance is saving for retirement. Individuals have a number of different options for saving, and it can become difficult to decide which avenue is the best. Many people do not even realize all the different options that exist and tend to stick primarily with the… Continue Reading

The 5 Factors that Contribute to a FICO Credit Score You Need to Know

The 5 Factors that Contribute to a FICO Credit Score You Need to Know

Individuals working to improve their credit scores need to understand how the score is calculated. There are many misconceptions about what factors do and do not contribute to this score. Dedicating time and energy to address issues that will not even affect one’s score is a waste of effort. Fortunately, when individuals understand the approximate… Continue Reading

What You Need to Know About the Retirement Savings Tax Debate

What You Need to Know About the Retirement Savings Tax Debate

One of the most important tools that individuals use to save for retirement is the 401(k) plan, which now faces an uncertain future. With different messages coming from the legislative and executive branches regarding potential changes to tax law considering 401(k)s, many Americans are rightfully worried about what the future holds for this popular investment… Continue Reading

A Look at the Benefits and Drawbacks of Investing in Index Funds

A Look at the Benefits and Drawbacks of Investing in Index Funds

The former president of DFC Global Corporation, Don Gayhardt serves as chief executive officer and president of CURO Financial Technologies Corp. Through CURO, Don Gayhardt provides short-term financial services to unbanked and underbanked individuals. He is also a member of the Community Financial Services Association of America board. Through these positions, he helps individuals reclaim… Continue Reading

6 Ways You Can Jumpstart Retirement Savings Efforts Today

6 Ways You Can Jumpstart Retirement Savings Efforts Today

Finance professionals tell their clients to start saving for retirement as early as possible. Following this advice allows people to avoid playing catchup later in life, which can prove extremely challenging. Many people neglect retirement savings when they are young because they think it will hinder their ability to pursue other activities. Other people may… Continue Reading

How Options Can Mitigate the Risk of Investing in Stocks

How Options Can Mitigate the Risk of Investing in Stocks

Many investors rely on options to round out their portfolios. While options have traditionally been considered risky investments, investors who understand these risks can use them to accomplish a number of financial goals. As with futures, options can be used to hedge against declines in the market and to minimize losses, as well as to… Continue Reading

9 Personal Finance Blogs That You Should Be Reading

9 Personal Finance Blogs That You Should Be Reading

In today’s busy world, people often want information delivered to them in small, digestible chunks. For this reason, short-form media such as podcasts and blogs have become one of the leading sources of insight on a wide variety of topics, including personal finance. When it comes to a subject as complicated as personal finance, obtaining… Continue Reading

The Benefits and Drawbacks of 4 Common Low-Risk Investments

The Benefits and Drawbacks of 4 Common Low-Risk Investments

Some people are comfortable with riskier investments, but others would prefer to keep their savings in a safe investment vehicle, even if it means receiving smaller returns. There are several safe investment vehicles to consider, and you should carefully weigh the pros and cons of each before making a final decision. Some of the most… Continue Reading

This Is What Everyday Investors Need to Understand about Options

This Is What Everyday Investors Need to Understand about Options

The typical investor’s portfolio consists of stocks, bonds, and mutual funds, but other types of securities are available for increasing diversification. Many sophisticated investors rely on options to create new opportunities within their portfolios. Options are extremely versatile securities that can help investors shift their market position to hedge risk and even engage in speculative… Continue Reading