Debt is generally considered something to avoid. Yet it is a necessary step in the financial journey of most Americans. Indeed, for many people, debt is required to get through college, buy a home, and fund items necessary for a career or business. But debt, thanks to vehicles like credit cards and payday loans, can
It’s a major source of stress for most retirees: Managing their portfolio withdrawal rate to ensure that they don’t outlive their assets. Indeed, once they leave the workforce, seniors are faced with the challenge of converting their savings into a sustainable income stream. That’s no small task considering their financial nest egg often consists of
Most families who are socking money away for their children’s college tuition don’t take advantage of tax-friendly savings tools, like 529 college savings plans, that could potentially supercharge their savings. Results from the latest MassMutual College Savings Study reveal that just 28 percent of families who expect their kids to attend an institute of higher learning plan
In these days of self-directed retirement accounts, many people tie their savings to the stock market through 401(k) plans and Individual Retirement Accounts. That can seem like a good money move when stocks are generally growing or recovering. But it can be a concern when markets are in a downtrend. While the stock market has
Stock Market Plunges to Lowest Level in Almost 12 Years – The New York Times 1 The Death of Equities – Businessweek2 After a Wild Week on Wall Street, the World is Different. – Time Magazine3 News of market volatility can be scary, and many people react by moving their savings into less risky investments –