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The Difference Between Good and Bad Debt

Who will retire with substantial debt? It seems many baby boomers will – too many. In a 2014 Employee Benefit Research Institute survey, 44% of boomers reported that they were concerned about the size of their household debt. While many are carrying mortgages, paying with plastic also exerts a drag on their finances. According to [...]

Understanding Your Risk Tolerance

The recent success of Chinese megacompany Alibaba's IPO (Initial Public Offering) has sparked many investors' interest. But before jumping in with both feet and opening your checkbook, there are many factors to consider. How’s your ability to withstand short-term losses? This is the question at the core of any discussion of risk tolerance. Some people [...]

6 Steps to Get Out of Debt

When it seems like you can barely keep your head above the financial waters, what can you do to lighten up the heavy debt load? Positive moves to counteract negative cash flow. The financial analysis website nerdwallet.com keeps track of the various debts common to the U.S. household. As of April 2014, they found an [...]

The Top 4 Free Budgeting Apps

These days, we all literally hold our finances in our hands.  Whether it’s making purchases, accepting small business payments, or simply checking account balances, personal wealth has gone mobile.  With the speed and ease of transferring money on the go, it’s increasingly difficult to keep tabs on our budget—much less our larger financial goals.  Fortunately, the same devices that [...]

Planning for New and Impending Social Security Changes

From middle-aged wage earners to current retirees, just about everyone is eager to know what they can expect of Social Security in the coming years.  People are living longer lives and requiring longer-term sources of income, yet rising health care costs, government deficits and a still-shaky economy could jeopardize their retirement prospects. Despite the consistent [...]