Monthly Archives April 2018

Don’t Make These Five Budget Errors

Have you ever investigated the working habits of citizens in other industrialized nations? You might be surprised to learn that many people throughout the world work shorter hours than we do, and they take longer vacations. For example, it is not uncommon for Europeans to take month-long summer vacations, whereas in the US most of us only take a week. It seems like we’re working harder than many others, and yet we retire later. Why is that? Culture throws a number of variables at us, so we certainly can’t pinpoint a single cause for this phenomena. But we do know
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Categories: Blog.

Retire at 62? Consider These 2 Factors First

If you’re in your fifties, you are probably beginning to feel more concerned about retirement. At this point in time, most of us begin to seriously evaluate our ability to retire someday, we kick our savings into high gear, and we start trying to pinpoint a target retirement date. Most of us assume that we’ll work until “sixty-something”, but beyond that guess, we aren’t really sure when we’ll retire. It is often a good idea to wait until you reach full retirement age, as defined by Social Security, so that you can access your full scheduled benefits. However, because Social
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Categories: Blog.

What Does a “Credit Freeze” Do?

In 2017, a security breach through Equifax leaked personal data on 143 million Americans. With their names, addresses, and Social Security numbers now potentially in the hands of hackers, many of those individuals decided to utilize a credit freeze to protect their identities. You might even be considering this move yourself, if your information was breached (or is compromised in the future). But, what exactly happens when you freeze your credit? Essentially this means that the three major credit reporting bureaus can no longer provide your credit history when requested by new creditors. So, if someone applies for a credit
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Categories: Blog.

Will the Federal Rate Hike Affect You?

We always strive to bring you the financial news that will affect you personally, whether good or bad. Of course, events can impact us all differently, so often the effects of a particular news item will depend upon your own situation. That’s certainly the case with the interest rate hike, announced last month by the Federal Reserve. The increase of about 1.5 to 1.75 percent came along with an encouraging statement, regarding low unemployment, job gains, and an overall improving economy. Typically, a strengthening economy is great news for all of us, but how will the interest rate hike affect
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Categories: Blog.