Financial Advice for Women
It is LONG past time for consumers to leave Wells Fargo Bank after one more revelation of customer mistreatment to enhance the bottom line. This time the bank has admitted charging 570,000 of its customers for auto insurance that duplicated coverage they were already paying for, causing financial strain that resulted in many to lose…
Do you know the difference between Treasury bills, notes, and bonds? Listen to a 6 1/2 minute podcast from FINRA to learn about treasury securities. FINRA has lots of other podcasts to inform you about financial affairs. Check out: http://www.finra.org/investors/podcasts/treasury-securities-3-ways-lend-uncle-sam?utm_source=MM&utm_medium=email&utm_campaign=Investor%5FNews%5F062317%5FFINALLots more podcasts at: http://www.finra.org/investors/podcasts Source: Financial Planning for Women
Economist Laurence Kotlikoff offers an alternative to a reverse mortgage for the house-rich and cash-poor senior homeowner. He is not a fan of the Home Equity Conversion Mortgage, or HECM. “An HECM sounds like a great financial product. It lets people 62 and older, many with little if any financial assets, tap into their home…
“Credit card companies usually set small-dollar minimum payments, so there’s really no excuse for incurring fees for late card payments.”“Yet many consumers fail to pay on time. In a new study, British researchers found a no-brainer solution that is highly effective: setting up automatic payments of our credit cards.”“The researchers started out with a different…
“What’s an IRA?” the young person planning to get a tattoo might ask.A tattoo is forever, following you into retirement. How many future retirees will look at their sagging tattoos and wish they had saved more for retirement? How much are you spending on tattoos that provide no economic return while claiming you can’t afford…
Almost everything you need to know to plan for retirement is available on the blog post by Joseph Hogue, author of the PeerFinance101 blog: 7 Retirement X-Factors for Your Nest Egg. It’s never as simple as accumulating X times your salary or other “rules of thumb.” Check out: http://peerfinance101.com/retirement-x-factors-how-much-need/ Source: Financial Planning for Women
A recent study confirms that seniors become more confident in their ability to make financial decisions at the same time that their financial knowledge and decision making skills are declining… an ominous combination. “Although episodic memory and financial literacy score decline at roughly the same rate after age 60, confidence in financial decision-making ability remains…
To avoid these mistakes, check out: http://www.forbes.com/sites/mattcarey/2016/08/16/10-retirement-mistakes-baby-boomers-are-making/#3fbc354e3a1f Photo © Mary Katherine Wynn | Dreamstime Stock Photos Source: Financial Planning for Women