Key Takeaways When deciding between a CFP and a CPA for retirement planning, it’s essential to understand their distinct roles and expertise. Integrating tax planning and financial strategy with CFPs and CPAs ensures comprehensive retirement planning. CPAs excel in tax planning, while CFPs receive extensive training in investment, estate planning and retirement strategies. Working with…
Key Takeaways A mistake at the bank might require a simple phone call to your local teller or involve a visit to the branch to speak to someone. It’s important to keep notes if resolving the issue will take multiple steps. If you’ve experienced fraudulent charges, it’s important to notify the bank as quickly as…
Key Takeaways It may be possible to get out of student loan debt faster through income-driven repayment plans, student loan forgiveness programs, student loan refinancing or student loan consolidation. Borrowers who are struggling to repay their student loan debt can explore programs like forbearance or deferment, although this might result in a longer repayment period….
Amid growing instances of attacks on Indian students in the US, there has been a debate about other study destinations where students from India can go for their higher studies. Recently, the video of an Indian student from Hyderabad went viral, where he was seen bleeding profusely. He was beaten and robbed in the US. …
Key Takeaways The median savings account balance for all families in the U.S. was $8,000 in 2022. Generally, higher-income earners and older individuals save more than younger ones. Some experts suggest three to six months’ living expenses as a goal. Are you curious how your savings stack up to other Americans? According to the Federal…
Key Takeaways Up to $250,000 in combined total balances should be insured at most banks and credit unions. Your homeowner’s or renter’s insurance probably doesn’t cover loss of cash from theft, fire or flood. It’s important to do your part to protect your money and be vigilant against debit card fraud and other scams. Living…
Key Takeaways Retiring abroad on $1,000 per month doesn’t mean sacrificing quality of life. Many countries offer excellent health care, infrastructure and amenities at a fraction of the cost compared to the U.S. The cheapest places to retire abroad include Panama, the Philippines, Portugal, Malaysia, Mexico, Thailand and Vietnam. Before making the move, consider expenses…
Key Takeaways: Nearly 1 in 5 Americans age 65 and older was working in 2023, according to the Pew Research Center. Surveys show that older employees value meaningful work and flexible jobs. Enjoyable jobs for older Americans include a mix of skilled jobs and entry-level positions. Many people may be able to leverage their existing…
Key Takeaways Take account of your savings, investments and retirement accounts to make sure you have enough funds to retire. Lay out the monthly costs you’ll have to cover and consider how your income will pay for those. Look into Social Security benefits so you can decide when to start the application process. Get rid…
A personal loan allows you to borrow a lump sum of money, in some cases up to $100,000, that you usually repay over a period of one to five years. The interest rate and monthly payments on a personal loan are typically fixed, which means you know exactly how much you owe each month and…
