RetirementSavvy

Posts Tagged: debt

The following is a guest post from Eric Hutchinson, a certified financial planner with more than 30 years of experience in the areas of financial planning, investments, estate and tax planning. Hutchinson has professional affiliations with The Financial Planning Association, the Certified Financial Planner Board of Standards and the Investment Management Consultants Association. As Jodi walked… Read Article →

There are a number of actions savvy individuals can take, both in the short-term and the long-term, when they earn a raise or receive a bonus. Being financially literate and one day achieving financial freedom is not something that comes with a financial windfall. Savvy individuals consider their investment options long before they have the extra… Read Article →

Documentary: Thinking Money: The Psychology Behind our Best and Worst Financial Decisions (2014). Most of us have made decisions we regretted the next day. The thrill of the purchase quickly wears off. The emerging field of behavioral economics reveals why and shows that we’re practically hard-wired to overspend, an activity that lights up the brain’s pleasure… Read Article →

According to a 2016 study by NerdWallet, households with credit card debt are working themselves out of an average $16,061 hole. With respect to ridding one’s self of the debt chains and getting out of that hole, one school of thought is that credit cards with higher interest rates should be paid off first while the other… Read Article →

Contrary to what some in the insurance industry would have you believe, I do not believe insurance products, in general, should be considered part of your retirement investment portfolio. Most life insurance, in all its various flavors (term, whole, variable and universal), comes into play after your death. Considering I plan to be alive during my… Read Article →

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