RetirementSavvy

Posts Tagged: debt

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 →

When you go through dire financial straits, and you’ve fallen behind on your monthly loan payments, you feel like there’s nowhere to turn. One probable option to streamline your soaring bills and get organized is debt consolidation. It allows you to roll over several debts into a single loan with a lower rate and an… Read Article →

The following is a guest post from Rhett Ahlander, a finance writer reporter for Fusion 360, an SEO and content marketing agency. Information provided by Sanctuary Wealth Management. Making Money and Investing Wisely When it comes to making money and investing wisely, any financial advisor in Idaho and elsewhere would say that it takes a few key… Read Article →

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