After you marry, to what degree should your financial lives be shared? Many couples who marry also wed their finances together. Whether they partly or fully merge their finances, many couples may see more advantages than disadvantages to taking this step. Some young married couples decide to create joint accounts early. Without a joint checking or savings account, the matter …
Debt, Learning, and Future Earning
How to handle the cost of continuing your education. Some people decide to get another college degree later in life. That typically means taking on student debt, and dealing with that debt after 40 takes planning. Between 2005 and 2015, the number of Americans older than 60 carrying outstanding student loans quadrupled. How can you plan ahead to avoid joining …
Will You Retire in a Bull or Bear Market?
Learn how that could affect your retirement strategy A bull market can promote overconfidence. You may be lulled into thinking that the major indices will rise for years to come. That is not a given. The danger arrives if the market slumps and your income is too heavily tied to equity performance. The upside is that when the bulls run, …
What to Do Before 30 if You Want to Build Wealth
Some key financial steps that you could take. Your twenties are the perfect time to save and invest. Do it now, and you will have a great ally—time—on your side. Think about doing the following things if you’re not doing them already. Put money into a retirement plan. Save and invest through a 401(k), a 403(b), a Roth or traditional …