I recently read an article stating divorce rates in the United States are declining – except for people over 50. There are many reasons this could be happening. Some may find that the longer they live, there are more opportunities to grow—and grow apart. Or they discover that as the kids grow up and move out, the glue that holds a marriage together disappears. Another thought is that with more women working and becoming financially independent, there may not be a financial need to stay together. But you should be aware that gray divorce – divorce after 50 – can be financially devastating without careful planning. To help out, here are 5 financial considerations of gray divorce.
Learning the basics of investing may feel overwhelming. But it doesn’t have to be. Today I’m sharing some basic concepts you should know before you get started.
In normal years, life insurance isn’t exactly a frequently-discussed topic in most households. But no one would call 2020 a normal year. And because of this, internet search traffic for life insurance has been significantly higher.
Your credit score is an important factor in your financial life. After reading my July blog post, did you find yourself wondering how to raise your credit score? Regularly checking your report for errors is a great first step to maintaining your score. And as promised, here are some valuable tips to help raise your credit score.
In the past, we have written blog posts on when you should start planning for retirement, how much money you will need in retirement, ways to gauge your saving for retirement, and creating a plan to manage your income in retirement. But have you ever taken the time to figure out, “What Are You Saving for in Retirement?”
Have you given much thought to your credit score? It won’t surprise me if your answer is no. Most of us know that a bad score can prevent us from getting a loan or credit card. But many people don’t have any idea what their credit score is, how to improve it, or why it even matters.
