By now, most Americans who were expecting a tax refund have probably received it. The excerpt below (from a 2012 article on financial samuri.com) has some interesting advice about tax refunds. See what you think:
The federally mandated minimum wage is $7.25/hr. The math in the chart below says that if a person who is 18 years old and earning the minimum wage started saving 3.9% of her monthly wages ($47 dollars), assuming she worked 40 hours a week and did so until retirement...
According to Fidelity Investments, the nation's largest retirement plan provider, the following are the average retirement balances by age cohort (see the full article here)
Did you know 35% of prime working age adults (those between age 30 and age 55) have zero retirement savings set aside and that among the 65% that have put something aside, the average net balance is $73,000 (the median balance is $35,000).
Note: This is an actual letter I wrote to someone who was thinking about how to handle some various debts. After stripping out anything that could be used to identify the individual I thought the letter could still be generally helpful to others. So here it goes....
Actually, it helps a lot when it comes to getting creditors to lower the fees they charge you. In fact, according to this article, 87% of cardholders who asked for a late fee to be waived and 69% who asked for a lower interest rate, were successful.
"If you don't know a lot, things are pretty simple. If you know a lot, things are also pretty simple. The challenge, therefore, is getting to the right kind of simple."
With that in mind, I asked a doctor that I happ...
The expert (and common sense) advice for credit card use is to pay balances off in full every month. But according to creditcards.com, about 40% of consumers don’t do that. And among that group, the average balance outstanding is $17,000. That’s $17,000 that the con...
When investing in individual stocks, it is prudent to invest in solid companies and to have a long term perspective. Anything short of that approach is not investing and is more appropriately called speculating, which is not to say that speculating is a bad thing, and...
There's a saying, past is not prologue. Of course it's true. But here's a history lesson, nonetheless, on the price of gold versus the Dow Jones Ind...
The Success Sequence
May 21, 2018
When The Federal Reserve Raises Interest Rates, Your Credit Card Bill Rises
June 27, 2018
The expert (and common sense) advice for credit card use is to pay balances off in full every month. But according to creditcards.com, about 40% of c...
