Category: Personal finance

COVID-19 Personal Finance Q and A

COVID-19 Personal Finance Q and A

COVID-19 reached American soil six months ago and business closures and lockdowns resulting in months of reduced (or no) income have thrown the finances of millions of households into a tailspin. What to do?...

How to Save Money on a New Car

How to Save Money on a New Car

After a house and a college education, a new car is one of the largest purchases that people make. Some people choose to buy a car outright and borrow money to pay for it...

How to Become Financially Independent

How to Become Financially Independent

Happy Independence Day! With the coming July 4thholiday weekend and release of the new Disney+ Hamilton movie celebrating the origins of America’s independence, I thought it might be useful this week to discuss financial...

Managing Money in Coronavirus Crisis Mode

Managing Money in Coronavirus Crisis Mode

Even before the COVID-19 pandemic took hold, many Americans were struggling financially. According to the Federal Reserve Reporton the Economic Well-Being of U.S. Households in 2019, only 63% of adults could cover an unexpected...

How Strong Are Your Resiliency Resources?

How Strong Are Your Resiliency Resources?

Events related to the COVID-19 pandemic have recently brought increased attention to the concept of resilience. I recently presented a 90-minute webinar for financial education professionals about building financial resilience. In everyday language, resilience is the...

Evolving Rules for RMDs

Evolving Rules for RMDs

There are several  key “milestone” ages in later life. At age 50, you can make catch-up contributions to individual retirement accounts and tax-deferred retirement savings plans, like 401(k)s. At age 62, you can start...