Social Security is something we’ve all heard about, but how exactly does it work? It’s a pay-as-you-go system, which means that if you’re currently working, you’re paying into Social Security. Today’s workers and employers are funding the benefits for those who are receiving them right now. Now, if you’re anything like us, then at some… Continue reading Maximizing Your Social Security
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Borrowing Money? How Improving Your Credit Score Can Save You Money
What is a credit score? A credit score reflects your credibility with lenders. It is based on your borrowing history, tracked by the three major credit bureaus: Equifax, Experian, and TransUnion, and is updated monthly. Your credit score is influenced by several factors: Interest is the cost you pay the lender to finance your purchase.… Continue reading Borrowing Money? How Improving Your Credit Score Can Save You Money
Top 5 Ways Plan Sponsors Can Empower the Financial Wellness of Latino and Hispanic Employees
The second-largest racial or ethnic group in the United States is Latino/Hispanic, sitting at just under 19% in 2020. This number is expected to grow, and as Latino and Hispanic individuals make up a larger portion of the U.S.’s labor force, their economic power will grow as well. Amid this growth, Latino and Hispanic… Continue reading Top 5 Ways Plan Sponsors Can Empower the Financial Wellness of Latino and Hispanic Employees
Divided Nation – Active v Passive Investing
Once again, this fall, our nation is more divided than it ever has been. Often seemingly innocent dinner-time conversations swerve into “that” divisive subject, and once strong friendships and family relationships become strained. Far too often each side decides to simply not discuss “that” topic anymore, while smugly enjoying the high ground of their intellectual… Continue reading Divided Nation – Active v Passive Investing
Financial Wellness for Public Sector Employees
As a rooster was scratching up the straw in a farmyard, in search of food for the hens, he hit upon a jewel that by some chance had found its way there. “Ho!” said he, “You are a very fine thing, no doubt, to those who prize you; but give me a barley-corn before all… Continue reading Financial Wellness for Public Sector Employees
Beware of Imposter Scams
It was a busy morning getting ready for work and getting the kids ready for school when Tom received a text message from his bank stating there had been a suspicious purchase and they would be calling briefly to sort it out. In a few moments, the phone rang, and the caller I.D. indicated it… Continue reading Beware of Imposter Scams
Protecting Yourself Against Data Breaches
2024 has been a year of major data breaches. Here are some examples: Considering the ongoing number of incidents, it’s crucial to take a proactive approach to protect yourself. Freezing your credit is the most effective step you can take. Freezing your credit is important because it helps protect you from identity theft, especially after… Continue reading Protecting Yourself Against Data Breaches
Mapping Your Financial Priorities
Finances are a part of each of our lives, and at some point, we all come across financial advice. No matter how good the advice, sometimes we can find ourselves wondering, “Is what worked for you ideal for me considering my circumstances?” There’s no one size fits all financial advice but there are good principles… Continue reading Mapping Your Financial Priorities
Your 401(k) School Supply List
The backpacks have been filled and pencils have been sharpened: it’s time for school to start! As students have the supplies they need to be successful in the classroom, now is a great time to give your retirement plan the “supplies” it needs to work even harder than you do: Remember, you have a copilot… Continue reading Your 401(k) School Supply List
What is an IUL?
Indexed Universal Life Insurance (IUL) is a popular topic for those looking to combine life insurance protection with the potential to build cash value. Unfortunately, social media sound bites are often high on praise and low on details. Let’s break it down in a way that’s easy to understand. How Does an IUL Work? When… Continue reading What is an IUL?
