If Club Med has turned into Club Dread, then you’re in good company. A whopping 85% of people who purchase a timeshare regret their decision.1 But getting out of a timeshare agreement isn’t easy. Smooth-talking salespeople are trained to keep you in your contract, or worse, upsell you or renegotiate…
Pensions and 403(b) plans represent two distinct ways to save for retirement, each with its own structure and advantages. A pension provides a predictable income stream in retirement, usually funded and managed by an employer. A 403(b), on the other hand, relies on employee contributions and investment growth, giving individuals…
So you’re dreaming of moving to the Golden State—but can you afford the cost of living in California? That’s a smart question to ask before you sell your house and load up a U-Haul with surfboards and sunscreen. According to a 2020 Cost of Living Index, the average city in…
Because annuities are designed to provide long-term income, accessing funds too early can trigger an annuity early withdrawal penalty. Insurance companies typically impose surrender charges if you withdraw money within the first several years, and the IRS may add a 10% penalty on withdrawals before age 59 ½. These costs…
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A lot of people get into stock trading with these grand visions of finding the next Apple or Facebook to invest in and making a huge fortune. But stock trading is a lot like fishing. Your buddy will gladly tell you all about “the big…
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Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
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Did you know that when you submit a job application online, it’s probably read and filtered by a robot before a human ever sees it? No, this isn’t Star Wars, folks—just the 21st century job market. And that “robot” is something called an applicant tracking system (ATS). There’s no way…
Getty Images / Win McNamee / Staff Key takeaways The Federal Reserve’s September rate cut is likely the beginning of lower yields on CDs and other deposit accounts. Locking in a CD now can secure today’s higher rates, which are still outpacing inflation. Don’t rush to put money into a…
Some people can walk right into an interview and knock it out of the park without even raising their heart rate. (Wouldn’t we all like to have that kind of confidence?) But if you’re anything like the average job seeker, interviews aren’t exactly high on your list of fun, stress-free…
Bloomberg Creative/Getty Images Key takeaways The federal funds rate impacts how expensive it is for lenders to loan money, so consumer loan rates typically change when the federal funds rate changes. During the Federal Open Market Committee’s July meeting, the regulatory body announced it would hold the federal funds target…
I hear from so many people who are nervous or scared to make a career change in their 50s—even if they’re miserable at their current job. And folks, I get it. There are a lot of fears and insecurities that can creep up when you’re thinking about making a huge…
When the Federal Reserve cuts interest rates even by just 0.25%, it will have a direct impact on your finances. While a quarter of a percent may sound small, even slight changes in rates can ripple through the economy affecting everything from credit card payments to mortgage rates (more on…
If you want to boost your holiday budget, a huge part of it is just cutting back your spending. Way too many people think it takes big bucks to have memorable Christmas fun. They’ll splurge on gifts, travel, food and festivities and then shrug it off by saying, “Ah, well, it’s…
Oh, the Enneagram—it’s one of my favorite things. I mean, as far as life-changing things go, for me it’s Jesus, pizza and the Enneagram. You might be wondering, What is an Enneagram? If so, I’m so excited to introduce you to it. I promise you’ll learn something about yourself! What…
If you’re thinking of stocking up on food and other items, you’re not alone. Between supply chain issues and rising food prices, no one wants to be caught off guard with nothing left in their pantry (remember the whole toilet paper situation of 2020?). It’s always a good idea to…
Setting your money aside in mutual funds and letting them grow over the long term is one of the proven ways ordinary people can become everyday millionaires and live the retirement of their dreams. Of course, you’ll want to invest in a mix of the best mutual funds—those with a history of…
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