How Social Security Benefits are Calculated

Calculator

For most American retirees, Social Security is a huge part of the retirement equation. In fact, a recent New York Times article notes that even retirees with a $1 million nest egg rely heavily on Social Security income during retirement. Even though Social Security is so important, most of us still don’t understand exactly how […]

Published or Updated: July 9, 2013

23 Resources for Anyone Considering Bankruptcy

Bankruptcy

Photo: StockMonkeys.com Bankruptcy is never a comfortable topic, particularly if you’re considering filing for bankruptcy. When the debts are piling up, and you can’t see a light at the end of the tunnel, bankruptcy can be a viable option. The key is to thoroughly understand the bankruptcy process, which debts you can and cannot take […]

Published or Updated: July 1, 2013

16 Types of Mortgages

Mortgage

When it comes to buying a home, you may think that your only option is a 30-year, fixed rate mortgage. But there are plenty of options out there. Here’s a basic overview of 16 types of mortgages, some common and some less so. Fixed Rate Mortgage Fixed rate mortgages are the most popular option because […]

Published or Updated: July 4, 2013

10 Low Cost Ways to Sell Your House For More

For Sale by Owner

Are you getting ready to sell your home? If you’re like most home sellers, your main concern is to get the best possible price for your home – without having to spend a fortune. Luckily, there are many simple ways to boost your home’s sale price for a small upfront investment of time or money. […]

Published or Updated: July 3, 2013

7 Reasons the Envelope Budgeting System is a Terrible Idea

Cash Budget

On its surface, envelope budgeting seems like a good idea. That is, until you try it. Believe me, I’ve tried it. And tried it. And tried it. And every time I’ve tried it, there’s some reason that envelope budgeting doesn’t work for me and my family. If you’re considering envelope budgeting because you think it’ll […]

Published or Updated: June 20, 2013

6 Things You May Not Know About Renters Insurance

Apartment for Rent

Photo: StevenM_61 According to a 2012 study by the Insurance Information Institute, 31 percent of renters had renters insurance. Many renters don’t have insurance because they don’t know what it is and why they need it, or because they think they can’t afford it. Renters insurance is just as necessary as homeowners insurance, even though […]

Published or Updated: June 21, 2013

What Are Seasoned Funds for Your Down Payment?

Money in Hand

Photo: darrenleno With companies such as SMR Research predicting a quick rise in mortgage rates over the next couple of years, many first-time homebuyers are looking to snap up a home now. If you’re one of them, you may be struggling to figure out how to gather up a down payment so that you can buy […]

Published or Updated: June 19, 2013

The Required Minimum Distribution

Key Retirement Assumptions

Photo: Tax Credits All tax-advantaged retirement accounts have rules for something known as the Required Minimum Distribution. Basically, these rules are in place to ensure that you take at least a minimal amount of money in withdrawals from your retirement accounts once you reach a certain age. For many people, the Required Minimum Distribution will […]

Published or Updated: June 18, 2013

Mutual of Omaha Bank Review

Mutual of Omaha Bank is a subsidiary of the century-old Mutual of Omaha insurance company, and, like its parent company, it’s known for its conservative values. This FDIC-insured bank offers a wide range of financial products and accounts, including a credit card, money market savings account, checking account and mortgage program. Though its values may […]

Published or Updated: March 24, 2014