How Credit and Payment Security Impacts Your Financial Planning

If you want to achieve financial security, you need to keep your financial information secure when using your credit cards.

Many people planning for retirement think about how to save for their later days, but don’t pause to consider how to protect those savings. Yet fraud is on the rise, with millions of credit card numbers stolen from JCPenney, 7-Eleven, JetBlue, Target, Michaels, Neiman Marcus and many more.

If you want to ensure your money is still around when you’re ready to invest or pay retirement expenses, it’s important to know how to keep your data safe. The EMV standard helps you do that. Read more

Understanding Your Options for College Loans

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There’s no question that college is expensive. Though parents may wish to help their children by footing the bill for tuition, it’s not always feasible to save enough to cover everything – especially if you have multiple children.

Instead, many students and parents turn to loans to help make up the difference. But throughout the course of a college career, that can really add up.

According to a survey by Lendedu.com, the average amount owed by college graduates is about $30,000. All in all, outstanding student loan debt in the United States totals about $1.2 trillion. Read more

Helping Your Kids Become Financially Savvy Throughout Their Lives

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Your family plays a big role in your financial security.

We worry that our parents might outlive their retirement savings and need additional help from us. We’re comforted by the thought that family members will likely be willing to help us out if we get into money trouble. We strive to help our children financially, both now and through an inheritance later.

Our familial bonds can be both an asset and a liability, but by raising financially savvy children and helping them make sound financial decisions as young adults, you can help keep them from becoming a drain on your savings. Read more

Understanding Required Minimum Distribution Rules

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If you have a retirement account such as an IRA or 401k, chances are once you reach 70 1/2 years old, you will be required to take minimum yearly distributions. How much these distributions are, when you have to take them, and whether you meet this requirement depends on several factors. Read more

Which of these 3 College Savings Plans is Right for You?

As college costs continue to rise, saving for college is more important than ever. Without college savings, many students end up taking a significant amount of loans to complete their education, which often results in a large amount of interest as well as a higher risk of default. To get your student’s college savings on the right path, you will first have to identify which college savings plan will work best for you and your student.

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