Capital One, one the nations largest credit card issuers announced last week that it will be reducing credit limits to “some” of it’s cardholders. This decision is in response to the current COVID-19 pandemic and it’s negative impact on unemployment rates and benefits. The additional $600 per week unemployment benefit expiring soon was also a…
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Understanding employer retirement benefit options such as 401k’s and their public employee counterpart 403b’s/457’s is an extremely important aspect to consider. Unfortunately, too many employees do not to take full advantage of these benefits. The challenges might range from lack of information and education about the investment options to truly grasping the long-term benefits of
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This question has come up quite often during the past few months due to the Covid-19 pandemic. With many companies forced to shut down or even worse go out of business, many folks have been left scrambling. There are some short-term and long-term consequences when considering what one should do with a former employer’s 401k.
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An often missing but much needed component of high school curriculum’s is personal finance. Combine that with similar lack of guidance at the college and university levels, it’s easy to see how young adults can become overwhelmed early on in their adult lives. Learning some basic financial concepts can go a long way in avoiding
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The four quadrants of income broken down in simple terms is where one can expect to legally earn income. The four quadrants are Employee, Self-Employed, Business Owner and Investor. Understanding where you fall in the four quadrants is pivotal if your ever have the desire of becoming Financial Independent. Additionally, grasping the concepts that you
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The current COVID-19 pandemic has led many people to consider the necessity for Life Insurance. What may have seemed as an after thought just a few months ago, suddenly is of greater importance. No one knows exactly when a tragedy might strike, so being prepared is only method to somewhat ease the mind in these
Can I get Life Insurance during the current Pandemic? Read More »
Due to the Coronavirus, the market has been significantly volatile over the past few months, After the initial mini-crash in mid-March, the market has rebounded amidst very uncertain times. Depending on which expert you listen to, things are going to be great or there is another recession on the horizon. The facts of the matter
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The statistics for the typical American household weren’t to optimistic prior to the COVID-19 Pandemic. Before March 2020, 8 out of 10 American households where living paycheck to paycheck. Many new young couples fresh out of college are buried under thousands of dollars in student loan debt. Tack on the fact that the average credit
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