Stay Invested During Bull and Bear Markets to Reap Gains | Smart Change: Personal Finance

(Alexander Gutierrez) A friend texted me two weeks ago following another down week in US markets. The concern and fear of a recession has mounted, and he wanted to know how to navigate the volatility. “What should I do?” he texted. Soon we were talking about the importance of staying invested (if you own stocks … Read more

When to Refinance Your Mortgage

Refinancing your mortgage can offer many benefits under the right circumstances. You may be able to lower your interest rate, pay off your loan faster, or take cash from your home. Refinancing might not make sense if you plan to move soon or your credit score has worsened. Loading Something is loading. If you buy … Read more

Invest Smarter, Not Harder With These 3 Methods | Personal-finance

(Stefon Walters) Investing doesn’t have to be hard. In fact, it shouldn’t be hard — it should be rewarding. Luckily, there are things you can do to become a smarter investor that don’t require you to work harder. Here are three methods you can use to invest smarter, not harder. Image source: Getty Images. 1. … Read more

How Much Will Healthcare Cost in Retirement? Prepare to Be Shocked | Smart Change: Personal Finance

(Maurie Backman) It’s a big misconception that living costs drop drastically in retirement. The reality is that some of your expenses might get lower, but some might also rise. Healthcare is likely to fall into the latter category. That’s because medical issues tend to arise as we age, and also, because Medicare, which seniors commonly … Read more

How to avoid ‘rug pulls,’ the latest cryptocurrency scam | Smart Change: Personal Finance

A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug pull.” The scam, which gets its name from the expression “pulling the rug out,” involves a developer attracting investors to a new cryptocurrency project, then pulling out before the project is built, leaving investors with a worthless currency. It’s part … Read more

Is Fast Food Cheaper Than Cooking at Home? | Personal Finance

Americans spend a lot of money on food. In 2020, US consumers spent an average of 8.6% of their income on food – and nearly half of that on food outside of the home, according to the USDA. As inflation causes prices at the grocery store to rise, you might be looking for ways to … Read more

Parents can’t be only ones to teach our children about finance

Monkeybusinessimages | Istock | Getty Images Some people oppose school-based financial education because they believe teaching kids about money is the parents’ responsibility ― and frankly, it should be. But what about the kids whose parents or guardians don’t have the personal finance skills or experience to adequately instruct their children? Where can they go … Read more

Social Security: Here’s the Income You Need to Earn the Max Benefit | Smart Change: Personal Finance

(Katie Brockman) There are many factors that go into calculating your Social Security benefit amount, but your income throughout your career is perhaps the most important. Your earnings will determine your basic benefit amount, or the amount you’ll receive if you file for Social Security at your full retirement age (FRA). The more you earn, … Read more

Is It Really Safe to Invest Right Now? | Smart Change: Personal Finance

(Katie Brockman) As stock prices tumble, it can be a nerve-wracking time to be an investor. Tea S&P500 has fallen by nearly 16% since the beginning of the year, inching its way toward bear market territory. Some experts believe the market will fall even further before it begins to recover, and watching your investments drop … Read more