February 1, 2020
Morningstar just completed an interesting study about how “lifestyle creep” can make it tougher to reach your retirement-savings goals after you get a raise, and why it’s important to use part of that raise to save for retirement rather than adopting a higher standard of living with the extra money:
The New York Times explains the recent changes to the FICO credit-scoring formula and how it may affect people’s scores — and what people can do to improve their scores:
Michelle Singletary of the Washington Post wrote a timely column warning people about the newest generation of tax scams.
Consumer Reports analyzes when you can save money by paying cash for your health care rather than using your insurance, especially if you have a high-deductible insurance policy.
This CNBC article clearly explains how the Federal Reserve’s decision to keep interest rates steady can affect your personal finances — and what you can now do to take advantage of the low rates.
I was skeptical after reading the title of this column in MarketWatch. But the financial principles it highlights really are important to help you reach your savings goals no matter when you plan to retire.
It’s a good idea for people of all ages to review their Social Security statement every year. You’ll receive a personalized estimate of your future benefits and can review your earnings history. This USA Today article explains the information you’ll find in your statement, how to increase your benefits, and what to do if you find mistakes.
New programs in several states are making it easier for small employers to provide access to retirement-savings plans for their employees.
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