When you’ve reached the limit on your credit card, you’ve maxed it out. This can have significant long-term consequences on your credit score and overall financial well-being. In this article, we discuss how maxed-out credit cards affect your overall credit health as...
Rob Yeend
Americans Can Use These Financial Tools to Help Minimize Their Tax Burden
There are several financial tools available to taxpayers that can significantly cut down their tax liabilities. Below we explore examples of tax-efficient financial strategies that could optimize your tax planning and impact your tax savings. Retirement Savings...
Why Health Savings Accounts Are Becoming Valuable Retirement Tools
Traditional accounts such as 401(k)s and IRAs have long been favored when it comes to retirement planning. However, there is a growing recognition that Health Savings Accounts (HSAs) can play an important role in achieving a secure retirement. Below we explore the...
How Does the Recent Upheaval in the Banking Sector Affect Those with Loans and Credit Card Debt?
After the collapse of the Silicon Valley Bank, the Federal Reserve warned that the recent upheaval in the banking sector will likely lead to tighter credit conditions for individuals and businesses. Below we’ll go over some the effects the current state of the banking...
Social Security Reform: What Changes to the Program Are Being Proposed?
The Social Security program has been successful in reducing poverty and promoting economic security for millions of Americans – those who are retired and disabled as well as surviving spouses and children of deceased beneficiaries. However, the program’s long-term...
Inflation is Affecting Taxes: Here are the Tax Adjustments Made by the IRS for 2023
In response to high inflation rates, the IRS made some of the biggest adjustments in history for tax year 2023. These changes affect individual tax brackets as well as some key tax deductions and credits for the taxes you will file in 2024. We go over the most...
From Loans to Debts: How Rising Interest Rates Affect Your Personal Finances
Interest rates impact nearly every corner of the economy, from the housing market to consumer spending. When interest rates rise, the effects are widespread, impacting personal finances as well. Below we’ll explore how rising interest rates might affect your personal...