The financial journey often presents a critical decision: Should you allocate your surplus funds towards diminishing existing debts, or channel them into investments to cultivate your wealth? This choice is…
Tag: debt
Required Minimum Distributions: 5 Things to Know
Required minimum distributions (RMDs) are government forced withdrawals from your IRAs, 401(k)s, 403(b)s, or any qualified plan. They are based on your account balance and life expectancy. If you are…
Is Credit Card Debt Threatening Your Retirement?
Credit cards changed the way Americans think about debt. In 1981, the average retiree had only $2,100 in credit card debt. Today, we’ve almost quadrupled that amount, and the average…
Could a Greek Downfall Affect the US Economy?
The Facts: Greece is a small economy. As a whole, they account for 0.3% of global output. The US only exports about 0.5% of it merchandise to there. It is…