Investing In Your 40’s: 4 Goals To Help You Prepare For What’s Next

Investing In Your 40’s: 4 Goals To Help You Prepare For What’s Next

In today’s economy, you may not have the luxury of investing in your 20’s or 30’s, so what do you do if you are at a crossroads in your life and you are in your 40’s? Here are some goals and tools you can utilize to prepare you for the journey ahead. “You may have already made a plan for the future.” “If so, now is a good time to review it and adjust course if necessary.”

Alex Benke, (May 2016). “Investing In Your 40’s: 4 Goals To Help You Prepare For What’s Next.” [Retrieved from]

How Late Payments Affect Your Credit

How Late Payments Affect Your Credit

Rebuilding you credit score after past financial mistakes can at times be challenging. If you do not have the ability to buy your first home without a mortgage, your credit score is one factor lenders use to assess character and risk. Oftentimes, when individual’s take the time to rebuild their credit, they retrieve their credit report from and begin reviewing their report for errors and discrepancies.

Andrea Cannon, (May 2016). “How Late Payments Wreck Your Credit,” [Retrieved from]

41 Ways To Earn Up To 11% On Your Money

41 Ways To Earn Up To 11% On Your Money 

When investing your money there are different ways you can maximize your savings in order to yield a return. “Traditional savings accounts and bonds aren’t the only way to go.”

“You can invest in a high-yield savings plan, real estate securities and foreign bonds.” Although investing in these sources can involve risk, blending income from different sources can help “smooth out the bumps in any given part of the market.” See Also: 6 Great Dividend Stocks To Own In Retirement

How Often Do Credit Scores Change?

How Often Do Credit Scores Change?

A credit score is the way financial institutions, lenders and lien holders asses creditworthiness, and manage risk.  FICO scores range from 300 to 850. There are about 10% of lenders who now use VantageScore, which range from 501 to 990.

It is best to monitor you credit report in order to keep your debt to income ratio low. “Be aware of the amount of debt you have compared to the amount of available credit.” “A history of paying your bills on time helps.”

You May Also Like: Ash Cash, “Understanding Your FICO.” [Retrieved from]

Should You Create A Trust Fund?

Should You Create A Trust Fund?

In previous years, establishing a trust fund was viewed as a tool for high net worth individuals looking to preserve wealth. “But in recent years, there has been new awareness.”
If you have assets and you are looking to create a legacy for your children, a trust can be a strategic part of estate planning.

“The most popular type of trust is a revocable living trust, which is a written document that appoints a trustee to manage and administer the property of the grantor.”

6 Ways To Avoid Outliving Your Retirement Nest Egg

6 Ways To Avoid Outliving Your Retirement Nest Egg

Many Americans are wondering how they can build a nest egg that will last through retirement age. “The easy answer is to save early and often.”

Set your saving target by estimating how much income you’ll need to replace in retirement (one rule of thumb is 80% of your working income). You will need to also consider your monthly expenses and any price fluctuation.

Confidence In U.S. Economy Plunges

Confidence In U.S. Economy Plunges

The U.S. economy has seen its lowest levels since 2016. “It was clear why people were anxious in August, but not so clear now.” The U.S. stock market has rebounded, hiring remains strong and homes prices are rising, yet Americans don’t see brighter days ahead. An overwhelming 60% believe the economy is getting worse.

“Some blame the U.S. presidential candidates for their negative rhetoric and making people feel worse about the economy and their futures than the reality.” Voters of both parties overwhelmingly cite the economy as their No. 1 concern in exit polls. Donald Trump doesn’t just bash the economy, he portrays it as a “loser.”