Debt

Is My Social Security Safe From Debt Collectors?

If that question has been on your mind, we've got good and bad news....

Gen Z Names Savings, Not Debt Management, as Top Financial Goal

Yet, HR leaders and managers say reducing debt is the youngest working demographic's main goal...

The Politics of Student Debt Forgiveness

Answering reader questions about whether you should pay off your mortgage, if nursing home insurance is a good idea, and when to let your disability policy lapse. Plus, we talk about the state of gove...

How the 2024 Election Could Impact Elder Student Loan Debt

New research predicts Dems would continue to support student loan debt reforms aimed at…...

?? Find Out Why Retirees are Carrying More Debt (AARP Article)

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Why Retirees Are Carrying More and More Debt. Federal Reserve data shows sharp rise in amount Americans 65 and older owe. By Martha C. White, AARP. Published...

Obtaining credit in retirement

I'm pulling the trigger in 3 months. I am currently completely debt free, so I have no real interest in my credit score or any access to credit other than my money back card that I use for everything....

Should You Treat Your 401(k) Like a Bank?

A recent article in the Wall Street Journal says it’s time to consider borrowing money from your 401(k). These loans have become more popular as more Americans get deeper into debt at high inter...

Your Money: A Boot Camp for 20-Somethings

Advice, explainers and exercises on taking advantage of job benefits, creating a budget, paying off debt and thinking about your future....

Big purchases (car) prior to retirement

I’m about 24 months out from ‘retirement’ (e.g, working for someone else). I have a decent salary, kids are independent, and no debt other than a mortgage. When I retire, downsizing ...

Just started 5th year retirement. Here's what it's been like.

So far it's been great. Work was never my life so I don't miss it. I didn't have friends so I don't miss them. My wife is the only person I talk to on a regular basis. No debt, modest home paid for, L...

I am now within a 1 year window of retirement but still debating

If I should pull the trigger. I’ve been with same company for almost 35 years. I have planned to retire at 59.5 for a while now. We will be debt free, and financially be fine. But, I hate leavin...

Nomad in retirement question / advice

I’m 68, single and have a healthy retirement portfolio with no debt and live in an apartment. I plan to quit working in December. I have one daughter, son-in-law and grandson in Colorado, anothe...

Retirement and Debt - Need Advice

My husband is 64, our sole income. No plans to retire until he’s 70. I’m 57. We aren’t good with money so I’m not sure what the best plan is. We have 206k vested in a 401k. Abo...

Till Debt Do Us Part: Resolving Financial Tension – Part II

In this episode we continue exploring our list of topics that can create financial tension between couples and strategies to help resolve conflicts and tension. Glenn is available for in person and Zo...

Till Debt Do Us Part: Resolving Financial Tension - Part I

It's no secret that when there's financial tension between couples, it can hurt the relationship. In this two part series, we explore 10 topics that can create financial tension between couples and st...

Pay Off Debt or Invest Proceeds From Rental Property?

I have sold rental property and have about $350G from the sale. I am 61 and plan to retire at the end of this year. My wife is 63. We have about 1Mil in investments, mostly stock and bonds. I would ap...

What Happens if the US Defaults on its Debt?

On January 19, 2023, the U.S. federal government hit its $31.38 trillion debt ceiling and has since been unable to borrow more money. To get by, the U.S. Treasury has resorted to "extraordinary measur...

How To Consolidate Debt, The Smart Way

Debt consolidation can save you money by paying off debt sooner — if you avoid certain mistakes. Key Ideas Debt consolidation can be a powerful tool to get out of debt faster. Even if you're fin...

Student Debt Plan Helps Black Retirees

For the sliver of retirees who are far behind in paying their own or their children’s student loans, Social Security can withhold part of their benefits to pay the loans back. But college has go...

Who Holds the Student Loan Debt?

Last week, President Biden announced a policy that would forgive $10,000 in student loan debt for those individuals earning less than $125,000 per year with an additional $10,000 in forgiveness for lo...

The Yield Curve Just Inverted…Now What?

Last week the yield curve inverted for the first time since August 2019. For the uninitiated, a yield curve inversion occurs when the interest rate paid on short-term debt exceeds the interest rate pa...