FOX – WOFL Recession will haunt Gen-X into retirement You may think that Worrying about retirement is a Baby Boomer problem, but not anymore. A new study from Pew Research has some startling predictions, one being that Gen-Xers may never be able to retire. Who is Generation X? According to Wikipedia, the Gen X […]
Fears of College Loan Debt
FOX – WOFL There is bad news for college students as student loan rates doubled this week! The interest rates on federally subsidized Stafford student loans rose from 3.4% to 6.8% on Monday, July 1st, 2013. Since many strive to better themselves by enrolling in college or by continuing to expanding their current college […]
Healthcare in Retirement
FOX – WOFL If you think health care is costing you big now, just wait until retirement! A new Mayo Clinic study found the vast majority of Americans don’t realize how expensive it will be. So let’s start with perception. What do people think they’ll spend on health care when they retire? For many […]
Grey Charges
FOX – WOFL There’s a new concern for consumers- one that could be costing them hundreds of dollars each year. They are called “grey charges”- and one in four people are paying them right now- most likely without knowing it! 5 Types of Grey Charges: Unknown Subscriptions: We’ve probably all seen this when making […]
College Tuition Money Mistakes
FOX – WOFL The cost of college tuition is rising at an alarming rate. Financial-aid budgets are getting slashed. Student loan debt is at all time high. It isn’t just people in their 20s dealing with fallout from tuition costs; it’s also hitting retirees in the pocketbook. A study from the Federal Reserve Bank of […]
Spring Cleaning Your Finances
FOX – WOFL What needs to be shredded? Destroy all sensitive information, junk mail, and paperwork that includes: Account numbers Birth dates Passwords and PINs Signatures Social Security numbers To protect your privacy, also consider shredding items that include: Names Addresses Phone numbers Email addresses Examples of Documents that need to be shredded Address labels […]
Fate of Retirement
FOX – WOFL Click here to see if you are saving enough for retirement – Retirement Savings Calculator The American workforce is going gray! A report out this month by the Conference Board found a startling number of people are ripping up their retirement plans. What is driving this trend & what we can do to avoid […]