Recession Potential Rising: Protect Yourself

(FinancialHealth.net) - The National Association for Business Economics found 74% of economists think we’ll be in a recession by the end of 2021. While it may be just a prediction, you should prepare for it now. The Great Recession obliterated millions of Americans' life savings and retirement accounts. The US' IRAs and 401(k)s lost nearly $2.4 trillion at the end...

Congress Eyes Slippery Social Security Slope

(FinancialHealth.net) - Social Security's rapid depletion is something lawmakers on both sides of the aisle have failed to address --- until now. The Social Security Board of Trustees has said its reserves will be insolvent in 2035 if nothing is done. Now, both Republicans and Democrats would like to pass laws in 2020 to deal with the threat to many...

Build a Retirement Investment Account With Little Cash

(FinancialHealth.net) - Saving for retirement isn’t always easy. There’s good news, though. Today’s newest technology has come to the rescue and made it a lot easier. Unlike the old days when you'd have to go to a bank or a financial adviser, now you can save right from your phone --- even if you have very little cash to...

Only One Type of Insurance Covers Your Car’s True Value…

Only One Type of Insurance Covers Your Car's True Value…
Smart Quiz: Only One Type of Insurance Covers Your Car's True Value... A) GAP Insurance B) Liability C) Comprehensive D) Collision Answer: A) GAP Insurance Did you know a new car depreciates in value as soon as you drive it off the lot? The average car immediately loses about 10 percent of its purchase price, but it could be more depending on the model and...

Job Market Appearance Could Be Deceiving

(FinancialHealth.net) - The US labor market’s growth is contributing to the longest economic expansion in history. However, some industries are struggling despite strong job growth elsewhere. By the end of 2019, unemployment was hovering at a 50-year-low and healthcare and education sectors were growing. The same couldn’t be said for transportation and retail. Manufacturing, logging, and mining also took major...

How Should Newlyweds Handle Finances?

(FinancialHealth.net) - Wedding season is right around the corner. Maybe you've just married, or maybe your ceremony is coming up quickly. One thing is certain. As life settles back into a normal routine, finances will become a focus. One question you’ll need to cover is whether you and your spouse should get joint accounts. Well, the answer to that question...

SSA Creates Whirlwind of Worry

(FinancialHealth.net) - Every year, the Social Security Administration increases recipients' pay. In 2019, the cost-of-living adjustment (COLA) went up 2.8%, the biggest increase since 2012. The 2020 increase is not nearly as generous, and some people may not see much of it at all. Earlier this month, the 1.6% COLA increase went into effect. People who receive average retirement benefits...

How Focusing on Heart Health Can Protect Your Brain

How Focusing on Heart Health Can Protect Your Brain
(FinancialNews.com) Don't Underestimate the Link Between These Two Vital Organs The human brain is supposed to change over time. For middle-aged adults and seniors, it's completely normal to experience some cognitive decline, especially when it comes to how our memory functions. Not all brain change is inevitable, however, and there are steps that can be taken to improve brain health. Reach for...

How Much Money Should I Keep in My Checking Account?

How Much Money Should I Keep in My Checking Account?
Smart Quiz: How Much Money Should I Keep in My Checking Account? a) Raises and Bonuses b) 4% of Monthly Pay c) Enough for Necessities d) Car Payment Amount Answer: C) Enough for Necessities Being financially healthy isn’t just about how much money you have, but where you have it. That means diversifying in more ways than one. Those who keep all of their money...

How to Stay Motivated When Financial Setbacks Occur

How to Stay Focused When Financial Setbacks Occur
(FinancialHealth.net) - Financial setbacks are bound to occur from time to time. You never know when a medical issue will arise, leaving you out of work for days, weeks, or even months. Other unexpected expenses can come up too, from vehicle repairs to natural disasters. Stress and anxiety often cause these setbacks to spiral our lives out of control, making...

Featured

What is the #1 cause of major asset seizures after 65

What is the #1 cause of major asset seizures after 65?

(FinancialHealth.net) Smart Quiz! What is the #1 cause of major asset seizures after 65? Answer: Medical Coverage Gaps Specifically, Medicare has so many limits and hoops to...