If you’re considering filing for bankruptcy, you’re likely wondering how it will affect your credit score. The good news is that bankruptcy does not stay on your credit report forever. However, the bad news is that it will remain on your report for years, making it difficult to get approved for new lines of credit. […]
How Long Does a Bankruptcy Stay on Your Credit Report? Read More »
Declaring bankruptcy can be difficult, but it may be the best option for you. According to the U.S. Courts, the number of people filing for bankruptcy declined in 2021 due to the COVID-19 pandemic. From 544,463 recorded bankruptcy filings in 2020, it dropped to 413,616 in 2021, showing a 24% decrease. Many people were able
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A retirement plan is one of the most important financial benefits that public sector employees can receive. Retirement planning is essential to ensure you have money saved to cover living expenses during retirement. Employees who do not plan for retirement may struggle to make ends meet or even face poverty. So it’s essential to make
The ICMA RC: What Public Sector Employees Must Know Read More »
According to the U.S. Bureau of Labor Statistics, housing is the most significant expense for American families with members aged 55 and older. This portion makes up most of the total expenditures in each household, so it’s no wonder that people are always looking for ways to save on their housing costs. Especially when planning
Condo vs. Apartment: What’s the Difference? Read More »
Recent reports show that the occupancy rate for senior apartments is on the rise. According to the New York Times, 81 percent of the nation’s 31 largest senior housing markets were occupied in the first quarter of 2022. This figure is up from 78 percent in the first quarter of 2021. In a 2019 study
A Guide to Senior Apartments Read More »
Old age creates big changes. One of the significant adjustments focuses on health and wellbeing. Although not all older adults succumb to illnesses and injuries, greater attention is necessary to ensure safety. And greater attention will mean constant care. When planning for long-term care for your parents, will they need a convalescent home or a
Convalescent Home vs. Nursing Home: Which is Right for a Loved One? Read More »
Small businesses face the challenge of making a name for themselves in a large competitive field. The hurdles involved can be overwhelming, especially with only a limited budget and a small team of people to work with. Partnerships with nonprofit organizations can help you spread the word about your business while allowing you to support
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Financial pundits will often say that it is retirement should be planned as early as possible. The younger one starts, the easier it will be down the line. However, it must be taken into account that not all people have the ability to start early. Some have other priorities to attend to. There are people
Late Retirement Planning? Here’s How You Can Catch Up Read More »
Contrary to what others think, retirement is not the end of the line. There are many worthy goals you can still pursue after retiring from your job. To that end, many retirees find a couple of good reasons to start a business of their own. Depending on their financial situation, some can self-finance. Others go
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