Millions of people lost their jobs in 2020 and discovered how difficult it was to find new work when entire industries were affected by COVID-19. Some emergency relief helped people stay afloat for a few months, but many of those bill-paying extensions and hardship programs have ended. If you lose...
In 2020, Fidelity reported that the majority of people who were making financial resolutions for the new year wanted to achieve a debt-free life. While fortunes have shifted during the coronavirus pandemic, it is still a very worthy goal…
One constant theme of the financial world in recent years has been declining fees: Lower expenses for mutual funds and ETFs, zero-commission trading.
But when it comes to fees for financial advisors? Not so much.
That’s the conclusion of the 2020 Kitces Research Financial…
Passive income can be a great way to help you generate extra cash flow, and the economic upheaval largely caused by the COVID-19 crisis is a testament to the value of having multiple streams of income. With the pandemic throwing the job situation of many Americans into disarray, passive income helps you bridge the gap if you suddenly become unemployed…
Paying taxes is painful enough. Why fork over even more of your hard-earned money to pay someone to prepare your tax return?
You probably don’t need to if your tax situation is straightforward. You can prepare your return on your own or with the help of tax software. But for...
Meeting your financial goals doesn’t happen without effort — and a big part of that effort includes deciding on and implementing an effective budget. Anyone who has wondered, “How can I save $10,000 in a year?” or “How can I make sure I have enough money left over each month for my bills?”...
The term “fiscally responsible” is usually associated with government and politics. Politicians and government officials use the word when discussing the national budget and how they are using taxpayer dollars. However, the term applies to more than just government, the act of being a fiscally responsible person is important in your personal finances...