Traditionally, there was a model of retirement planning known as the "three-legged stool." In that model, people would rely on three sources of funding to cover their costs once they retired: a pension, Social Security, and their personal savings. With Social Security's trust funds emptying more quickly than previously projected and pensions largely...
Is closing a credit card bad?
If you’re thinking about canceling a credit card, it’s important to know the potential benefits and risks associated with closing a credit account. While closing a credit card can be as simple as contacting your bank and requesting that it closes the card, there are a lot of variables to consider first. You should think about if the card has an outstanding balance, if there…