Credit & Debt

Have a Good Credit Score? Here’s How You Can Make that Work for You!

Written by adminSeptember 11, 2019

You’ve been working really hard for many years to improve your credit score. After all, the reward of doing so makes life so much easier. People with bad credit often pay a lot more for the things they purchase. That’s because debtors take a risk by loaning to people with bad credit, so they overcompensate by hitting them with high interest and even higher monthly payments.

Over the life of a loan, a person with bad credit can pay thousands more than someone with good credit. That means if you’ve been working hard and shelling out a lot of money, and finally got your score into the 800s, there are a lot of things you can do to make your life easier. It’s time to finally take advantage of having great credit!

1) Lower Your Interest Rates

If you started out in the 600s or lower, you might’ve been paying through the nose. But now that you have great credit and you’ve proven yourself over many years of on-time payments, it’s time to seek you reward. Contact all of your credit card providers and anyone you have a loan with. Refinance your car. Lower the interest on your mortgage. All of these are possible! Not only will you be paying less interest, you can renegotiate to lower the monthly payments as well, saving you tons of money each month.

2) Get a Better Credit Card

Something people with bad credit have to do is settle for credit cards that aren’t too favorable for them. As stated above, they most likely jacked up the interest, which means you’re paying through the nose. But as you graduate to having great credit, you now qualify for all the amazing rewards and perks you hear about in commercials. The cash back, points towards trips, and all the other things they promise. And, again, lower interest! Higher limits.

3) Check Out Your Auto Insurance Rates

For some messed up reason, a lot of auto insurers tie the auto rate you pay to your credit score. The lower the credit score, the more you’re paying for auto insurance. It’s worth making a phone call to your insurer now that you have excellent credit to see if you can get your auto rate lowered to something easier to handle.

4) Upgrade the Vehicle

Another area where you can rake in the benefits is upgrading your vehicle. With bad credit, you had high interest and monthly payments. It’s a far cry from all the perks they talk about in the commercials. They might offer lower payments and all kinds of upgrades, but those only go towards those with perfect credit. Now that you do, you can upgrade and get a low monthly rate along with 0% interest!

Written by adminAugust 13, 2019

Credit & Debt

Americans have a personal debt problem. Together we owe more than $13 trillion to our creditors. This is according to data collected by the Federal Reserve Bank of New York. It’s so bad that millions of Americans are struggling to figure out how to get out of their debt. Once they get into it, it seems like a revolving cycle of bad news and collection calls that never seem to stop. It’s really putting a burden on most of us.

Every single state in the country is incredibly stressed out about their debt. It touches most lives as we need to take out a certain amount of debt to do much of anything. You want to buy a house, a car, go to college, or many other things, we need to take out a loan. Most of us cannot afford these things on our own.

If you’re really struggling under a mountain of debt, it’s going to take a lot of work to get to the point where you’re financially free. Let’s take a look at five different ways to which you can help get yourself out of debt.

1) Write It All Down

You may be shocked to learn that most Americans would that do not know the total amount that they owe. You would think that this would be the first step for a lot of people. Yet, they just keep taking out more and more debt without really understanding how it works. They don’t even care about the impact that taking out all this additional debt or the havoc is causing in their lives. This is why you should go through all of your accounts and write down every single cent so that you can lay it out before you and look at what you all. This is the first step in taking care of the problem.

2) Pay Off the Smaller Debts First

If you’re able to do it, pay off your smaller debts first. Paying off some your smaller debts will increase your credit score and show a record of your ability to pay off your debt. Once you have some of the smaller debts out from underneath you, you can then put more money towards the bigger debts to get those paid off quicker.

3) Consider Your Spending Habits

One area that is necessary for you to look at is how you got into debt in the first place. Learn from your mistakes and grow out of them. If you just keep on taking more and more debt without learning how you got in debt in the first place, is not going to bode well for you. You need to stop the hemorrhaging of money. The more debt you take out, the worse your credit score gets and the more interest that you have to pay on that debt. Find out how you got there and stop it. You and your family’s livelihoods depend on it.

4) Don’t Take Out New Debt to Pay for Old Debt

Once one account gets so large that you can’t pay it back, some people will take out more debt to pay it off. But then are stuck with an even larger debt and paying off even higher interest fees. If you can’t pay off this first step, how are you going to pay off the second that? The goal is to get rid of debt, not take on more debt.

5) Declare Bankruptcy

Declaring bankruptcy should be a final solution. If there’s no other alternatives for you, then this might help you get rid of your debt and get a fresh start. You will have to restart building your credit all over again and it can take several years. If you have student loan debt, you cannot simply wipe away with bankruptcy so there are certain debts that you will have to continue to pay no matter what.

Written by adminAugust 7, 2019

Credit & Debt

Debt is one of those things where we have to seriously consider whether it can positively or negatively influence our life. Yes, that can have its good moments. You need to have debt in order to build your credit. There has to be a period of time in which you can prove that you’ll regularly make on-time payments toward debt.

Were debt gets people and the problems is that they often struggle and paying it back. They want to buy something even though they can afford it. So, they use their credit and at times it can be difficult, especially when they add on tons of interest and the monthly payments are higher than anticipated.

A lot of people do not know how to manage their debt the right way. They continue piling debt until they eventually maxed out. This is a dangerous situation that can dramatically set you back in the future. You may have a need to take out a loan, but if you have so much debt or history of not being able to pay it back, you will lose out

Let’s look at 3 debt traps you should avoid:

1) Credit Card Rewards

Credit card companies often offer a lot of rewards in order to entice people to get one. Again, using a credit card the right way can be good towards improving your credit. If you go with a credit card that offers tons of rewards, it will be a long time before you see those rewards. We’re talking spending thousands of dollars before you see a single reward. Even then, they’re not good rewards that they advertise for.

Before you know it, you racked up hundreds and interest payments and that, going broke just to get a ‘free’ airline ticket your trip that you would have paid for five times over if you didn’t get that credit card. If you need a credit card, and you want to build your credit, do it the smart way. Make small payments and pay it off each month.

2) Getting a Brand-New Car

This is one of the biggest debt traps out there today. Having a brand-new car is a status symbol to the world. You may have been eyeing that luxury car for many years, but many people don’t understand exactly how expensive that is. Not only are you expected to pay full-time coverage for insurance, you’ll also be taking a loan out for many tens of thousands of dollars which carries with it many thousands of dollars of additional interest. Owning a brand-new car is a burden that you must be ready for. Wait until you’re financially secure and have no other debts. In the meantime, there’s nothing wrong with getting something used.

3) Clothing

Just like the brand-new car, the close that we swear is indicated of our status. People love to wear expensive clothing to impress. The problem with this is, you could easily spend hundreds to thousands of dollars on designer clothing. People who buy these types of clothing also are not content after they buy something expensive. They wear it once or twice and in the ready to buy something else. If you look at a lot of the current billionaires, their wearing flip-flops and hoodies, not thousand dollars suits.

Written by adminJuly 18, 2019

Credit & Debt

If you were to poll everyone in any given room on whether they want to rich or not, it would most likely poll at 100%. We want to have wealth, but mostly it’s the things that wealth gives us: financial freedom. You see, having financial freedom means we don’t have to worry as much. We can relax a bit.

Right now, there are so many people working themselves to near death just to live paycheck-to-paycheck. It’s an uncomfortable feeling, not sure how any disruption in the system tomorrow could set you back financially. Could another recession force you out into the streets? What about all your debt?

You don’t have to be rich to have financial freedom. Here are ten things you can do today to help you reach that point sooner!

1) Determine where you’re at right now.

The simple fact is, you can’t figure out how to get to where you want to be if you don’t know where you’re currently at. Sit down at the table (with your spouse, if applicable) and go over everything. What are you worth? Are you in debt? Are you paying off your mortgage? How long until the car is paid off?

Go through your assets, subtract liabilities, and find out your overall net worth. It can be difficult to see any issues with your budget when you’re not proactive about seeing it all listed together. If you see you’re spending more than you’re bringing in and relying on credit to get by, then you have some important decisions to make.

But you won’t get there until you figure out this step first.

2) Exchange credit for debit

Unless you’re working on building better credit, your credit cards are only holding you back. We get into the cycle of buying everything on credit and paying MORE for it later with interest and fees. Is the convenience really worth spending more in the long run? Try to spend only what you can afford right now, rather than borrowing.

3) Give yourself an allowance.

Even though step #2 says to use your debit card rather than your credit card, you can take things a step forward by using cash more often than cards. Determine what you need ahead of time for regular expenses, pull out the cash, and put the rest into savings. It’s easier to spend, spend, spend when you have a card, but can’t track what you have left like you do with cash.

4) Cut spending!

I’m sure you knew this was coming, but it’s true! Right now, in this modern technological age, we spend a lot of money on gadgets and plans. They are all convenient, but do you really need them? Can you survive on Netflix and Hulu while cutting the cord? That’s potentially $100 per month savings right there.

Look at your phone bill. Do you need unlimited everything, or can you survive perfectly fine with a cheaper plan? Can you plan to eat in more often and save more throughout the year? These are all conscience decisions you can make to drastically improve your bottom line. The only way to lose weight is to eat less. The same lesson applies here.

5) Plan your goals.

You probably have the same big goals I do. It’s one thing to have a dream in the back of your mind, and another to actually sit down and do the math. You can’t hope your goals into existence. No, you must plan for it and scrape together everything you can. It will be a journey getting from Point A to Point B, but it should be an enjoyable one.

Where do you see yourself next year? In 5 years? In 10? Think of all your short-term AND long-term goals and write them down.

6) Strategize your plan of attack.

The great thing about writing down your expenses and figuring out what to cut is you can actually see your plan coming into fruition. If you know you can cut “X” amount of dollars from your budget and stick that into a savings account, you’ll have an approximate idea on where those savings will take you.

You may not save a ton, and that’s perfectly fine! It’s always good to have a bit of extra saved in the bank, which brings us to the next point:

7) Have an emergency fund.

It was said recently that most people don’t even have access to $400 if they needed it for an emergency. That’s a sad statistic! We’re so busy living above our means and charging everything to credit (and paying more for it later) that we don’t actually think about our safety. It’s a good idea to have at least $1,000 in savings for an emergency.

8) Check your taxes.

I know in the previous points, where I say you should look at cutting your spending habits, you didn’t think I was going to suggest hiring a tax accountant, but it might very well be worth it in the long run! Let’s face it, most of us are clueless and do our best to file as accurately as possible. Because we’re not experts, so we could be missing out on huge deductions we had no idea were possible!

9) Start paying off small debts.

Think of debt as the amount of weight you need to lose. You might step on the scale and see a large number, causing you to panic. How can you possibly lose all this weight?! The answer is simple, one pound at a time. The problem is, we think about ALL the weight we need to lose rather than the short-term progress and results we’ll experience.

Start cutting into your smaller debts and get those out of the way first. It will build your confidence and allow you to see yourself slowly gaining control of your finances. It’s a cool feeling to free yourself out from under its worrisome burden!

10) Keep your plan with you at all times.

Once you get all your numbers organized, write up your goals, and make a plan of action, turn your notes into canon. Officially recognize your plan as a way to move forward and stick with it. It will be difficult. There will be unforeseen events that pop up. Do not fret! The plan is solid and it will get you through!

Written by adminJuly 2, 2019

Credit & Debt , Saving

Hey, there’s no shame in admitting that we love our pets. Like, we really love them. They’re a furry part of our family that we’ll always cherish. We love our pets so much that collectively, Americans spend around $70 billion every year to take care of them. This information is according to the American Pet Products Association. That’s a lot of love!

“Today more than ever, pet owners view their pets as irreplaceable members of their families and lives,” says APPA president and CEO Bob Vetere, “and it’s thanks to this that we continue to see such incredible growth within the pet care community.”

When it comes to food alone, we spend nearly $30 billion each year. It’s certainly the most expensive aspect of taking care of a pet. We need to feed them as often as we feed our own kids. If you’re going through a frustrating time financially, having enough money to feed your pets can be a challenge. Here are five ways to save money while buying pet food.

Way #1: Don’t Buy Brand Names

This is an easy step. We do the same thing when we’re struggling a bit financially. Why spending the extra several dollars for a name brand when the off brand is practically the same product? I mean, we know it’s a little less quality, but the price is often in our sweet spot. It’s the easiest way to still get the food we need while saving a few dollars.

At the end of the day, feeding your pets should be about nutrition. The premium brands aren’t more nutritious than the cheaper stuff on the market. They just have known brand names and can afford to stick their product on the shelf and command higher dollar for it. So, don’t be afraid to skimp and buy a cheaper brand of food.

Way #2: Look for Great Deals

It’s likely that the local pet stores around you have deals to get customers in the door. Maybe they have email lists and regularly send coupons. They might even have a customer membership club to join. If you have pets, it definitely makes sense to take advantage of these programs. They can ultimately save you a bundle of cash in the long run.

Way #3: Buy Food in Bulk

Another way to buy food is to get it in bulk. It works in human stores as well. Many people save a lot of money buy buying what they need and use often in bulk. You can do the same with pet food. Don’t always good for the smaller bags, even though they’re often cheaper than the larger ones. Usually the larger bags will give you the better deal. You can even use your Amazon Prime membership to get bulk pet food sent right to your door!

Way #4: Feed Your Pet Adequately

A lot of pet owners don’t pay attention to serving sizes when they feed their pets. They just fill up the bowl whenever they see it empty or when the pet begs for food. That can mean they’re being overfed, which costs more money. If money is tight and you see your pet might be gaining some weight, put them on a diet. Ration their food out appropriate for their size, age, and breed.

Way #5: Make them Treats

If you enjoy cooking and providing for your family, you can do the same for your pet. They love to eat whatever they can, so why not make them daily treats? It can save you money to buy the ingredients and make them yourselves. There are plenty of Pinterest recipes you can use. Just make sure it’s both tasty and nutritious for your pet!

Written by adminJuly 2, 2019

Business , Credit & Debt

It’s not very often that a business can come back from the dead and is resurrected from the ashes. Toys “R” Us might be the very business that does that. This company is taking a beating over the past decade as Amazon and Walmart have fired up their online sales taken a massive chunk out of their profits.

Any of the current major retail businesses that have gone under did not learn to adjust their business model. They just fell behind the massive change that was taking place within the world of retail. Customers were seeking something that was more convenient. Toys “R” Us decided not to change your model and hurt them in the end.

But consider this redemption story. Toys “R” Us is learned from its mistakes and now wants to return into the fold. They very much have a new plan for tackling new sales and bringing an all-new audience at the perfect time for the 2019 Christmas season. Toys “R” Us is looking to revamp the entire image offering the same convenience you’ll find at other thriving stores.

Toys “R” Us Plans and New Model

Before, Toys “R” Us was just a huge box store. They really offered nothing to invite families with kids through their doors. The place really was just way too big and offered very little convenience. This is what appears to be changing their new stores. The only plan to be about a third of the size of the old ones, at about only 10,000 square feet.

Cutting down on size will allow for them to save money and offer the toys that parents are most likely to buy. They also want to up the Toys “R” Us experience. They want to include play areas and other experiences for children selection you want to come to a Toys “R” Us store and be able to have fun while parents shop.

They even want to change their sales model into more of a consignment form. If you want to sell your toys through Toys “R” Us, you won’t get paid until customers buy your products. This is a new approach against the old outdated model that cost the company a lot of money. It all boils down to the new owners and their plan to get Toys “R” Us back on track.

New Owners

Tru Kids, Inc is the company that took over Toys “R” Us earlier in the year. They believe that the company still could make a comeback if it was just revamped and the model changed. The new executive of the company and CEO of Tru Kids is Richard Barry, who spent the past few months pitching his new ideas to toy manufacturers in conferences.

Even plan on putting out a brand-new website that has a lot of the same features as you would find with Amazon or Walmart. In the new modern technological age, you must provide new experiences, especially when children are involved. Whether these new techniques will be hit is unknown until the 2019 holiday season.

Written by adminJuly 2, 2019

Credit & Debt

It may not be fully understood what causes the recession, but usually high levels of consumer debt play a major role. If we take on a lot of debt, we do so because the economy allows us to. Either things are going really great, as they appear to be doing so currently record levels of low unemployment, or things are going well and people need to take on debt to get through it.

Right now, maybe both of these situations are in play. Consider that were just now coming out of the recession that hit back in 2008. It took us nearly an entire decade to get back on our feet. During that time, people had no choice but to take out debt in order to survive. They went back to school, took up credit cards, and got behind on their bills and had to use loans to pay for them.

And while these situations are in flux, the total US consumer debt has surpassed $14 trillion early in 2019. This is higher than the $13 trillion limit back in 2008. That much household debt helped send the global economy into a tailspin. We’re talking about auto loan debt, credit card debt, student loan debt, and mortgage debt, with many Americans balancing all four.

All of this data is according to Marquette Associates Senior research analyst Ben Mohr. In 2008 it was the housing market that really pushed economy into a major recession. This time, if such a thing happens, it will be because of student loan debt which is sitting a notable increase among economists and strategists.

Rising Consumer Debt

Right now, we may begin to see larger amounts of consumer debt. Read time in the stock market is at or near record highs. Housing market is doing really well, the Federal Reserve is looking at reducing interest rates, and the job market is better than it’s ever been before. When things are good like this, it starts to get some economists worried about the spending habits of Americans which can throw this entire system into a lurch.

Eventually the debt becomes too much for Americans to handle. The bubble pops. Interest rates start rising and the cost of living starts to push beyond what most Americans can handle. But were not there yet, as the Marquette analyst says defaulting on this debt is still quite low, meaning Americans and investors alike aren’t being overwhelmed.

In fact, consumer delinquency on loans are very near historic lows. Back in 2008, the increase in loan delinquencies revealed that there was a major problem in crack was beginning to form under the weight of so much consumer debt. That’s not happening today, so not too many people are worried that we’re in the midst of a new recession, but it won’t take too much, especially as the weight of debt gets heavier and cracks begin to form.

Were even finding that Americans who default on their first mortgage loans are much lower than before the 2008 recession. Were currently living in a time with historically low interest rates, increased job numbers, and steadily increasing salaries. Hopefully we can continue down this path of American prosperity.

Written by adminJuly 2, 2019

Credit & Debt , Student Loan Consolidation

Less and less Americans are becoming financially savvy. Most of the reports we’ve covered here at Financial Helpers talk about most people being big spenders, taking out loans and debt they can’t afford, and refusing to save any type of money. As a result, it’s taking a massive toll on us financially. We’re in more debt today than we’ve ever been in before.

A lot of us were never taught about the benefits of being financially responsible. As soon as we had the chance to do so, we probably ruined our credit or got caught up with a lot of debt. But for the high school and college students with no credit history at all, you get an amazing chance of starting out just right.

The easiest point to start out is the beginning, but it will take some time. A large portion of your credit score is determined by several years’ worth of on time payments. You have to be diligent and on your game. Over time, you’ll see your numbers climb higher. It’s super important to have a good credit score for many reasons.

For one, some employers look at credit scores. Showing good decision-making skills with your money and finances is important to a lot of future employers. It can also save you a ton of money down the road by cutting down the amount of interest you’ll have to pay. And when it’s time to buy a home or a car, the better score will bring down your monthly payments.

Here are a few other things you can do to build your credit score from scratch:

1) Don’t Apply Blindly for Credit Cards

When trying to get credit cards for building credit, a lot of people make the mistake of just applying for anything they can get. This is a wrong move to make. Every application you fill out that requires a credit check hits your credit as an inquiry. 10% of your credit score is determined simply by how often you apply for credit.

The thing is, you might be declined for these cards because they are above your level. Don’t go for the extremely popular American Express and Discover cards. You must have good credit and a steady income to find your way towards those. Instead, find starter credit cards. They will give you less credit to play around with and may even require a deposit to get started.

Rather than getting an inquiry hit and risking being declined, go for the smaller cards and those you have a better chance at being approved for. Yes, these cards will probably suck and have horrible interest rates, but as long as you know how to use a credit card, that won’t matter. Let’s look at what that means in the next point.

2) Don’t Go Crazy with Credit Cards

The best way to build your credit isn’t to go crazy and max out your cards every month. In that case, you risk something happening and defaulting on your payments. If you can’t make 100% on-time payments, it’s going to work against you by hurting your credit. Instead, use your credit cards sparingly. Use what you can pay off each month and you’ll avoid having to waste any money on accumulated interest and still get a 100% on-time payment reputation.

3) Learn What All the Terminology Means

When dealing with credit, there are a lot of things you need to know. What’s your interest rate and how is that calculated? What’s APR? Do you know what annual fees and minimum payments mean? There’s a lot of stuff that can really swamp you if you’re not prepared and knowledge about how the whole system works.

Written by adminJuly 2, 2019

Credit & Debt , Student Loan Consolidation

Your credit score can impact a lot more than you realize it does. We’re talking about its ability to keep you from making major life decisions, taking care of yourself during an emergency, or even the ability to save money. Low credit scores can also be blamed for causing issues in relationships and putting a person in turnoff territory.

Low credit scores can cause higher interest rates, expensive insurance, and so much more. Sometimes, a bad score isn’t the person’s fault. Perhaps they had a medical emergency and are now trying to pay back a lot of debt. A divorce and big spending by a spouse can lead to it as well. Either way, low credit scores make life difficult.

The new middle class is essentially a person who is making a decent amount, but are unable to save. A lot of them don’t have health insurance, which costs them big time in the end. There’s new information coming by Elevate, a company that looks at data from non prime Americans. To be considered non prime, you must have a credit score below 700.

Those with a low credit score are finding out they have a harder time financially than those with a good credit score. This might seem obvious, but it happens in ways you might not expect. Their incomes are less steady. They’re paying a lot more for things that someone with good credit is paying less for.

Credit Scores and Dating

42% of people who were surveyed said the person’s credit score played some role in their interest in another person. This is an interesting statistic found by Bankrate and Princeton Survey Research Associates International. A good credit score says someone is responsible with their finances and money issues cause problems in relationships.

Women are rightfully more judgmental about credit scores than men. The survey looked at 1,000 adults and found about half of the women said they wouldn’t date someone with a bad credit score. Men care less about it, with only 35% saying the same. Older millennials are the group that seems to care the most about the subject.

There are very good reasons for this. Low credit scores can make it nearly impossible to buy a house, get an auto loan, get any type of loan if one is needed, and so much more. Even if they’re able to find that one company out there willing to give them, let’s say, a mortgage, they’d pay nearly $50,000 more than people with good credit.

This is ultimately what makes life more difficult for people with a lower credit score. They’re shelling out a lot more money and it’s catching up to them. They make higher monthly payments and can’t seem to get ahead in their finances. This is why it’s essential to focus on improving your credit score and saving money any way you can.

Written by adminJune 25, 2019

Credit & Debt , Credit & Debt Settlement , Saving

The big mistake is that we’re using misleading language when it comes to retirement.

New employees will be familiar with this: older colleagues incessantly bombarding you with advice to start saving for retirement as early as possible. Personal finance books go on about why it’s essential to save for retirement. Surveys are done and studies get published about how much you should be putting away for your golden years.

Sure, it only seems logical. You’re putting aside money for the future and letting it grow over the years, which is the definition of saving. But the very word ‘save’ has a double meaning. What you’re doing is putting money into an investment portfolio for retirement.

It’s important to acknowledge that you are now an investor, no matter if you have a 401(k) or IRA. You are now putting your money to work for you in the stock market instead of letting it sit stagnant in a savings account.

Call Now 844-332-2079

Avoid Making this Mistake

Make sure that when you are setting up your 401(k) that you are selecting actual investments, and that you are not literally saving into your account. Sure, at the maturation of your policy, you may get a decent lump sum, but it would not be enough to comfortably retire. It would also be a huge discrepancy from what you could make if you properly invest the money and reap the benefits of compound interest.

To do some simple calculations, if you end up putting an average of $500 per month into a 401(k) for 40 years estimating an average 6% market return, you would end up with $933,714.65 upon retirement. But if the money just sat in a savings account it would only yield $240,000 upon maturation based on the market average 0.01% annual percentage yield on their savings accounts. Even with the highest savings rate of 2%, the money in savings would not exceed $370,000.

If you have a 401(k) or IRA, it would be prudent to check in on it, and make sure that your contributions are going into your investment portfolio to maximize your return upon maturation.

Stop Procrastinating and Take Control

One main reason that people often procrastinate about adjusting their 401(k)s is that they don’t understand all their investment options. There are many terms like mid-cap, large-cap which can confuse and intimidate people from confronting what they do not understand.

There is rarely any guidance as to which investments are best for an individual’s risk tolerance or time frame for maturation. So how does one go about learning how to set up an investment portfolio that is aligned with their personal interests?

How to Get Started

The simplest way to make sure you are on the right track is to consider a target-date or life-cycle fund. This is directly related to when you decide to retire and these funds are usually offered in 5 year increments.

You can also set up your fund to start with an aggressive portfolio, and rebalance it to become more moderate and eventually conservative as it approaches the set retirement year. You should start off aggressive and take more risk when you have time to withstand the variations of the stock market

There are those that say that target date funds go hand in hand with higher fees, which takes away from the future you. What that means is that one can end up with an investment portfolio that starts off too conservative, missing out on critical returns in the first few years.

Whichever method you choose, make sure that your money is being invested and not saved in a retirement account. If you need any other financial advice, feel free to reach out to the Financial Helpers. We are ready to assist you.

Call Now 844-332-2079

Recent Posts

Recent Comments

Categories

Become a member

Popular Posts