Working Towards A Healthier Savings Account

Building Credit to Qualify for a Car Loan

Having access to a reliable vehicle can make traveling throughout the day a lot more convenient. Since most consumers don't have the financial resources available to pay the full price of a vehicle in cash at the time of purchase, car loans have become very popular. However, qualifying for a car loan if you don't have much of a credit history can be challenging.  Here are two simple things that you can do to help build your credit as you prepare to qualify for a vehicle loan in the future.   Read More...

Avoid These Three Mistakes When It Comes To Saving For Retirement

If you are still relatively young, retirement is probably not something you've spent a lot of time thinking about. But the truth is, the sooner you start planning for your retirement, the better chance you'll have of living comfortably when you reach that age. That said, a successful retirement plan is about more than just throwing a few dollars into a savings account every once in a while. If you want to get on the right track for your financial future, make sure you avoid these three mistakes.   Read More...

Five Tips And Ideas For Finding A Payday Or Other Emergency Loan If You Are Self-Employed

A payday loan is a short term loan, typically used by people who need money quickly. In most cases, payday lenders do not check your credit history. Instead, they guarantee repayment by setting up a direct debit from your bank account on the date of your next payday. However, if you are one of the 10 million Americans who are self-employed, you likely don't receive regular paychecks, and as a result, you may be wondering if it is even possible to get a payday loan.   Read More...

How Can You Maximize Your Emergency Fund's Earning Potential?

If you're saving toward retirement, you likely have at least some of these savings in the stock market. Stock growth and dividend reinvestment can significantly increase your long-term earning potential, helping you retire sooner. However, the level of short-term risk inherent with stocks and bonds can be too high for you to want to place your emergency savings in the market. What safer investments are available that will help you earn more than a few pennies in interest?   Read More...

How To Calculate The Yearly Required Minimum Distribution For A Traditional IRA

An individual retirement account provides an effective method to defer income taxes on earned income. The interest earned in a traditional IRA also grows tax-free until distributed. However, the owner of a traditional IRA must eventually begin to annually calculate and withdraw an amount referred to as a required minimum distribution. Early retirement phase After you reach age 59 1/2, you can withdraw funds from a traditional IRA without limitation or penalty.   Read More...