Financial literacy involves understanding fundamental financial concepts, such as compound interest, the time value of money, the use of consumer credit, diversification, tax-preferred savings vehicles, consumer rights, and more. Having this knowledge supports our ability to make prudent financial decisions throughout life and to respond competently and confidently to the inevitable financial uncertainties that we all face....
To Your Health
Savings vs. Investing – Which is More Important?
Passing along this excellent article by Charlie Bilello. In it, he makes the case as to why focusing on saving is a far more powerful way to secure your financial future than investing. Though both are important to achieving your personal finance goals, for one thing, your personal savings rate is much more under your own control...
Nine out of 10 retirees identify as happy
As much as I bemoan the fact that most Americans are ill-prepared for retirement, that doesn’t mean people haven’t found a way to make it work, whatever their means. Here’s proof positive: In a recent Transamerica study, 90% of retirees said that they're enjoying their lives despite the financial challenges retirement typically presents....