There are many important financial decisions that must be made throughout someone’s life. As part of our mission to help members with all their financial needs, we offer free, educational seminars to assist and provide you with the financial solutions that help you achieve your dreams.
So you’ve settled into a stable job and don’t plan on moving to a new city anytime soon. You’ve decided to put down some roots and make the move from “renter” to “homeowner.” Here are a few things to consider:
Credit scores have a lot of mystique: they can determine everything from mortgage and auto loan rates to (believe it or not) insurance rates, but most people aren’t entirely sure how they’re calculated. Most people would guess credit scores are based on how faithfully you pay your bills. That is a major component, but it’s not the whole picture.
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Total up the credit card debt of all the people in America, and it gives each household a staggering balance of $7,115 according to the Federal Reserve. Among just those who have debt, the average balance in $15,252. About half of households regularly carry a credit card balance. With high rates of unemployment, circumstances often force people to use credit cards to finance their lifestyles. This "strategy" leads to significant levels of indebtedness and low chances for repayment.
Every eighth American aged 65 and older has Alzheimer’s disease, and 43% of Americans aged 85 and older have it, according to the Alzheimer’s Association. Consider those percentages in light of the Social Security Administration’s estimate that about 25% of today’s 65-year-olds will live past age 90. These shocking statistics have serious implications for family wealth.1,2
New social media platforms seem to crop up all the time. The media moves at the speed of information, and it seems like overnight, Tinder and Snapchat went from complete unknowns to must-have apps. Each new technology offers something fun and unique to users, which is why the popularity of these apps has attracted so much attention.
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