Let’s continue our series on special financial issues that may especially affect women. When people marry, they still maintain a separate credit rating. This will now be affected by accounts that are maintained separately as well as co-signed together. When married women choose to apply for credit, they can do so under their maiden or married name. Having a strong credit rating is not only important for getting joint or separate credit while married, but may be needed again if the marriage ends.
When someone loses a spouse, he or she deals with intense feelings of grief. Despite this emotionally trying time, the widow or widower is left with a laundry list of things to complete, including creating a new budget, cancelling accounts, collecting benefits, and more. Having someone to help complete this list while dealing with the death of a spouse can be a lifesaver for anyone who is mourning, especially a senior.
Let’s continue our series on special money issues for women. Investing issues are similar for men and women, but studies do reveal differences in style and practices.
This article begins a new series on the special financial issues that women may face (but men will find it useful, too). These special financial issues women face may include marriage, being out of the work force for child rearing, widowhood, and on average living longer than men. All women need to be informed about the full range of financial issues. Nearly all women will need to be financially independent at some point in their life when starting out, divorced, widowed, or having never married. Let’s being with earnings.
Today’s guest post is from Jim Vogel at ElderAction.org who discusses four advantages for seniors who buy a HUD home.
If you are a senior who is in the market for a new home, you should consider buying a HUD home. HUD homes are those that were purchased using an FHA loan that then fall into foreclosure. While buying a HUD home is a little different from purchasing another type of foreclosed home, it is a fairly simple process that you can do on your own or with the help of a real estate agent. There are several advantages to buying a HUD home for seniors, and we highlight a few of them below.
Stocks Go Up
In the wake of the recent stock market volatility, this post provides the most important investment advice you need to know. First, remember that what goes up must come down. Stock markets go both up and down. This is easy to forget when markets have tripled since the recovery from the Great Recession began in 2008-9. This rise has been even more pronounced since the latest Republican administration took office and promised massive tax cuts primarily to businesses and did in fact almost halve the corporate tax rates. Based upon previous corporate tax cuts, most economists and investors assumed that most of the corporate tax cuts would be passed along to investors in the form of dividends and stock buy-backs which caused the U.S. stock markets to soar.
Let’s continue our series with investing fundamentals in a summary bullet format. Here is a really quick summary of mutual funds. Then review my more detailed articles for the areas that will help you invest wisely.
I have introduced the basics of investing in the past. Investing basics is such an important topic, that today, I’m providing the bullet version. Review the brief version below, and then read my more in-depth posts on the topics you want more information for. This will prepare you for more detailed investing topics I will provide in the coming weeks.
Today’s guest post is from Patricia Sanders.
Debt collection lawsuits are on the rise. Around 12,000 collection lawsuits have been filed in the last few years. This number is up from 9300 in 2009. These often are the result of medical or credit card debts that many people are unable to pay off. Sometimes, financial hardship prevents you from making monthly payments on your debts. Soon, you start getting calls from collection agencies. The problem arises when you cannot pay the debts in full. One option is to consider a negotiation process with the collection agencies for debt settlement. In this process, creditors and/or collection agencies accept less than what you owe on your credit accounts. How can you negotiate the best debt settlement deals? Some simple tips are important when you negotiate.
New Year’s resolutions are popular because this is a great time to reflect on what parts of your life could use improvement. “Losing weight” is always popular as is some aspect of improving our finances. Improving your financial future is one of the most useful aspects of your life to improve because it affects so many other things. So I’m pointing you to my series on great New Year’s resolutions that can actually change your financial future during 2018. The Financial Guide to Life deals with managing, saving, investing, and spending your money, so I am recommending four personal finance new year’s resolutions that are achievable and can bring you financial security and peace of mind.