Personal Finance

Nearly 25% of US students have access to personal finance education

Nearly 25% of US students have access to personal finance education

Personal finance teacher Marina White teaches Canyon High School seniors in Santa Clarita, California, a lesson on investing and the power of compound interest. Helen Zhao | CNBC Millions of high school students across the US will graduate in 2022 with one important course under their belt: personal finance. Recent momentum among states requiring personal …

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3 Ways to Score a Richer Monthly Social Security Payout |  Smart Change: Personal Finance

3 Ways to Score a Richer Monthly Social Security Payout | Personal Finance

(Kailey Hagen) Any kind of monthly check you don’t have to work for is pretty awesome, but let’s be honest: When it comes to Social Security, we all want as much as we can get. Many don’t realize it, but there are several easy ways you can beef up your Social Security checks, even if …

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Why Financial Literacy Alone Will Always Fail

Why Financial Literacy Alone Will Always Fail

April is financial literacy month, and it’s dedicated to educating people on basic money concepts such as budgeting, saving, debt, compound interest and investing, just to name a few. Given that only 57% of adults in the United States are deemed to be financially literate, it’s certainly something we need to address. Improving the financial …

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3 Industry Secrets an Investor Used to Build Passive Income

3 Industry Secrets an Investor Used to Build Passive Income

Adam Masato makes $8,400 a month in passive income from an Airbnb rental in Joshua Tree, California. He learned how to start his short-term rental business from YouTube creator Robuilt. Masato purchased a pre-fabricated, single-wide home to get the property up and running faster. Loading Something is loading. Self-described “regular millennial with a W-2 job” …

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Can ETFs Alone Make You Retire a Millionaire?  |  Personal-finance

Can ETFs Alone Make You Retire a Millionaire? | Personal-finance

(Sam Swenson, CFA, CPA) With the recent rise (and subsequent fall) of new investing vehicles — cryptocurrency and NFTs, to name a few — it’s been easy to forget that exchange-traded funds (ETFs) are all you need to retire as a millionaire. On a base level, ETFs are attractive because of their minimal costs, diversification …

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3 Ways to Score a Richer Monthly Social Security Payout |  Smart Change: Personal Finance

3 Ways to Score a Richer Monthly Social Security Payout | Smart Change: Personal Finance

(Kailey Hagen) Any kind of monthly check you don’t have to work for is pretty awesome, but let’s be honest: When it comes to Social Security, we all want as much as we can get. Many don’t realize it, but there are several easy ways you can beef up your Social Security checks, even if …

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3 Reasons Every Parent Should Consider a 529 Plan |  Personal Finance

3 Reasons Every Parent Should Consider a 529 Plan | Personal-finance

(Stefon Walters) A 529 plan is designed to help you save for a child or family member’s higher education expenses. These plans are administered and managed at the state level, so some aspects can vary by state, but they all serve the same purpose. There are two 529 plan options: prepaid and savings. Prepaid 529 …

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Will Overly Generous Assumptions Doom Social Security Sooner?  |  Smart Change: Personal Finance

Will Overly Generous Assumptions Doom Social Security Sooner? | Smart Change: Personal Finance

(Chuck Saletta) The Social Security trustees recently released their annual report for 2022. Remarkably, their estimates showed the program’s combined trust funds lasting until 2035, a one-year reprieve vs. the 2034 depletion date they projected last year. Of course, every modeled projection is based on assumptions for the future. Unfortunately, there is a significant risk …

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Today's Mortgage, Refinance Rates: June 7, 2022

Today’s Mortgage, Refinance Rates: June 7, 2022

The 30-year fixed mortgage rate has been hovering around 5% for several weeks now, suggesting that rates may have peaked and are settling in at their current levels. While it’s good news for homebuyers that rates are no longer skyrocketing, they’re still significantly higher than they were this time last year. This has caused the …

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