Within the past 5 years, 42% of millennials have used alternative financial services like payday loans, pawnshops, car title loans, tax refund advances or rent-to-own products.
New York state recently started offering a loan forgiveness program that provides up to 24 months of relief for federal student loan debt.
When seniors tap the equity in their home through a loan, they’re re-leveraging their investment in their residence. A reverse mortgage doesn’t have a monthly payment, but the interest expense is added to the outstanding loan balance.
Governments drowning in debt, astronomical equity valuations and highly correlated global asset classes are a few of the risks investors must consider today.
Boomers with financially independent children are more than twice as likely to be retired than boomer parents still supporting adult kids.
This three-step plan will help you refill your depleted emergency savings.
Is taking on debt in your golden years a smart strategy?
Retiring without a plan to pay what you owe can reduce your peace of mind.
It’s far more likely that your children can find a way to finance their college careers than it is to expect your children to finance your retirement.
At the end of December, student loan debt reached $1.2 trillion.