Most families aren't able to cover the full cost of their children's college experience, which means financial aid will play at least a part of their college planning. If you're thinking about applying for financial aid for your college-aged student (or thinking ahead for a child who's got some time left to go), here are the fundamentals you need to know.
Studies released by Urban Institute in July 2014 showed that 35 percent of Americans -- roughly one out of three -- are so behind in their finances that they have debt in collections. Many people become overwhelmed by their debts, but they don't have to be.
One of the direct results of my time working as an accountant was the realization that money habits, good or bad, start young
What do you buy someone for Social Security Payroll Tax Freedom Day? Nothing they can't buy for themselves! That's because the 'holiday' is the day the top one percent of Americans finish paying their annual Social Security payroll taxes.
When it comes to gender and money, there's no shortage of stats on how the sexes stack up. But while you're probably used to hearing those differences dissected in discussions of salaries and pay inequality, it turns out there's a bit more to it: Gender plays a role in a whole range of everyday money matters.
You have arrived at your second marriage a little bit older and (hopefully) a little bit wiser. Second marriages and blended families present their own issues when it comes to estate planning.
You don't want your relatives and your spouse fighting over some piece of furniture or other trinket. If you are single, then it won't be as obvious as to who gets what, especially if your siblings and parents survive you.
Changing the way one applies for a loan doesn't simply mean stating for 28 pages that a borrower will not be discriminated against, or that we should depend solely on federal and state regulations to curb financial intuitions' racist lending practices.
If you are a parent with a teen bound for college, be sure to consult a professional with experience in both financial aid and retirement planning before filling out your financial aid forms. Smart IRA and retirement planning can go a long away towards helping you pay less for college.
If we want to continue making progress, we must acknowledge the pervasive existence of truly unbelievable policies and practices, and we must encourage regulators to address them. Here are a few of the most screwed up aspects of personal finance facing consumers today.
Estate administration involves the probate of the decedent's estate and typically includes three broad actions: (1) asset collection, inventory and appraisal; (2) collecting and paying debts and taxes; and (3) distributing the remaining assets to beneficiaries. This process may occur with or without a will and may occur subject to a probate court or outside a probate court.
Kevin Carey posits that the market dominance of federal student loans combined with income-driven repayment plans has solved student debt crisis. It's an intriguing and optimistic thesis.
The complex world of medical billing is ripe for errors. As many as 250 people -- from the nurse to the medical coder -- could be involved in generating just one bill. With all of those hands touching the bill that will ultimately end up in your mailbox, it's no wonder some experts estimate as many as 80 percent contain mistakes.
Imagine that you have a low-paying job but still manage to save a little for your kids' future every month. Then someone comes along and offers you a chance to win a cash prize.
If a senior relative faces a sudden, debilitating illness or starts losing control of everyday finances, would you know where his or her retirement, estate and long-term care issues stand?
A group of us at The Principal recently conducted some research to understand the financial significance of retirement for Americans who are on the verge. We wanted to know: just how big of a deal is that moment of retirement?