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Looking For Your Stimulus Check?

Your stimulus check should be on the way, if not already in your bank account. According to the IRS, it’s issuing the third round of $1,400 stimulus checks in phases. It has already delivered 156 million payments, including 25 million to Social Security recipients who were a little harder to reach, according to CBS News.  […]

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Pandemic Silver Lining: Consumers Pay Down Credit Card Debt

The COVID pandemic has created financial distress for many consumers who have lost their jobs, business income, or seen their work hours reduced due to service shutdowns and childcare challenges. But other consumers who have remained unaffected by the pandemic are experiencing a surge in savings. More “consumers are paying down debt and saving more […]

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It’s Time To Fund Your IRAs!

We’re getting closer to the April 15 deadline for funding your IRAs or Roth IRAs for 2020 (that’s last year). Mari Adam talked to Kiplinger Personal Finance magazine to share insights about IRA limits and strategies. You can read the entire article here. The maximum amount you can contribute to your IRA for 2020 is $6,000 or […]

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Collision Ahead: How Low Credit Scores Can Impact Insurance Premiums

Drivers with low credit scores pay over S1,500 more for auto insurance, on average, than those with stellar scores, according to new research from The Zebra, a car insurance comparison website. A few states have banned insurance companies from using credit scores to make insurance decisions, but many states do use credit scores in their […]

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Quote Of The Week: The Only Failure Is Not Trying

Bumble CEO Whitney Wolfe Herd built Bumble into a $7 billion business and made herself a billionaire at age 31 by letting women make the first move when it comes to dating and networking. Here’s what she has to say about achieving success: “The only failure is not trying. Trying and having it not work […]

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Top 3 Mistakes Wealthy People Make With Their Money

Making money and managing money can be two very different things, as some people – including the country’s wealthiest – learn the hard way, writes Laila Maidan for Business Insider. Laila recently interviewed Mari Adam on the top 3 mistakes wealthy people make when it comes to managing their money. “[Wealthy people] make the same […]

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After COVID, How Much Of An Emergency Fund Do You Think You Really Need?

  There’s nothing like an honest-to-goodness crisis to to give your emergency preparations a test run. And there’s no doubt that the 2020 COVID pandemic qualifies as one of the most profound crises ever to affect our nation. So now that we’ve lived through almost ten months of the pandemic and we start to see […]

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Quote Of The Week: COVID Creates Haves And Have-Nots

“In some ways it’s a tale of two cities. While a number of Americans have been able to pay down their credit card debt during the pandemic, some people are really struggling because they’ve been laid off or have had their hours cut.” Bruce McClary, spokesman for the National Foundation for Credit Counseling (NFCC), interviewed by Daniel […]

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Quote Of The Week: How An Emergency Fund Can Boost Your Financial Confidence

“An emergency fund can boost peace of mind and financial confidence in long-term goals. In a report conducted by AARP, people with emergency funds felt 2.5 times more confident in their ability to achieve their financial goals than those who did not.” Christine Benz, “What the Coronavirus Means for the Future of Financial Planning,” Morningstar, October 13, […]

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2021 Retirement Plan Limits

Are You Saving Enough? New Retirement Contribution Limits For 2021

Did you know that there have been a few small changes to the amounts you can contribute to your IRA, Roth IRA, SEP, SIMPLE or 401(k) starting January 1, 2021? We’ve summarized in the accompanying graph what changes – and what doesn’t – for next year. For the most part, annual employee contribution amounts for IRAs […]

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