As average credit scores for Americans continue to rise, the question for many becomes how to use their excellent credit rating to optimize their lives without borrowing money or adding risk.
Financial advisers don’t always agree, but when it comes to lending money to family, there’s consensus: Tread carefully.
If you want someone to stop asking you for money, the worst thing you can do is say no and then give in after persistent pleading.
If anyone tells you a 401(k) loan is a cheap way to borrow, they are both right and very, very wrong.
Most retirement accounts are for one purpose: The money goes in and stays in until retirement — specifically, until the investor turns 59½.