Financial News Features

It's tough to start out as a young person. The American Dream is going to be very difficult for Gen Z to obtain. Moving out of mom and dad's house is going to be a struggle.

“They can help you analyze your current financial situation and assess your needs and goals. Next, consider speaking to an estate planning attorney who can provide legal advice on survivorship options, estate planning strategies and ensure your wishes are properly documented. Lastly, an actuary may be able to help you assess the financial implications of choosing survivor options. They can provide calculations and projections to help you understand the potential impact on your retirement income and overall financial security. Since pension distributions [a withdrawal of funds] and survivor benefits may have tax implications, [so] it’s advisable to consult with a tax adviser who can help you understand the tax consequences of your decision and explore tax-efficient strategies for managing your retirement income,”

"Yes, in the very short term your credit score may drop, but if you make payments on time and in full, your score will soon rise,"

“I’ve had clients who drive for miles to find the cheapest gas, but they don’t put in the same effort to find an affordable mortgage. The reason is simple, homebuying is complicated and it’s easy to get overwhelmed to the point that you simply rely on your bank for a mortgage,” s

“If they report and you go out and get five of these loans, it looks like you’re desperate for credit,” says Howard Dvorkin, CPA and chairman of Debt.com. “You have to be very careful.”

“Your biggest challenge has nothing to do with your body or your mind,” says Howard Dvorkin, chairman of Debt.com, who advises people with disabilities about applying for credit. “It has everything to do with your income and your debts. Lenders only care if you can pay back what they give you.”