Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Saving for retirement and kids’ college fund at the same time gets difficult when income is limited. According to the financial advisers, you need to be selfish, when deciding how to prioritize your income between saving for your retirement and kids’ college fund. “According to a recent survey by Sallie Mae, people are funding the golden years before saving for ...
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The holidays are not days of happiness for everyone out there. For many who don’t have a decent livelihood, Christmas is just another day. During these days, many people are forced to max out their credit cards to live up to the holiday spirit and cope with the unaffordable lifestyle that their relatives and neighbors live. It’s easy to buy, but difficult to ...
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1. Christmas miracleCalling it a Christmas miracle, President Obama signed a rewrite of the No Child Left Behind Act. The new version, known as the Every Student Succeeds Act, shifts the decision-making power to state and local districts regarding the ways to improve troubled schools.This is what Obama has to say about the new law:“With this bill, we reaffirm that ...
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Every time you enter the world wide web or a store, you’re bombarded with deals that help you save lots of money. Some of these supposedly ‘life changing offers’ may seem promising, but they hurt your wallet in the long run. So, how can you spot these deals that break your bank in the long run? A week ago, I was chatting with my friend, who happens to be a ...
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If you are an optimistic person, then you might agree with me that “A new year is a new beginning”. A new year means new goals, new resolutions, and new ambitions. Don’t stress, if you’ve made many financial mistakes in 2015. The new year will give you another opportunity to get a bundle of success. But, thinking positive is not enough, you must be organized ...
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For many, investing in 401k, IRA, or Roth, at times, is a risky proposition. However, none of us can deny the fact that these are the best places to keep funds for long-term goals - say for retirement. If you have already dedicated funds in any of these investment accounts, it’s your duty as an alert investor to stay on top of the changes that take place for these ...
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Popular sentiment would say -”Are you crazy? Bad financial habits can never be good for you”. And, I agree. Bad financial habits can sink your future and lead to bankruptcy. But, a few bad financial habits can also do good for you. Surprised or shocked? Well, you don’t need to be either. Contrary to the popular perception, bad financial habits can sometimes be ...
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Today, American companies are spending billions in employees’ retirement contributions just in order to maintain their financial well-being during the retirement days. However, new research shows that in spite of this massive investment, retirees are still not getting the intended results. According to a study by HelloWallet, a provider of behavioral technology ...
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