News - Page 11

Medicare is a great way to ensure you have health care when you’re older. That’s why it’s important to know as much about it as possible. Here are three key things to know about Medicare. 

Here’s the low-down on when you can expect your credit score to change.

Do one thing: Review your credit reports every few months. This is one way to ensure there are no errors in the reports that could drag your score down. You can check your report with SavvyMoney through online or mobile banking or at annualcreditreport.com. 

Do one thing: If you think you’re a victim of fraud and haven’t already put your credit on ice, contact the three main credit reporting agencies and freeze your credit. You won’t regret it.

Employment scams are on the rise.

According to a recent report, hunting for a job just got a lot harder. That’s because the study, from the Identity Theft Resource Center, found that job scams are rising at historic rates. 

Steps to help you reach your financial goals.

Reaching your financial goals can be difficult, but not impossible. The key is to get out of your way. Here are some strategies that can make reaching your goals easier.

How paying yourself before bills can help your financial situation.

Paying yourself first is a smart strategy that can help you maintain your financial health. This method sets you up for success by automatically boosting your savings. Here’s what you should know about paying yourself first.

Tips for maximizing eligibility for student loans and scholarships.

Do One Thing: If you have a child attending college in the 2024-25 academic year, no matter how high your income, fill out a Free Application for Student Aid (FAFSA). Apply again this year even if you didn’t receive aid last year.

How to boost 401(k) contributions on autopilot

A 401(k) plan is only as good as the money you contribute to it. That’s why, if your employer offers an auto-escalation plan, you should consider taking full advantage. Here’s what you should know about this savings-boosting tool.

A study found retirees regret not saving more.

According to a new report from Lincoln Financial Group, your golden years might be marred by regret about one thing: saving.

The new study of more than 1,400 retirees found that a vast majority wished they had started their retirement nest egg earlier and had contributed more to it than they did. 

A Primer on Private Mortgage Insurance in the U.S.

Do one thing: Thinking of buying a home in the next few years? Set up a meeting with a lender to get an idea of how much you’ll need to save to qualify for a mortgage. As for additional costs over and above the primary mortgage.

Mortgage insurance – sometimes called Private Mortgage Insurance, or PMI for short — may not be what you think it is, or cover what you think it should. So if you are in the market to buy a new home – or maybe in the next few years – it’s good to know how this form of protection could potentially impact your ability to get a loan and how much your monthly loan payments may be.