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September 23, 2024
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The Admiral Staff
The article encourages readers to start saving for retirement today, regardless of how far behind they feel. It outlines six strategies to boost savings, even with limited funds: investing in companies through apps like Stash (starting with as little as $1), investing in real estate via Fundrise (with a $10 minimum), reducing expenses by comparing car insurance quotes on EverQuote, paying off credit card debt with a loan from AmOne, improving credit scores using Credit Sesame, and taking advantage of employer
September 20, 2024
By
The Admiral Staff
Simplifi, a new budgeting app from Quicken, aims to simplify personal finance by automatically creating personalized, flexible spending plans based on your income and bills. It acts like a “GPS” for your bank account, helping you reach financial goals, from paying rent to saving for a home, and adjust for unexpected expenses. Easy to set up and customizable, it’s earned recognition as the best budgeting app of 2020 by Wirecutter and offers a 30-day money-
September 20, 2024
By
The Admiral Staff
As student loan forbearance ends, individuals may find assistance from unexpected sources. Employers can offer tax-free student loan payments up to $5,250 annually. Families can utilize 529 savings plans to pay off student loans, with up to $10,000 available per person. The government offers student loan forgiveness programs, particularly for those in specific careers or enrolled in income-driven repayment plans. Finally, military service can qualify individuals for student loan repayment programs.
September 19, 2024
By
The Admiral Staff
The article highlights the increasing prevalence of unmarried couples and the financial complexities they face due to the lack of legal protections afforded to married couples. Without marriage, navigating issues like asset division upon separation, Social Security benefits, and inheritance can be challenging. The article advises unmarried couples to proactively address these concerns through legal contracts like domestic partnership agreements, carefully structuring property ownership (favoring joint tenancy with rights of survivorship), updating beneficiary designations on accounts, and creating comprehensive estate planning documents including wills, healthcare proxies, and
September 18, 2024
By
The Admiral Staff
Due to the COVID-19 pandemic, many students are facing unexpected financial challenges that threaten their college plans. The article outlines three key options for students struggling to afford college: negotiating for additional financial aid by documenting financial hardship, considering schools closer to home (including community colleges), or taking a gap year to work and explore career options. Colleges are also adapting, and students are encouraged to proactively ask questions and advocate for themselves as institutions navigate this unprecedented situation.
