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January 5, 2024
By
The Admiral Staff
A reader concerned about his wife’s lack of retirement savings is advised not to try to “convince” her, but instead to understand her perspective. The advice emphasizes open, non-judgmental communication about each partner’s relationship with money, including their histories, fears, and expectations for the future. Once understanding is established, the couple can collaboratively plan for retirement, potentially seeking guidance from a financial planner to explore strategies for late-stage saving and maximizing resources like Social Security and assets.
January 5, 2024
By
The Admiral Staff
Trading in your car is a convenient way to lower the price of a new vehicle by leveraging its value. To maximize your deal, research your car’s trade-in value (using resources like Kelley Blue Book), understand your loan balance, and gather necessary documents. Preparing your car’s condition and obtaining multiple quotes are also key. While trading in avoids the hassle of a private sale and can reduce your new car loan amount and sales tax, be aware that you’ll likely receive a lower value
January 4, 2024
By
The Admiral Staff
A parent struggling with $18,000 in student loan debt co-signed for their 19-year-old college dropout daughter, who refuses to make minimum payments despite having a job. The financial advice columnist suggests requiring automatic transfers to the parent’s bank account as a condition of living at home, aiming to pay off the balance while the daughter resides with them. Other options include leveraging assets like a car, reminding the daughter of legal responsibility (if co-signed), exploring
January 4, 2024
By
The Admiral Staff
International travel is surging in 2023, with bookings up over 200% compared to last year, leading to a 30% increase in airfares. To combat rising costs, experts recommend planning ahead and utilizing strategies like traveling during the offseason, using travel credit cards with no foreign transaction fees, and exploring lodging options like Airbnb. Other tips include avoiding airport parking, being mindful of currency exchange rates, managing phone plans, considering travel insurance, packing light, and being strategic
January 4, 2024
By
The Admiral Staff
This article highlights baking soda (sodium bicarbonate) as a versatile and inexpensive household staple with numerous uses beyond baking. It can replace many cleaning products and offer health benefits, costing around $10 for a 5-pound bag. The article details over 30 uses, including cleaning, stain removal, laundry boosting, kitchen tasks (like deodorizing, unclogging drains, and even putting out small grease fires), odor neutralization throughout the home, and even wellness applications like soothing sunburns, relieving
