If you are one of many Americans that have woken up only to realize you have a large amount of retirement savings and a large amount of debt, you are not alone. We’ve been thinking a lot about this recently and in conjunction with the recent passage of the Federal CARES Act on March 27, 2020, we have an easy plan to help you pay down your debt or student loans. Let’s take advantage of this opportunity together!
There are many ways that we support our favorite charitable causes. However, one of the most beneficial ways to support a favorite charity now and into perpetuity is through planned giving. While almost any larger nonprofit organization has an active planned giving program, it may come as a surprise that many smaller nonprofits are also eager to work with their donors on planned giving options.
Being financially literate in today’s economic climate is more important than ever. Understanding finances can help you make better money management decisions, budget your money properly, adequately save for college, and be financially prepared for retirement. While it may sound daunting, financial literacy starts with a budget. Today, only one third of Americans have a budget that they actively use when making financial decisions, although 75% of Americans believe you should have a budget.