Portfolio rebalancing, how to budget your money, what’s an HSA and who needs one? Preparing for retirement is hard. From personal finance basics to retirement planning and everything in between, we’ve got a few ideas to make life a little simpler. Contact MCF with any questions.
According to the Federal Reserve and U.S. Census Bureau, the average credit card debt balance is $8674. Also, in 2024 the total credit card debt in America became the highest ever recorded at an estimated $1.14 trillion dollars. This for many people and families becomes a hinderance to progressing financially. However, with a strategic approach and consistent discipline, it’s possible to reduce or eliminate this debt.
Thanksgiving offers more than just family gatherings and meals—it encourages reflection on finances with gratitude. The holiday can inspire better financial habits, such as managing holiday expenses wisely and practicing mindful spending. Here are a handful of tips that can alleviate any financial burdens you may face during the upcoming holiday season.
Medicare is a United States government health insurance program that covers people age 65 or older, patients with end-stage renal disease, and people younger than 65 with disabilities. It is important to understand how Medicare works, who qualifies for Medicare, and the four different types of Medicare available to individuals.
Many defined contribution plans include something called employer matching, meaning that your employer contributes a certain amount to your retirement savings plan based on your personal contribution. Employers use various match formulas to determine their contribution, but we have highlighted three common scenarios that show the importance of knowing the facets of your retirement plan.
A gender gap in financial health has existed for a long time, with only one in five women feeling financially healthy versus 29% of men, it’s time the wave of change continues to help more women feel economically empowered. Here are several moves you can make to support your financial health and be better prepared for your future.
After more than a 3-year-long pause due to the pandemic, federal student loan payments restarted in October 2023. For millions of borrowers, restarting student loan payments is a serious shift in their financial circumstances, especially as many borrowers are making payments for the first time since graduating. If this has been a pain point in your budget, here are some actions you can take.