(StatePoint) Many Americans are feeling the effects of job loss and furloughs as a result of the COVID-19 pandemic. For people with a chronic condition, loss of insurance coverage can create additional stress during this uncertain time. However, it’s vitally important for them to stay adherent to their medication... Read more
Dave Says Column: Saving for College
Finance June 16, 2020
Dear Dave, What percentage of our income should we save for our kids’ education? We know you recommend setting aside 15 percent for retirement, but do you have a similar rule that applies to paying for college? -Andrew Dear Andrew, I don’t really have a rule, or percentage, for... Read more
Ramsey Solutions:Don’t Neglect this One Conversation with your Kids. (A Father’s Day Huddle)
Finance June 10, 2020
By Chris Hogan In honor of Father’s Day, I want to pause, huddle up the dads out there, and give us men a quick pep talk. We have a massive opportunity to impact our children’s lives, for better or worse. I have three incredible boys, and I want to... Read more
3 Things to Know About 401(k)s in 2020
Finance May 26, 2020
(StatePoint) Workplace retirement plans, including 401(k)s, 403(b)s and 457 plans, provide an important long-term savings tool for many Americans. About 55 percent of U.S. workers across public and private sectors participated in workplace retirement plans in 2018, according to the Bureau of Labor Statistics. The Internal Revenue Service annually... Read more
By Chris Hogan May 20 is national “Be a Millionaire Day.” I know, it might be a strange thing to bring up at a time like this, when the economy is limping along thanks to the coronavirus shutdown. But I disagree. In fact, it’s more important than ever to... Read more
(StatePoint) These uncertain times are forcing more people to reexamine finances and rewrite their household budgets. According to the Pew Research Center in a survey conducted soon after the COVID-19 crisis began, 33% of Americans either lost their jobs or suffered a pay cut or reduction in work hours.... Read more
(StatePoint) Financial experts agree that no one is completely immune from risk when a recession occurs, and that an economic downturn can have a significant impact on your personal and financial situation. However, they also agree that it is important to avoid panicking and to remain focused on your... Read more
To give business owners tactical advice during this difficult time, Ramsey Solutions is sharing limited access to its most popular and inspirational business talks from the organization’s EntreLeadership Summit conferences. Summit Unlocked, https://www.entreleadership.com/summit-unlocked, starts Thursday, May 7, with a talk by Dave Ramsey, financial expert and CEO of Ramsey Solutions.... Read more
By Rachel Cruze These are unprecedented times, you guys. There’s sad news everywhere you look, so I want to give you some hope today. Let’s talk about one thing that can help your specific situation right now, no matter where you’re at with your finances—an emergency fund. Emergency funds... Read more
Dave Says Column:Go ahead, knock it out!
Finance May 6, 2020
Dear Dave, We make about $70,000 a year, and we’re debt-free except for our house. We’re following your plan, and just started saving for retirement, but we only have $15,000 left on our mortgage. We can have that paid off in six or seven months, so would it be... Read more