IFW Education Center – Money
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What Do Lower Interest Rates Mean for Retirees?
Navigating retirement can be challenging, especially when economic conditions shift. One such…
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Build Wealth During a Recession: How to Invest Wisely
How can you invest wisely during a recession? This article outlines proven…
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7 Tips to Improve Your Financial Health Today!
Do you want to know how to improve financial health? This guide…
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What The Recent Stock Market Dip Means & How To Profit
The stock market took a bit of a tumble recently, and you…
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How to Benefit the Most From Your Financial Windfall (Longevity)
Have you got a financial windfall? It’s thrilling, but how do you…
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Understanding SEP IRAs
Are you approaching retirement age and considering your options for a secure…
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Understanding How MAGI Impacts Your Retirement Strategy: A Simple Guide
Modified Adjusted Gross Income (MAGI) determines your eligibility for key tax benefits,…
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What Is the $1K Per Month in Retirement Rule?
Planning for retirement can feel overwhelming, but understanding key strategies can make…
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Understanding the Difference: Credit Rating vs Credit Score Explained
“Retirement means giving yourself permission to do nothing at all and not…
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ERISA: Your Key to Retirement Security
The Employee Retirement Income Security Act (ERISA) protects Americans saving for retirement…
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Unlocking Additional Income Streams in Retirement
Retirement often marks a significant shift in one’s financial landscape. While it’s…
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Securing Your Future: 6 Strategies to Avoid Forced Retirement
As retirement approaches, many individuals envision a smooth transition into their golden…
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Mind the GAP: How to Protect Your Assets Against Loans
“The best time to start saving for retirement is when you’re young.…
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What’s The Realistic Solution to Social Security’s Growing Cash Shortfall?
For many retired Americans, Social Security income is essential. Surveys spanning over…
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Discover 5 Ways to Minimize Taxes on Retirement Income
Planning for retirement? Taxes can significantly impact your financial freedom. Adjusting strategies…
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Why Setting Financial Goals is Crucial for Your Financial Security
In order to achieve financial security, it is essential to set short-term,…
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How to Diversify Your Retirement Portfolio
How to Diversify Your Retirement Portfolio The old saying goes “Don’t put…
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Military Benefits for Retirees: What Veterans Need to Know
Transitioning from military service to civilian life can be difficult, so it’s…
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Are Your Financial Decisions Making Sense for You?
When it comes to making financial decisions, we often hear the question,…
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What Are The Top 5 Retirement Mistakes You Need to Avoid & How?
Are you prepared for a comfortable and secure retirement? No matter your…
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Medicare Vs. Private Health Insurance: What Retirees Need to Know
Navigating the realm of healthcare coverage can be a daunting task, especially…
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Tips for Retirees Looking to Purchase a New Car
For retirees considering buying a new car, it is important to consider…
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Glittering Prizes: Is Gold a Good Investment for Retirees?
Investing in gold is seen as a secure way to safeguard retirement…
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Traveling in Retirement: How to Budget for Your Adventures
As a senior, retirement can open up the world of exploration. You…
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Why You Should be Transparent with Your Heirs about Finances
As financially comfortable older parents, it’s crucial to ensure that your adult…
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Are You Making the Right Investments to Beat Soaring Inflation?
Inflation rates are soaring, and it’s a concern that’s hard to ignore.…
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Top 3 High Interest Saving Accounts For A Better Retirement
Are you concerned about your retirement savings? Planning for retirement can be…
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40+ F.I.R.E. – Understanding the Financial Independence, Retire Early Movement
Are you tired of the rat race and dreaming of a life…
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Selling a Home That is Financially Underwater
Being underwater on your mortgage does not refer to having a flooded…
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Additional Financial Home Buying Obligations
You have found your dream home in the perfect neighborhood for you…
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Down Payment Strategies for First-Time Home Buyers
The idea of buying a first home is exciting. However, coming up…
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Lower Your Credit Card Rate
Credit card interest rates can be manageable for some people but a…
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The Self Directed Brokerage Account
This week we are going to unveil a very well-kept secret that…
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Fixed Rate vs Adjustable Rate Mortgages
You are ready to apply for a mortgage. Your question? Should you…
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15-Year vs 30-Year Mortgages
What makes more sense financially for you, a 15-year fixed-rate mortgage or…
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Should You Refinance Into a Shorter Term Mortgage?
When mortgage rates are low — and in December 2021, the rate…
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Home Affordability
You are ready to make the jump from renting to buying a…
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Stop Living Paycheck to Paycheck
Researchers have found that many households in the United States live their…
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Flexible Spending Accounts for Medical and Dependent Care
Does your employer offer flexible spending accounts? Do you take advantage of…
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Cutting the Cable and Saving Money
How much is cable TV costing you a month? Further, how much…
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Should I Pay Off My Mortgage As Early As Possible?
This weeks wisdom is going to help you answer the question “should…
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Do You Need a Financial Advisor?
Everybody wants to spend their money prudently, save it carefully, and invest…
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Our relationship with money and how we view it is critical!
At the Institute of Financial Wellness we are certainly focused on our…
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Challenge Your Budget Cutting Skills
Saving money. It is something that tops countless numbers of New Year’s…
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Disputing a Credit Card Transaction
People rarely carry cash anymore; instead, people typically go cashless and utilize…
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How Many Credit Cards Should You Have?
Figuring out how many credit cards belong in your purse or wallet…
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Using Budgeting Apps
Managing your money can be challenging, but it is essential. Good money…
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Do You Need a Financial Advisor?
Everybody wants to spend their money prudently, save it carefully, and invest…
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2022 Paycheck Planning
Another year has come to an end, which means new changes to…
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New Year New Budget!
It’s always important to know where you stand financially at any given…
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Attention Kids! Your Financial Journey Starts Now
Hi! I am Katharine Weiner, and I live in New York City. …
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Checking & Savings Accounts
Checking Accounts vs Savings Accounts The difference between checking and savings accounts…
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Budget Calculator: Keep Working or Stay at Home?
Making the decision to return to work after staying at home with…
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Budget Calculator: Save or Pay Off Debt
Having savings is important, especially when the savings are part of an…
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Budget Calculator: Calculate Your Net Worth
Determining how much money you are worth is like having a personal…
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Budget Calculator: Spare Change
Most people have a cup, jar or piggy bank full of change…
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Budget Calculator: Balance Your Checking Account
Balancing a checkbook is easy. Start with the balance from your last…
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Budget Calculator: How Much Am I Spending?
How many times have you asked yourself “where does our money go?”…
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Debt Calculator: Calculate a Loan Payment
Repayment of a loan requires that the borrower make a monthly payment…
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Debt Calculator: Increase Your Monthly Payment
f you’re trying to pay down some debt, you might be wondering…
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Debt Calculator: Are Credit Card Balance Transfers Worth It?
At some point in time, you are likely to receive an offer…
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Debt Calculator: Meet a Debt Payoff Goal
Setting a goal for paying off a mortgage, auto loan, credit card…
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Debt Calculators: Bi-Weekly Payments
One popular strategy for accelerating the payoff of a loan is to…
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Savings Calculator: Your CD’s Maturity Value
A certificate of deposit (or CD) is a savings instrument offered by…
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Savings Calculator: CD Comparison
A certificate of deposit (or CD) is a savings instrument offered by…
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Saving Calculator: Secure Your Emergency Fund
It is always a good idea to have savings tucked away for…
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Savings Calculator: Do You Have A Goal Worth Planning For?
Whether you are trying to save for big screen television, a new…
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Savings Calculator: What Will Your Savings Will Be Worth?
The future value of your savings plan is dependent on the starting…
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Savings Calculator: So You Want To Be A Millionaire!
Everybody wants to be a millionaire, but few have the savings discipline…
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Savings Calculator: College Costs Analysis
Saving for a college education requires advanced planning and knowledge of what…
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Savings Calculator: The Benefits of Compounding
How interest is calculated can have a great impact on the interest…
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Home Equity Calculator: Paying Off Your Loan Or HELOC
The length of time it will take to pay off a home…
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Home Equity Calculator: Consolidating Debt With Home Equity
Home equity loans can be used to consolidate account balances from multiple…
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Home Equity Calculator: Using Home Equity for a Major Purchase
When making a major purchase, using a home equity loan or line…
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Mortgage Calculator: Loan Amount Calculator
What is a Mortgage? A mortgage is a type of loan you…
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Mortgage Calculator: Down Payment Analysis
The math seems simple: the higher your down payment, the lower your…
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Mortgage Calculator: How Much Money The Sale Of Your Home Will Yield?
One of the most important questions consumers will ask themselves is “how…
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Mortgage Calculator: To Rent or To Buy?
Depending on how fast prices and rents rise and how long you…
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Car Payment Calculator: Gas Guzzler Analysis
As the price of gasoline continues to rise, the question often arises…
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Car Payment Calculator: Payment Comparison
The term of your vehicle loan can make a big difference in…
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Car Payment Calculator: Comparing Monthly Payments
The term of your vehicle loan can make a big difference in…
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Car Payment Calculator: Low Rate or Cash Back?
Vehicle manufacturers or dealers will often offer incentives to purchase a particular…
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Car Payment Calculator: Get The Numbers
Your monthly payment is based on the net purchase price of the…
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Home Equity Calculator: Equity Analysis
The amount of equity available for a home equity loan or home…
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Mortgage Calculator: Payment Analysis
Repayment of a mortgage loan requires that the borrower make a monthly…
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Budget Calculator: Cash Flow Analysis
Getting your spending under control and in line with your income is…
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Savings Calculator: Measure Your Potential
If you are already a saver, you might ask yourself the question…
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Retirement Calculator: 401(k) Review
How Can I Get The Most From My 401(k)? If your not…
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Supplementing Your Retirement Income
Retirement is something you may have been looking forward to for quite…
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Restructuring Your Budget for Retirement
If you are like many people, you have been planning and building…
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Choosing Between College and Retirement Savings
Saving enough money to help pay for your children’s college education is…
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Getting Your Child’s Finances ‘Move-Out’ Ready
It is more common than ever for adult children to live with…
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Savings vs. Money Market Accounts
Some financial decisions are harder than others. Should you apply for a…
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Starting a Budget
You know you need a budget. Your household is spending money faster…
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The Benefits of Online Banking
Unless your idea of banking is stuffing the proceeds of your paycheck…
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What to Do With a Lump Sum of Money
Most households plan to live on their regular income, which usually comes…
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Smart Ways to Spend Your Tax Refund
When tax time rolls around, you are likely waiting for that tax…
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Good Debt, Bad Debt
When people hear the word “debt,” they often think of it as…
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Cosigning a Loan
In some cases, your son or daughter, relative or friend may have…
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Boosting Your FICO Score
According to Forbes, considerably more people are embarrassed to admit their credit…
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Use a Side Hustle to Pay Off Debt
Many people look at side hustles as an opportunity to earn some…
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Cures for a Debt Hangover
Holidays are seldomly easy on the budget. Birthdays too. Same for vacations…
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Automating Your Finances
Although you may be dealing with a hectic schedule, it is important…
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What is a Cryptocurrency?
Cryptocurrency is one of those words that is slowly trickling into our…
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Debit or Credit Card?
The convenience of plastic, whether in the form of debit or credit…
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Exchange Rate Basics
When you are traveling to foreign countries from the United States, it…
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Saving Money While on Vacation
Vacation. It is a magical time for friends, couples, and families to…
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Important Retirement Savings Milestones
When it comes to your money, one of the most important decisions…
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New Year? New Budget Resolution
Managing household expenses, for many people, is not a fun thing to…
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Measuring the Cost of Living
Understanding the cost of living in an area can help you determine…
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Smart Spending
Even if you are a smart spender, your kids will not necessarily…
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Allowances and Children
As if you did not have enough bills to pay in your…
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Learning to Save
As a parent, you hold primary responsibility for training your children in…
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Should You Withdraw Funds from Your 401(k)?
For many people nearing retirement age, their 401(k) account is their biggest…
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The 5 basics of Financial Literacy
Understanding the ways credit and debt work for and against you are…