Deciding when to retire may not be one decision, but a series of decisions and calculations. For example, you'll need to estimate not only your anticipated expenses, but also what sources of retirement income you'll have and how long you'll need your retirement savings to last.
No matter where you are in your financial journey, you can begin saving more money by making a few easy life changes. Sometimes the first step is simply realizing you want to save more and figuring out how to do so.
Refinancing your mortgage essentially means paying off your existing loan and replacing it with a new one. Refinancing can mean a lower rate, a shorter loan term, or even the opportunity to tap into your home’s equity.
A credit score is a number generated by an algorithm using information from your credit history representing your creditworthiness. Lenders use credit scores to evaluate the probability a person will repay their debts. Ranging anywhere from 300 to 850, a higher credit score indicates lower risk.