12 Steps to a Happy Retirement Follow these 12 steps to find fulfillment and retire happy. Rachel HartmanApril 15, 2025 Tax Day Poses New Dilemmas for Retirees You may find filing your taxes to be more complicated than when you worked full time. ...
In this process, a debt settlement company will help you negotiate with creditors to pay a reduced amount, typically in a lump sum, to settle your debt. While debt settlement can lead to a significant reduction in your debt burden, it's important to note that it can have negative repercuss...
While successful negotiations can reduce your overall debt (in some cases by up to 50%), you should be aware of the drawbacks. These include negative impacts on your credit score, potential tax implications, the risk of creditors not agreeing to settle and high fees for debt relief companies...
Finding ways to reduce your monthly bills can help free up more money to put toward debt payoff. And every little bit counts. Don’t be afraid to contact your service providers and see if you can negotiate a better rate on expenses like your cell phone bill. You may also be able to ...
6. (Carefully) consider a balance transfer vs. debt consolidation loan Transferringcredit card debtto a new account has advantages, as many transfer offers may have an introductory period with aninterest rate of 0%. A balance transfer can also reduce multiple payments to one, with a single pay...
Learn how to plan for what's most important to you. Have Enough Money Grow My Money Volatile Markets Protect What Matters Most Protect My Business Plan for Future Expenses Discover how to create a strategy usingRiverSourcesolutions that can help you manage your taxes now and in retirement.River...
If you’re using a significant portion of your available revolving credit, such as by carrying a large credit card balance, it’s worth trying to pay off some or all of it. If you can pay down your balance and reduce your utilization, your credit score may improve as soon as your bal...
Credit card debt is expensive, and having too much of it can hurt your credit score. Credit cards have high interest rates, so any balance left at the end of the month can grow quickly. To reduce your credit card debt, pay off as much of your balance as you can at the end of each...
Eliminate Smaller Balances– We’ve established that lowering the balance on most loans won’t reduce your monthly expenses. But, paying off an entire balance can make a huge difference. Typically, we suggest thatborrowers pay down their highest-interest debts first. However, one notable exception...
How can I reduce the time it takes to pay off my student loans? You can get a shorter loan term and make additional payments to reduce the time it takes to pay off your student loans. You’ll still be making monthly payments for several years, but staying consistent will make you debt...