How Buy Now, Pay Later Is Destroying American Consumers

abcnews-byline    June 18, 2015
by Baron Financial Group

High personal debt levels are common in America — ironically, a wealthy nation. Americans are nearly $12 trillion in debt, and this figure is increasing.

Most people don’t realize what going into debt actually means: moving money from their future to their present at a high cost in the form of interest. Continue reading “How Buy Now, Pay Later Is Destroying American Consumers”

Financial Confidence From Knowledge: What You Don’t Know Can Hurt Your Returns

March 19, 2015
by Baron Financial Group

 Why those who have the least amount of knowledge about investing are most likely to go it alone.
 
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”  —Mark Twain Continue reading “Financial Confidence From Knowledge: What You Don’t Know Can Hurt Your Returns”

Why Annuities Are Often Sold, Not Bought*

If you have substantial assets or suddenly come into money through inheritance or a divorce settlement, there’s a good chance that someone will try to sell you an annuity.  Annuities are highly complex investments that are marketed aggressively, often to individuals for whom they may not be appropriate. Investors usually don’t go looking for an annuity. Instead of being sought, these investments are sold. Continue reading “Why Annuities Are Often Sold, Not Bought*”

Understand Medicare to Get the Most Out of It*

During their entire working lives, Americans pay into the Medicare system, yet many fail to understand the basics of how it works and how to use it.

Medicare is government-sponsored health insurance for Americans 65 and older. As with any insurance, the goal is to get the most out of it for the lowest cost. Medicare is a complex, often confusing system that involves choices that users must understand to configure the right coverage for their needs.

By the time you reach the Medicare eligibility age of 65, you may find that you need regular medical care for one or more conditions. This is particularly the case with the 23 million American women who are 65 or older. Women tend to have more chronic conditions than men and, because they live longer, their care lasts longer. Yet, because they earn less than men, women have fewer resources to pay it, so using Medicare advantageously is especially important for women.

Read the December 3, 2014 Financially Empowering Women(FEW) column to learn more.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column December 3, 2014

* Part of the Financially Empowering Women™ news columns