Social Security: a Brief History and Concepts

Originally posted on Everyday Finance:
Social Security by Nick Schafer The modern program of Social Security was established on August 14, 1935, by Franklin D. Roosevelt when he signed the Social Security Act. The program was created as mandatory social insurance designed to pay retired workers over the age of 65 or older a continuing…

Are you mentally ready for your first credit card? Ask yourself these 3 questions before you apply.

This may seem obvious, but personal finance is called personal finance for a reason. It combines your personal life –your thoughts, emotions, habits, among other things, with your finances. Unfortunately, people tend to overlook the personal aspect when making financial decisions, and credit cards are no different. These questions will help assess your traits, andContinue reading “Are you mentally ready for your first credit card? Ask yourself these 3 questions before you apply.”

Why Investing Early (and Continually) Matters

A Tale of Two Cases By Nick Schafer We all have learned about compounding interest in our high school or college math classes (or from credit card balances), but few have recognized the power of it from an investing standpoint. Let me show you two cases to prove my point. Earl, a hardworking accountant, hasContinue reading “Why Investing Early (and Continually) Matters”

Social Security: a Brief History and Concepts

The modern program of Social Security was established on August 14, 1935, by Franklin D. Roosevelt when he signed the Social Security Act. The program was created as mandatory social insurance designed to pay retired workers over the age of 65 or older a continuing income after retirement. Social Security has evolved into becoming theContinue reading “Social Security: a Brief History and Concepts”