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Even before the Affordable Care Act was implemented in 2010, health insurance premiums have been increasing at a faster rate than earned income. Individuals and families are feeling the pressure of inflating medical costs as healthcare becomes our country’s largest federal expenditure.

The previous 2 parts of this blog focused on the decision on debt before you have taken it on.  Many get confused by trying to use the same principles to decide how to treat debt they are already carrying.  Whether it was a good idea or bad idea to take on the debt initially is not a factor in how to maintain it. 

We have heard a lot of chatter recently about the Federal Reserve’s timing on the increase of their federal funds target rate.  The media and many investors have been anticipating this increase for a while now. However, in September 2015, the Federal Reserve agreed to leave the rate unchanged. 

Many people see debt as a four letter word and yet others consider it part of life.  Debt is a funny thing in that while it has derailed so many people’s lives there are others that have used it to generate tremendous success.  The key is in understanding the difference between good and bad debt.

I often times get asked the question “How do I make my money last for the rest of my life, especially if I live a long life”? This is a critical, personalized question, and especially crucial for women. Women generally live longer than men, so if a family runs out of money, it impacts the women most.