David Lerner Associates: New Card Chip Technology Questions
This month the U.S. is instituting the new EMV (Europay, MasterCard and Visa) chip technology in credit and debit cards to help stem the tide of fraud and identity theft that results from hacking and security breaches.
David Lerner Associates: Don't Overlook These Tax Deductions and Credits
Tax time is right around the corner. Now is the time to start getting all your tax materials and paperwork in order so you won't be scrambling the week before April 15.
Taking On Your Debt
The average American is swimming in debt, from student loans to credit cards, mortgages, and so on.
David Lerner Associates: Gender Differences- does it cost more to be a woman?
Does it cost more money to be a woman in the U.S. today than it does to be a man? A study conducted earlier this year by the FINRA Education Institute suggests that in a couple of areas the answer may be yes.
David Lerner Associates: Common Money Management Mistakes to Avoid
Most people try to avoid making major mistakes when it comes to managing their money. But we’re all human, and even the most savvy money managers and budgeters aren’t immune from making a few money management blunders.
David Lerner Associates: Life Without Credit Cards: Is It Possible?
Credit cards have become such an ingrained part of financial life in 21st century America that it's hard to imagine living without one.
David Lerner Associates: Four Credit Tips for Seniors
Some seniors mistakenly believe that since they are older and perhaps in retirement it is not as important to maintain a strong credit score as it was when they were younger and still working. But this couldn't be further from the truth.
David Lerner Associates: How to Spot Signs of a Credit Card Fraud Offer
The recent major data security breach at Target brought the topic of debit and credit card fraud front and center. But this type of fraud isn't limited to just the theft of sensitive data from cards.
David Lerner Associates: Managing Money and Marriage
Planning carefully and communicating clearly with your spouse are important, because the financial decisions that you make now can have a lasting impact on your future.
David Lerner Associates: Holiday Credit Card Fraud Alert
The 2015 holiday shopping season is almost upon us. Here are some tips to help avoid credit card fraud and keep your financial data secure this holiday season.
David Lerner Associates: Credit Traps for the Unwary
It's hard to imagine functioning in today's society without access to credit. However, one has to be careful not to fall victim to some of the pitfalls associated with it.
David Lerner Associates: Fighting Fraud And Identity Theft with New Technology
Retailers are finally stepping up their game. The United States in in the process of replacing its current 'swipe and sign' card technology with a more secure technology called EMV, which is short for Europay Mastercard and Visa.
David Lerner Associates: New Chip Technology in the News
The data breaches at major retailers in the U.S. have increased in recent years. As a way to counteract these data breaches, many U.S. credit card companies have started implementing a more secure chip-card technology called EMV (which is short for Europay, Mastercard, and Visa)
David Lerner Associates: Your Credit Profile
Your credit profile can make a big difference in your financial life, not only for a major purchase like a home or car, but also for college loans, credit card terms and insurance premiums.
David Lerner Associates: Indexed Universal Life Insurance
There are several types of life insurance - one that you may not be so familiar with is called Indexed Universal Life Insurance. (IUL)
David Lerner Associates: Coping with Fraud and Identity Theft
Whether they're snatching your purse, diving into dumpsters, stealing mail, or hacking into computers, identify thieves are a reality and can cause havoc with your financial life.
David Lerner Associates: Education Tax Credits
Summer is most often thought of as a time for fun and relaxation. If your child is one of the 21 million heading to college in the fall it's also likely to be a time for financial planning. There is one aspect that could lighten the load - education tax credits.
David Lerner Associates: How to Deal with Student Loans
Many people who borrow money to get a higher education vaguely remember signing a piece of paper every year at college registration time. Repaying student loans as quickly and easily as possible is the best way to move forward into a more secure, less stressful future.
David Lerner Associates: Credit Card Pitfalls
Every year in October bankers visit local classrooms on National Get Smart about Credit Day. The idea is to educate kids about the "credit facts of life."
David Lerner Associates: Three Steps to Help Prevent Financial Fraud over the Holiday Season
International Fraud Awareness Week aims to minimize the impact of fraud by promoting anti-fraud awareness and education. Financial fraud has become a part of almost everyone's life.
David Lerner Associates: 5 Ways to Simplify Your Finances in 2016
Better health and fitness and an improved financial situation are on most Americans' minds at this time of the year. Simplifying your finances not only improves your situation, but it can also save time and relieve stress. It makes your goals easier to accomplish.
David Lerner Associates: How Interest Rate Hikes Affect Your Financial Well-Being
For the first time in nearly a decade, the Federal Reserve announced an interest rate increase - from zero percent to .25 percent immediately with more increases to come in 2016. That quarter percent might seem insignificant, but it is going to impact your finances.
David Lerner Associates: Saving or Paying Off Credit Card Debt
At this time of year you will see many experts offering advice on how to set goals for 2016. Most of them lay out a plan to tackle all the aspects of your financial well-being. In the best of all possible worlds, this would be ideal. However, for many Americans it's more realistic to take on one goal at a time.
David Lerner Associates: Financial Wellness Basics
Ask one hundred people, and you're sure to find that the great majority of them would agree. We all want more stable finances. We all want what is now being referred to as "Financial Wellness." We aren't talking about the difference between wealth and poverty here. We aren't talking about hand-to-mouth versus upper affluent income brackets. We're talking about a quality of life and a healthy financial life.
David Lerner Associates: Finances, Health, and Credit Can Affect Your Love Life
A recent survey by Nerdwallet showed that 60 percent of women ranked a potential partner's financial situation as important to them. Almost half (44 percent) feel that financial responsibility is more important than attractiveness in a romantic partner. This applies to men too, although the numbers differ according to age groups.
David Lerner Associates: Money Smart Tips for Credit Card Debt
38 percent of all American households carry some credit card debt and the average for balance carrying households is $15,779. Americans between 45 and 54 years old appear to have the highest balances of any age group. Credit card debt is not a good idea at any age, but when you're getting close to retirement it could be a significant barrier to future financial security.
David Lerner Associates: Money Smart Tips for Credit Card Debt [INFOGRAPHIC]
38 percent of American households carry some credit card debt. Americans between 45 and 54 years old have the highest balances of any age group. When you're getting close to retirement, this debt could be a significant barrier to future financial security.
David Lerner Associates: Monopoly and Financial Literacy
Playing Monopoly on game night has been a part of almost every American household for decades. One of the benefits of playing the board game was the financial literacy learning that took place. Now the game is being updated to reflect the current financial landscape - all transactions will be done via debit or credit card.
Credit Card Debt on the Rise in America
Even though America's economy is in somewhat better condition now, studies show that credit card debt is at the highest level since 2008. Based on data from the Federal Reserve, outstanding credit card debt is set to hit $1 trillion in 2016. This indicates that consumers are reverting to pre-recession spending patterns.
How to Manage Credit Card Debt
American Credit Card Debt Statistics now show that the average American household debt is over $5,500. The average for balance-carrying households is over $16,000 with a total outstanding U.S. consumer debt of $3.4 trillion.
Financial Lessons for College Students
Almost 2 million students are expected to graduate this year, and according to some reports they'll be entering a very positive job market. Along with many other freedoms graduates will experience once they end their school career, they will also have to manage their own finances, probably for the first time.
Death and Debt
The death of a spouse is heartbreaking and something that no one really wants to think about. Unfortunately, it is something that needs to be considered and a plan put in place to ease the major adjustment in one's life. The surviving spouse faces more than just overwhelming emotions - he or she may also face the challenge of handling a loved one's outstanding debts.
3 Steps to Eliminate Credit Card Debt
When it comes to debt, it can be debated whether there is such a thing as "good" or "bad" debt. Either way, eliminating credit card debt is always a good idea. Consider these three steps for getting out of credit card debt.
Tips for Smart Personal Finance
Whether you're playing catch up on retirement savings or working to eliminate debt, it pays to be financially savvy. Here are some tips to point you in the direction of smart personal finance decisions.
What To Do If You Are Hacked
November is Cyber Security Awareness Month. Hackers have exposed the personal information of 110 million Americans (roughly half of the nation's adults) in the last 12 months alone. That massive number is even more concerning by the amount of hacked accounts - up to 432 million.
Holiday Season and Credit Card Mistakes
With the holidays upon us it is always tempting to take advantage of those specials being offered by stores this time of year but without some good sense monitoring your credit card activity there are some dangerous blunders that can be made.
How to Eliminate Credit Card Debt
Being saddled with credit card is never a good thing, especially when you're only paying your minimums, hardly touching your principal, and just getting by every month.