Category Archives: Divorce

Commentary: The Perils of a Cashless Society

Los Angeles Times – By Mikki Kendall Visa last year offered up to 50 small businesses a $10,000 bounty to go cashless. Though it is still too early to know what will happen to the businesses that won the contest (Visa has not announced the winners yet), the key arguments in favor of cash-abandonment are that it would lead to more efficient service and carry a lower risk of theft. A recent New York Times… Read More »

Millions of People Will Soon See Their Credit Scores Improve – At Least a Little

Kenneth R. Harney If you’ve heard that some people might get a magic boost to their FICO credit scores in the 10-point range — without having to do anything — that’s right. But hundreds of thousands of consumers’ increases will be much larger. According to a massive new study of 30 million credit files just completed by score developer FICO, many Americans will experience score bumps in the coming months, mainly modest increases of fewer… Read More »

Mid-Life Divorce and Retirement

Since 1990, the divorce rate among Americans over the age of 50 has doubled. If fact, one in four divorces now involves a couple in this age group. On top of the emotional impact of a long-term marriage ending, late-life divorces can have a devastating effect on financial well-being in retirement. Coming at a time when there is often more wealth to lose, there is also less time to rebuild assets. If you have friends… Read More »