To have a credit card or not? Though some people open credit cards without hesitation, others are scared of the potential for running up unwanted or unnecessary debt. While a credit card can provide several opportunities, it is crucial that solid discipline is exercised. When you consider opening a credit card, it may help you to keep the following tips in mind.

Every year millions of workers who are either retiring or changing jobs struggle with a difficult decision regarding their old employer’s 401(k). They know they don’t want to cash in their account because of the income taxes, and potential penalties. But they’re unsure whether to leave their money in the old 401(k) plan, roll it into a new employer’s defined-contribution plan if available, or roll it over into an individual retirement account. Each option has its benefits and disadvantages, depending on their situation.

You’re leaving your current employer because you’ve got a new job, but it may be some time before you get your first paycheck from your new employer. Or perhaps you’ve become a victim of downsizing, and are just now beginning a job search. In either case, you might be facing a short-term cash crunch. When you review the options available to you for your existing 401(k) plan, “cashing out” your vested 401(k) balance might seem like the perfect solution.

Imagine not having any discussions about money until after you are married. Who is paying which bills? What kind of monthly budget will you plan to stick to? How much debt have you brought into the marriage from credit cards or student loans that may impact your ability to purchase a home together? How much do you plan to save for retirement? Will you join your assets or leave everything separate?

Not talking about money is the number two reason couples divorce according to Marriage.com. But couples who discuss money matters regularly act as a team and report greater levels of satisfaction with their partners. In today’s episode, Kathleen and Julie Lawrence, CFP®, examine the myth that couples don’t need to talk about finances before getting married. Listen in and learn some tips for talking about money with your honey!

Last week a long-time client contacted me to let me know there had been a fire in her rental home. This fire destroyed most of the inside of the house and almost all of her family’s belongings. They are now living in a hotel.