How many credit card accounts do you think the average person should have? Dr. James Philpot, certified financial planner and associate professor in the department of finance, economics and risk management at Missouri State University, answers this question on WalletHub. … [Read more...] about What’s a good number of credit cards to have?
Over the past year, American inflation has dropped from 9% to 3%. In August, Dr. Jeremy Siegel, Wharton professor emeritus of finance, expressed confidence the United States will not face a surge in inflation despite recent efforts to tighten monetary policy. But will consumers see financial relief from higher costs? Inflation and prices Unfortunately not, according to … [Read more...] about Understanding the dynamics between inflation and price stability
Certified financial planner Dr. James Philpot talks about annuities on the Annuity.org Podcast. Philpot is also an associate professor in the department of finance, economics and risk management at Missouri State University. Interest Rates Make Annuities Attractive for People Near Retirement – Philpot discusses how rising inflation rates and interest rates … [Read more...] about Get a better understanding of annuities
Umbrella insurance is a type of insurance coverage that extends the liability insurance from an auto or homeowner’s insurance policy to cover more situations with higher limits. Who should purchase it and how should people choose their coverage limits? Dr. James Philpot, certified financial planner and associate professor in the department of finance, economics and risk … [Read more...] about What is umbrella insurance?
Bankruptcy is a legal process designed to provide debt relief to individuals, businesses and other entities struggling with overwhelming debt. This process allows debtors to reorganize their financial affairs and obtain a fresh start, while also providing protection from creditors. While bankruptcy can be a complex and difficult process, it can also be a valuable tool for … [Read more...] about What you should know about bankruptcy