Locally grown. Locally
sourced. These days it is all about going local. But what about
investing? Can a portfolio be locally sourced? Is it a good idea?
want to start a business, but don’t have the start-up money or the
collateral to ask the bank for a loan? And you don’t want to ask
friends or family? Do the next best thing — ask a stranger.
for your retirement
retirement plan on track? How do you know? According to a survey by
Employee Benefit Research Institute, 60 percent of Americans aren’t
sure they’re on track to retire successfully. Unfortunately, many
of them may be right.
credit card companies and financial institutions are becoming
smarter about protecting people’s personal information online,
credit card fraud and identity theft are still very real threats.
and managing money
millennials have been labeled with negative stereotypes like
materialistic and entitled, the reality is that crippling debt and
lack of employment opportunities have significantly impacted this
generation’s financial future.
this. You’ve been invited to a meeting; when you get there you
realize it’s the first meeting after your own death. You can’t
say anything. You can only observe. What do you see? Is your family
celebrating your life or are they sitting there helpless not knowing
what to do or whom to trust."
the hot seat
an aspiring entrepreneur seeking money from angel investors, you’d
better be prepared with a snappy pitch to get their attention.
Great Recession becoming a distant bad memory, people are once again
thinking about the future — including retirement planning.
But the recent economic
setbacks have left many wary of the market and the security of their
comes to wealth management, there are several ways good intentions
can go awry. Our panel of experts outlines five common mistakes and
advises how to avoid them. Knowledge is power, and in this case, it’s
up in Glendale with six siblings in a single-parent household, the
Bendfeldt sisters learned to be resourceful at an early age.
"We were forced to
be MacGyvers," says Amy Bendfeldt Barnum. "If there was
something we wanted, we had to get creative."
employment in today’s marketplace depends on the ability to offer
relevant skills, especially those considered "nonroutine
analytical," says Dennis Winters, chief economist for the
Wisconsin Department of Workforce Development.
us have financial goals, whether it is to retire at a reasonable
age, fund our children’s education, do some traveling or simply
manage debt. While overall plans haven’t changed, people’s
attitudes have gone through a period of adjustment — and that’s
occurring across all age groups, local industry experts say.
older Americans becoming renters 04-18-16
CHICAGO — Baby boomers
are altering the American Dream. After
having the home in the suburbs, the kids, the two cars, and maybe
even the picket fence, a growing number now want to ride elevators
to rental apartments and walk out the door to restaurants.
activity from 401(k) plans rising 04-18-16
— The temptation to take loans from a company 401(k) retirement
savings plan is apparently too hard to resist for some people even
after they’ve been warned of how dipping into that account can
knock their retirement plans off track.
hopes to keep alternative mortgage lender’s growth going 04-18-16
LOS ANGELES — LoanDepot
is less than a decade old, but it’s quickly become one of the
nation’s biggest mortgage firms — and it’s still growing.
MarksJarvis: It’s not too late to cut your taxes by opening an IRA
still time to cut your taxes before turning in your 2015 tax return
April 18. You
can open an IRA and get a tax deduction. In addition, that IRA will
help move you to where most Americans need to be — making more
progress accumulating the money they need for retirement.
and fees are fact of life in investment world 04-11-16
the fees and commissions charged by most traditional brokers and
investment advisers may seem like an insignificant amount to pay for
financial advice, those tiny 2 percent charges can add up over time
— swallowing a sizable chunk of what investors would have ended up
with at retirement.
money tip for every day of the week 04-04-16
We often associate
certain days of the week with particular activities. For example,
Monday is generally considered the start of the work week. Perhaps
Wednesday is the night your favorite show airs on TV, while Friday
— well, thank goodness it’s Friday.
student debt can teach college grad key a lesson 04-04-16
— Twenty-seven-year-old Leigh Hammel has a graduate degree and a
full-time job in one of the nation’s most vibrant metro areas. So
what’s not to like?
lenders drawing more scrutiny by regulators 03-28-16
ANGELES — Online lenders, led by San Francisco’s Lending Club,
have grown explosively over the last few years, lending billions to
consumers who can quickly get large sums by simply filling out a few
MarksJarvis: Many workers would trade raises for continued health
If you had to choose
between getting a raise and giving it up so you could keep the
health coverage you rely on at work, which would you take?
Adviser: Is wife liable for deceased husband’s debt? 03-28-16
My husband signed up for
a retail store credit card and was the only named user on the card.
Sadly, he passed away of lung cancer in July.
charge of finance can help African-Americans retire 03-28-16
— Among the country’s big Wall Street firms,
senior-level African-Americans financial advisers are
rare, says Ajamu Loving.
Journey: Planning to delay retirement? Here’s how. 03-21-16
Twenty percent of
pre-retirees made plans to postpone retirement last year, a new
survey shows, perhaps suggesting that work, savings and Social
Security make up the new three-legged stool of retirement.
Tompor: Tax refund fraud can happen again and again 03-21-16
theft is a scam that can hit you from all directions. And tax fraud
lightning can strike twice, too.
Robbins’ tips to live rich 03-21-16
Over the past few
decades, life and business strategist Tony Robbins has become a
household name. His boundless energy, determination and
philanthropic nature has made him one of the go-to experts on how to
have a fulfilling life and career.
MarksJarvis: College financial aid shifting toward the affluent,
study says 03-21-16
Are you getting gouged on
you come from a relatively low-income family, there’s a strong
chance you are. In fact, you may be subsidizing the education of a
student from an affluent family.
financial advisers age, customers worry about who will guide their
PITTSBURGH — In the
wealth management world where financial advisers are responsible for
handling trillions of dollars in client assets, a significant number
of industry veterans are either near or beyond retirement age.
Tompor: Ever give $500 to bail out a relative? You’re not alone 03-14-16
Whether it’s a hand up
or a handout, many families wouldn’t be able to pay the bills or
live as well as they do now without extra cash from mom and dad,
grandma or grandpa or a kindly aunt or uncle.
investments that shine brighter than gold 03-14-16
It has been a tough few
years for gold investors. Despite a recent uptick in gold prices,
the yellow metal is still dramatically cheaper than it was in 2012,
now selling at around $1,200 per ounce. Meanwhile,
other investments have outperformed gold, including the following:
MarksJarvis: Saver’s credit helps low-income taxpayers save for
As a piano teacher in
Knoxville, Tenn., Jeannine Hines has almost nothing saved for
retirement even though she’s 60. So she was relieved when a
financial planner told her Uncle Sam would give her money to save.
says ID theft from Get Transcript service worse than thought 03-07-16
About 685,000 taxpayers
will be getting letters from the Internal Revenue Service this week
warning that hackers may have stolen their tax information.
MarksJarvis: Career earnings of low-income graduates lag, study says
College is supposed to be
the great equalizer — the way to pull yourself out of a low-income
background and position yourself for a better shot at the American
does it work? Yes,
somewhat, but college is not as powerful as you might believe.
closing on Social Security strategy for baby boomers 03-07-16
CHICAGO — If you are
married, and you or your spouse will soon be 66 years old, you might
be able to increase your Social Security by thousands of dollars,
but there’s a catch: A popular strategy known as "file and
suspend" will be shut down for new participants after April 29.
‘skinny bundling’ your most watched networks save money? 02-29-16
PITTSBURGH — Chuck
Hoover and his wife pay more to Verizon every month not to subscribe
to its cable television.
the first thing you should do with your tax refund 02-29-16
Though tax season may be
daunting, there’s at least one thing about it you can look forward
to: the arrival of your tax refund.