Each phase of life
comes with its own set of financial circumstances, goals and
necessities. The question is, how should we be spending, or
saving, our income as we move through different stages?
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 donít have the start-up money or the
collateral to ask the bank for a loan? And you donít want to ask
friends or family? Do the next best thing ó 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 arenít
sure theyíre on track to retire successfully. Unfortunately, many
of them may be right.
credit card companies and financial institutions are becoming
smarter about protecting peopleís 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
generationís financial future.
this. Youíve been invited to a meeting; when you get there you
realize itís the first meeting after your own death. You canít
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, youíd
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 ≠ó 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, itís
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 todayís 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 childrenís education, do some traveling or simply
manage debt. While overall plans havenít changed, peopleís
attitudes have gone through a period of adjustment ó and thatís
occurring across all age groups, local industry experts say.
Bogle: A savings innovation and philosophy that remain relevant 11-28-16
ó John Clifton Bogle works in a sunny office lined with books,
piles of newspapers and research, paintings of Napoleonís battles,
and Frederic Remington cowboy sculptures. At 87, he has slowed down
only a little.
advisers rely on the Monte Carlo method as the financial success
PITTSBURGH ó There are
a few common questions that many clients will eventually ask their
financial adviser to answer.
a will can be unpleasant, but it is time worth spending 11-14-16
ó Eighty-six-year-old Norman Clark saved up a tidy sum during his
career as an independent plumber before he retired following a stint
as chief plumbing inspector for Allegheny County in the Pittsburgh
region, and heís not about to be like some people he has heard
about who die without a will.
analysts caution investors after Trump victory 11-07-16
Stock analysts are
warning investors to take a deep breath and fight the inclination to
respond if the stock market tests their nerves Wednesday, as America
wakes up to Donald Trumpís stunning upset in the U.S. presidential
MarksJarvis: Workplace benefits of all stripes are becoming harder
to come by 11-07-16
Brace yourself for
another year of stinging health insurance costs. As
open enrollment periods begin in workplaces, workers are facing the
annual shock of rising health care costs.
Tompor: Cybersecurity threats getting harder to ignore 10-31-16
countries like China, Russia and North Korea becoming more
aggressive in cyberattacks, and everyday fraudsters upping their
game beyond the once easy-to-spot spam emails filled with bad
grammar, cybersecurity threats as a whole are growing more ominous
for individuals, small-business owners and large corporations.
you can save over $1,000 by not getting sick 10-31-16
"Getting sick is
expensive," said Dr. Rob Silverman. "The average adult
gets sick with a cold or other minor illness about three times a
year. Add up the lost wages, the various co-pays, and the cost of
over-the-counter remedies, and it can easily come to over $1,000 a
Journey: Test your retirement knowledge 10-31-16
do you really know about your retirement money? Chances are, not
new global financial literacy survey by the Organization for
Economic Co-operation and Development shows just 56 percent of
adults can answer five of seven basic questions about financial
arenít big spenders or risk takers, and thatís going to reshape
the economy 10-24-16
ó Theyíre known for bouncing around jobs, delaying marriage and
holing up in their parentsí basements.
lower-income students are drawn to for-profit schools 10-24-16
ó Richard Green graduated from high school 20 years ago, eager to
get a college degree in computer science and launch a career.
Tough act in money juggling 10-17-16
ó Every age group has its own financial challenges, but money
pressures seem especially plentiful for young, working parents.
protection bureau concerned by some student loan servicersí
ó Some student loans borrowers who are trying to get free of debt
sooner by paying a little extra each month or making a lump sum
payment toward the principal are discovering that companies
servicing their loans are making it harder to save money on interest
MarksJarvis: Questions linger for Clinton, Trump on retirement
Thereís been barely a
word from presidential candidates Hillary Clinton and Donald Trump
about some important issues that will affect your pocketbook.
MarksJarvis: As recession voices grow, check your exposure to stocks
chatter is back. After
skipping worrisome talk for a few months, a handful of respected
analysts again are trash-talking the economy and flinging wet
blankets at people oblivious to mounting risks.
is key for financial harmony between spouses 10-10-16
PITTSBURGH ó While
Pittsburgh-area residents Collin and Jasmine McHenry have never
imposed a limit on how much they can spend on a big-ticket item
without consulting each other, what they do have is an agreement on
how much each will contribute to the household budget each month.
number of credit approvals for car leases not necessarily a bad sign
PITTSBURGH ó Although
lending institutions have loosened up credit standards in recent
years for car leases and purchases, the number of people being
turned down for automobile leases due to poor credit has been
growing since the beginning of the year and hit its highest point in
August, according to a company that tracks that market.
warming up to mortgages again after housing crisis 10-03-16
If you want to buy a home
and go to a bank for a mortgage, you may get a warmer welcome than
people have received in years.
MarksJarvis: Liberal arts grads struggle with underemployment, study
Warning to college
students and millennials still trying to recover from the Great
Recession: About 44.5 percent of recent college graduates are
underemployed after settling for jobs that typically donít require
a college education.
a parentís financial help to children come in the form of a loan
or a gift? 09-26-16
PITTSBURGH ó Parents
often want to help their adult children who need a financial boost,
and it frequently comes down to a choice of whether the help should
be in the form of a gift or a loan.
MarksJarvis: Bank Black movement faces challenges 09-26-16
Lori Roper is planning
her wedding and preparing to put all the arrangements into place:
choosing the venue, ordering the cake, picking a dress, selecting
music and opening a checking account at an African-American owned
add convenience fee to those who put tuition on credit card 09-26-16
PITTSBURGH ó Not a lot
of people pay college tuition bills with a credit card. But some do
ó whether for convenience or to get those nice rewards points.
MarksJarvis: For financial advisers, sussing out fear moves to the
your financial adviser really know you? He
or she should. And Iím not talking about a handshake as you enter
the office followed by an exchange of pleasantries such as,
"How are the kids?"
couple wonder if retirement is but a dream 09-19-16
SEATTLE ó Saving for
retirement is a source of financial anxiety for 29 percent of
Americans, a recent survey by life insurer Northwestern Mutual
hello to two members of that 29 percent: Gail and Sid Ouattara, who
live outside Seattle.
MarksJarvis: Once considered safe, Ďsmartí funds may be dumb
could resist investments that are "smart"? They certainly
sound better than "dumb investments" or "idiotic