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.
look for ways to spur retirement savings
WASHINGTON — The race
is on to save Americans’ golden years. The
aging of baby boomers, the looming funding crisis for Social
Security and the meager size of many workers’ nest eggs — if
they have them at all — have spurred candidates, lawmakers and
experts to propose ways to boost retirement savings.
pitches employee loans as job benefit
SAN DIEGO — For the
past year and a half, Doug Farry has met with city councils,
chambers of commerce and corporate human resources managers, telling
them a hard truth: Many workers live paycheck to paycheck and
sometimes turn to payday lenders to get by.
a loan? Consider the risks
PITTSBURGH — Time and
time again, staff members at Advantage Credit Counseling in
Pittsburgh have seen parents and grandparents suffer the
consequences of financial ruin all because they co-signed a loan for
a child or grandchild who either could not pay back the debt or
simply refused to.
MarksJarvis: Going to college is worth it, study finds 07-04-16
A new study provides a
dramatic answer to the question nagging potential college students:
Is college worth it? The
short answer is yes, according to a study from the Georgetown
University Center on Education and the Workforce.
MarksJarvis: What the Brexit vote means for you: 8 key questions 06-27-16
Hold onto your hats.
The Dow Jones Industrial
Average closed down 611 points Friday on a volatile day as investors
worried about what the exit of the United Kingdom from the European
Union will mean to the economy and business.
conversation with Nathan Dungan, developer of Money Sanity U 06-27-16
MINNEAPOLIS — Nathan
Dungan started his career as a financial planner. But when a
colleague at financial services firm Thrivent suggested that he
develop a one-time workshop for families that have trouble talking
about money, it sparked something.
a start on paying for school 06-27-16
PITTSBURGH — About
halfway through high school, Raymond Buehner and Halle Celebrezze
came to terms with how expensive a college education would be and
the fact that a large share of the financial responsibility would
fall on their shoulders. Both began stashing away money from their
find mutual funds aren’t always tax-friendly 06-20-16
PITTSBURGH — Many
mutual fund investors were baffled this year to get a tax bill for
mutual funds they owned that may not have even earned any money last
year, and that has a lot to do with the disconnect between the way
mutual funds operate and the actual returns that shareholders reap.
MarksJarvis: Federal student loan servicing still a problem, GAO
report says 06-20-16
you can’t afford to pay your federal student loans, what should
you do? Call
your loan servicer and explain your predicament.
manager’s advice for those who want to prosper: ‘Don’t buy the
PITTSBURGH — The
clients whom wealth manager Gregory Curtis works with typically have
a net worth between $200 million and several billion dollars.
MarksJarvis: Your investment behavior could be costing you a fortune
Are you quick to pull the
trigger when you think the stock market is going to attack the money
you’ve worked so hard to amass?
Bank, other big banks get off the dime on smartphone payments 06-13-16
MINNEAPOLIS — U.S. Bank
and Bank of America got together this spring on a system that lets
people instantly pay money to a friend on a smartphone — with a
your calendar before going car shopping 06-13-16
PITTSBURGH — Black
Friday is known for being one of the busiest shopping days of the
year, with long lines and frenzied shoppers chasing early bird,
door-buster deals on everything from clothing and toys to big screen
historians, psychologists may help the ultrarich avoid squandering
MINNEAPOLIS — A new
breed of wealth consultant to America’s richest families is doing
more than pore over financial reports.
MarksJarvis: You’ve just graduated. Here’s how to handle $35,000
in student loans 06-06-16
If you’ve just finished
college and are heading to a new job, avoid the extremes.
In other words, don’t
panic about your student loans, but don’t ignore them either
before locking yourself into huge expenses like rent and car
Tompor: Will Google’s move banning payday loan ads be the end of
such loans? 05-30-16
grabbed headlines by announcing a ban on payday loan ads starting
July 13. Quick-fix
loans charging triple-digit rates seem to be viewed by Google and
others now with the same social stigma as other dangerous products
banned from advertising, such as cocaine, crystal meth and
wedding gift ideas under $40 that won’t make you look cheap 05-30-16
can take more than a year to plan and can cost more than many people
spend on a car. When it comes to spending a lot on a wedding, it’s
not just the bride, groom and their families who have to pony up —
guests often spend a lot on weddings as well,
MarksJarvis: Despite new SEC rules, investors should see
crowdfunding as gambling, not investing
Just as news stories
exposed concerns about the inner workings of LendingClub, the U.S.
government has been opening the door for Americans from virtually
any income level to dabble in the speculative world of crowdfunding.
a closer look at that ATM — are you about to be skimmed?
CHICAGO — As a computer
security researcher, Steve Manzuik says he’s "a little more
paranoid" than the average person when it comes to his credit
and debit cards.
participating more in stock investing, study shows 05-23-16
WASHINGTON — When John
Rocca began earning enough money to start socking some away for
retirement about 10 years ago, he took a time-honored approach to
investing: hiring a broker from a large investment bank.
consequences of a $15 minimum wage 05-16-16
WASHINGTON — Exhaustive
research over the past few decades suggests raising the minimum wage
has little negative impact on overall employment.
prepaid cards you should, and shouldn’t, have in your wallet 05-16-16
With nearly 10 million
U.S. households "unbanked" — meaning they have no
checking or savings accounts — prepaid cards have become a
relatively safe alternative to help consumers manage their money.
MarksJarvis: Research debunks notion that debt-laden grads won’t
be buying homes 05-16-16
Is college debt truly
keeping a generation of young adults from buying homes?
That’s been the
popular storyline as people in their 20s have shunned the housing
market since the housing crash.
worry about attaining middle-class, saving for retirement 05-09-16
— As a first generation college graduate, 24-year-old Ciera Young
has wondered whether her bachelor’s degree gives her an edge or
puts her at a disadvantage when she considers that she has no
savings, no car and is obligated to repay student debt while trying
to get a foothold in the job sector.