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 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.
sure your retirement savings last as long as you do 08-07-17
PITTSBURGH — Target
date mutual funds have become the answer to a problem many
retirement savers face in a world that has shifted the burden of
managing retirement assets from corporations to workers who don’t
always have the time or knowledge to be effective money managers.
MarksJarvis: Why some employers are becoming more generous with
retirement savings plans 08-07-17
an effort to recruit employees in competitive fields and help
motivate older workers to leave the workplace when they hit
retirement age, companies are becoming more generous with their
retirement savings plans.
the score?: People getting credit scores may not understand them 07-31-17
— Phoenix resident Elizabeth Medora didn’t know her credit score
until a credit card company gave her a credit tracker a few years
ago, and even then she didn’t think much about it.
online? Think twice before storing your card information, experts
millions of online shoppers can attest, it sure is convenient to let
websites store credit and debit card numbers so the data can be
"auto-filled " on the next visit.
all consumers really want to go cashless? Some businesses not so
— Cash is still king, but Visa Inc. is trying mightily to dethrone
electronic payments giant unveiled a campaign this month aimed at
enticing small restaurant owners to stop accepting cash.
young people should plan early for retirement 07-24-17
last thing many young people want to do with their paychecks is
sacrifice part of them for a retirement account, even though tiny
contributions made at an early age are all but guaranteed to
multiply many times as the years go by.
MarksJarvis: Savvy saving: 4 ways to snag the highest interest rates
long last, banks are becoming a little more generous with savers.
But the emphasis here is
on "a little." If you have been looking around for higher
interest rates, you’ll be able to find an appetizer now, but not a
safe haven of bonds made riskier by ETFs 07-24-17
have always appealed to conservative investors looking for a safe
place to park money while receiving a steady and predictable return.
car payments drive rise in fixed-loan delinquencies 07-24-17
prices of new and used cars keep rising every year, which means
consumers are borrowing more to make the purchases — and the
monthly payments for cars and car-related expenses are squeezing
many households budgets to the maximum.
investors looking beyond US borders, as other markets rise 07-17-17
PITTSBURGH — There
really is no place like home and many investors tend to keep their
investment strategies heavily weighted toward U.S. company stocks.
Something that falls within their comfort zone feels like a safer
credit score soon will get a buffer from medical-debt wrecks 07-17-17
For many consumers, an
unexpected health care calamity can quickly burgeon into a financial
lists 10 common frauds targeting consumers and ways to avoid falling
for them 07-17-17
Scam artists have become
increasingly sophisticated over the years, but remembering a few
simple rules can be surprisingly effective at keeping your money
MarksJarvis: How to put your financial life back together after
defaulting on student loans 07-10-17
you’ve defaulted on your student loans and are hiding from calls
from debt collectors, your future doesn’t have to remain bleak.
boomerang kids move home, boomers’ health and wallets suffer 07-10-17
— "Boomerang" kids returning home? Get ready for stress
estate investment trusts offer investing alternative 07-03-17
— The average investor isn’t going to buy into a shopping mall
or an apartment building. But investing in real estate can be a
useful way to diversify a portfolio.
marriage, couple must sort through their financial priorities 07-03-17
SEATTLE — After
deciding to get married in July, Suzie Kwon and Kevin Driscoll
started thinking about combining their money, and their talk soon
turned to shared dreams and obligations.
app Acorns doesn’t want savings to be a ‘bummer,’ so just give
it your spare change 07-03-17
ANGELES — It’s a common refrain: If you want to save money for
retirement or a down payment for a house, stop buying pricey coffee.
Or there’s the more recent admonition: Lay off the avocado toast.
MarksJarvis: Dogged by a bad credit score? Here’s why relief could
be on the way 07-03-17
who are dogged by poor credit scores — and have trouble getting
credit cards or loans as a result — will soon get some relief.
of insulin is just one hurdle for seniors with diabetes 06-26-17
PITTSBURGH — Dolores
Suvak retired from her job as a high school English teacher in the
Woodland Hills School District in 2006 with a generous retirement
package that included an additional 10 years of health coverage
under her school employees’ plan.
MarksJarvis: Paying off student loans? Avoid these four deadly
college debt sins 06-26-17
If you’ve just finished
college and are spooked by your student loans, you probably don’t
have to be. Assuming
you haven’t already committed a big student loan borrowing
mistake, like piling up loans without finishing college or borrowing
extensively from private lenders rather than the federal government,
there’s no rush to pay off your loans.
MarksJarvis: Budgeting for retirement? Plan on spending an
eye-popping amount on health care 06-19-17
quick look at your retirement savings and estimated Social Security
payments may convince you that you’re well-prepared to retire.
split the millennial generation into haves and have-nots 06-12-17
MINNEAPOLIS — Heather
Axtman was a senior in college in 2006 when she landed an internship
at Thomson Reuters. By the time she graduated from the University of
Minnesota, the company had offered her a full-time job.
MarksJarvis: Planning to work past retirement? Here’s why that
idea could be a bust 06-12-17
Baby boomers with paltry
401(k)s and IRAs are vowing to work forever, or at least, past
traditional retirement age. But a new report says a crowded labor
market will limit their ability to amass the savings they need even
if they do work long past 65.
basic income would pay everyone to improve quality of life 06-12-17
SAN JOSE, Calif. — With
an impending robot revolution expected to leave a trail of
unemployment, some Silicon Valley tech leaders think they have a
remedy to a future with fewer jobs: free money for all.