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.
could put an end to inherited IRAs for non-spousal beneficiaries 01-02-17
PITTSBURGH — Retirement
accounts and estate plans may soon be taking a major hit from the
IRS, if Congress decides early next year to change the rules on a
tax strategy involving inherited IRAs that many affluent families
have used to their advantage for years.
MarksJarvis: In 2016 stocks were hot, but bonds were not 01-02-17
2016 was a delightful
year for almost anyone with money in the U.S. stock market and cruel
to people who thought they’d be safe with bonds.
expert: 2017 will be ‘great unknown’ for markets 01-02-17
CHICAGO — Since Donald
Trump won the presidential election, the stock market has been on a
tear and bond investors have been losing money.
US middle class perseveres despite economic perils 12-26-16
MINNEAPOLIS — Money’s
tight for Curtis Griesel, mostly because of the costs of health care
and college tuition, but he still considers himself middle class.
MarksJarvis: Home for the holidays? Talk with aging parents about
When you open the door
and greet your mother or father during the holidays, it’s probably
not a good idea to follow the hug with: "Gee, you’re looking
rise of sports TV costs and why your cable bill keeps going up 12-19-16
LOS ANGELES — Last
year, Americans collectively spent 31 billion hours watching sports
on TV — a 40 percent increase from a decade ago.
investing is no fad, financial experts say 12-12-16
BALTIMORE — Passive
investment strategies, which aim to match market benchmarks like the
Standard & Poor’s 500 rather than beating them, have been
gaining popularity for years.
holiday underway, lenders offer deals for car loans 12-12-16
PITTSBURGH — Car
dealers tend to offer their best deals right around the holidays,
and in recent weeks PNC Bank has been pushing the gas pedal on a
loan program that allows buyers to get pre-approved for a specified
loan limit and then go shopping for the car they want as if they
were cash buyers.
holiday overspending with tips from experts 12-05-16
Overspending at this time
of year can be a serious problem, leading to a holiday hangover in
January, when credit card bills are due.
sure you know what cracking that nest egg means 12-05-16
PHILADELPHIA — Your
retirement nest egg is just that: Money "surrounded by an
eggshell. It can only be broken open once," says retirement
expert Ed Slott.
Bogle: A savings innovation and philosophy that remain relevant 11-28-16
— John Clifton Bogle works in a sunny office lined with books,
piles of newspapers and research, paintings of Napoleon’s 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 — 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
— 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 he’s 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 Trump’s 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
aren’t big spenders or risk takers, and that’s going to reshape
the economy 10-24-16
— They’re known for bouncing around jobs, delaying marriage and
holing up in their parents’ basements.
lower-income students are drawn to for-profit schools 10-24-16
— 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
— 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 servicers’
— 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
There’s 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.