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.
Yip: If you get this letter from the IRS, it's legit 03-30-15
concerned about identity theft during income tax-filing season sent
me a copy of what they thought was questionable correspondence from
MarksJarvis: Few bargains to be found in foreign funds 03-30-15
so obvious. Smart
investing means looking for bargains and buying the type of stocks
and stock funds that are cheaper than others. On that basis, you
might assume that buying a foreign fund now would be just the
bargain you should seek.
Tompor: What should real filers do when hit by tax-ID fraud? 03-23-15
you do if fraudsters already filed a tax return using your ID?
Itís a question thatís
popping up now in the middle of tax season. The con artists
typically steal ID and then file fake returns in January.
Home Economist: Retail therapy: Does it work?
the spa and retail director for The Ritz-Carlton, South Beach, in
Miami Beach, Fla., William Arango has made a profession of helping
people pick themselves up after traveling though one of lifeís
college help, even savings plans, could end up hurting students 03-23-15
want the best for their grandchildren, but sometimes their good
intentions can wreak havoc with a studentís financial aid package.
MarksJarvis: Financial advisers strengthen focus on attracting
female clients 03-16-15
swarming around women and trying to perfect their pickup lines.
Financial advisers want
women clients, and consultants are busy suggesting ways to woo them.
Journey: How to find a financial adviser you can trust 03-16-15
Q: It was
with great interest that I read your recent article on free
retirement-planning dinners. Iím a retired Miami-Dade policeman,
and have turned down three dinner invitations from financial
planning services recently because I was suspicious they were just
Smart: How to choose a financial adviser who's right for you 03-09-15
financial advisers are riddled with conflicts of interest, making
extra cash for themselves when they put your money in bad
family struggles on one paycheck 03-09-15
WAY, Wash. ó The gut-wrenching financial crisis of 2008 and the
Great Recession remain fresh memories for Seattle-area couple Meg
and Jesse Dutcher.
MarksJarvis: Investing in 'unloved' mutual funds requires caution,
people pick mutual funds, they are usually overwhelmed by the
choices and often make the mistake of judging them as they would a
families bringing the generations under one roof 03-02-15
ó At 80 years old, Jack Beiber loves having his family back under
one roof. His
two grown daughters help buy groceries and cook meals.
gas prices have increased convenience store snacking 02-23-15
ó For hungry drivers like Whitney Scott, the current below-average
gas prices offer a measure of freedom.
Smart: Teaching children the value of a dollar 02-23-15
parentís worst fears is that their child will grow up to be
spoiled, probably because it reflects on the quality of parenting,
as all children are presumably born unspoiled.
retirees fear dramatic pension cuts under new federal law 02-23-15
Ohio ó Bill Hendershot and his wife live on his union pension and
Social Security. Hendershot, a retired long-distance truck driver,
gets around now in a 12-year-old Toyota Corolla. The couple still
pay a mortgage on their home.
set to take over US credit cards this year 02-16-15
CITY, Mo. ó American shoppers, adept at swiping the stripe, soon
will learn to dip the chip in malls and strip centers across the
MarksJarvis: Money anxiety continues to take a toll on Americans 02-16-15
the jobs massacre of 2008 and 2009 has come to an end and people are
seeing the value of their homes and 401(k)s shoot up, Americans
remain seriously stressed over money.
Savage: 5 things to know about mortgage refinancing 02-09-15
is likely the largest investment you will make in your lifetime, and
the interest you pay on your home mortgage over the years could more
than double the purchase price.
car loans popular but pricey in long run 02-09-15
ó Martez Hinton has his eye on buying a black 2015 Dodge Charger
around September, if things work out.
Yip: Struggle to save for retirement not limited to US 02-02-15
not alone. This
isnít a declaration that Iíve discovered extraterrestrial life
on another planet. Iím talking about a more down-to-earth
MarksJarvis: Taxpayer clinics help fill void left by IRS budget cuts
you donít have any questions when you try to figure out your taxes
this year. If
you need help and try to call the IRS, you will probably wait on the
phone for at least 30 minutes and then fail to get much of an
Journey: What to consider before consolidating retirement accounts 02-02-15
I put all my retirement accounts with one brokerage/financial firm?
I have two accounts at one firm out of town, and a recently
inherited account with another firm here in my hometown.
Yip: Yes, tax filing gets more complicated the year 01-26-15
your federal income taxes this year will be most interesting.
Thatís because this is
the first time Americans will experience the complex connections
between the Affordable Care Act and taxes.
Smart: Got an hour? Tackle these money tasks 01-26-15
read all the New Yearís resolution money-advice articles with
their suggestions, sometimes trite, "Skip your morning coffee
and save a fortune!" and sometimes vague, "Spend less than
started: Spending choices that offer most bang for your buck 01-26-15
pulling together your budget for 2015 or have made "spend
less" one of your New Yearís resolutions, consider this tip:
Rather than simply cut back on dinners out or trips to the mall,
think instead about how to spend more meaningfully.
software changes spark free offer from H&R Block 01-19-15
CITY, Mo. ó This yearís tax wars between H&R Block and
TurboTax maker Intuit have erupted over their competing software
packages and filersí access to mundane forms.
MarksJarvis: Many college freshman clueless about debt load 01-19-15
high school seniors decide in the next couple of months what college
they will attend, most will be flying blind about what their
decision will cost them next year or 10 years later.
grapple with retirement strategies 01-12-15
ó At 64 years old, Bob Mock has worked as a self-employed skating
instructor for nearly 40 years, and he has no plans to slow down.
Journey: How to find a financial planner if you're not wealthy 01-12-15
Q: I am a
72-year-old senior, and a lot of my friends have financial planners.
They donít live in my area and have more money than I do, but they
seem to think itís very wise to have a planner.
tips may yield tax savings 01-05-15
ó The end of the year may be a busy time of gathering and
celebrating, but financial advisers say itís also a crucial period
for tax planning when a few low-stress and timely moves could end up
paying off come April 15.
Yip: Check out charities before donating to them 01-05-15
holiday season beckons us to show others extra-special kindness,
especially when it comes to organizations that help the less