personalfinance.gif (15885 bytes)

Business Page






On a budget
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?

Local Investing
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?

Crowdfunding as collateral
So you 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. 

Planning for your retirement
Is your 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 hacking
Although 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.
Millennials and managing money
While 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.
Estate essentials
"Picture 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." 
In the hot seat
If you’re an aspiring entrepreneur seeking money from angel investors, you’d better be prepared with a snappy pitch to get their attention.
The new normal
With the 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 retirement investments.
Fiscal fitness
When it 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 profitable.

Creative Sisterhood
Growing 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."
Hot jobs
Gaining 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.

Managing your wealth
Most of 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.

Why you need a financial plan for your money — and happiness 04-17-17
SAN DIEGO — A marriage destroyed because a husband paid for a pool in the backyard, nice cars and frequent dinners at restaurants — money he should have been squirreling away for his son’s college tuition.
Gail MarksJarvis: Borrowers must fight for themselves as student loan reforms are rolled back 04-17-17
Message to people wondering how they are ever going to handle all their student loans: Be tough. Pay up. Don’t expect the federal government to play Mr. Nice Guy.
Despite high fees, customers see check cashers as part of community 04-17-17
BALTIMORE — From behind the Plexiglas window at the back of his Brooklyn Park shop, Charlie Ward spotted one of his regular customers coming toward him.
Gail MarksJarvis: Filing for an extension on your taxes doesn’t necessarily mean an audit  04-10-17
Taxes are due April 18.
What should you do if you can’t finish your tax return on time or if you don’t have the money to pay your taxes now?
As millennials ‘Venmo’ each other money, banks fight back with their own mobile apps  04-10-17
Odds are, you’ve at least heard of Venmo, but there’s also a good chance you haven’t used the mobile app or anything else like it to send money to family or friends.
Car owners tap into sharing economy to help offset costs  04-03-17
BALTIMORE — A couple of times a month, Baltimore resident Patrick Campbell hands the keys to his BMW 335is two-door coupe over to a stranger to drive for a few days.
Gail MarksJarvis: Students selecting a college increasingly consider long-term job prospects, debt 04-03-17
It had to come to this. For years, high school seniors hoping to go to college in the fall fixated on getting into their dream college. But that’s changed. 
Companies behind health savings accounts could bank on big profits under GOP plan 03-27-17
Health savings accounts are poised for a major expansion by Republicans in Washington, D.C., and that could mean millions more customers — and fees — flowing to a handful of companies.
Gail MarksJarvis: Will you have enough? Only 18 percent very confident about their retirement savings 03-27-17
Meet the worriers — the people who are afraid they won’t ever be able to retire or that they will run out of money too early in retirement.
What’s the future of money? This payment firm is connecting the dots 03-20-17
DALLAS — Bruce Parker’s obsession is an invisible technology that you use each day but rarely think about: payment systems that shuffle money around after you swipe your credit card, reimburse your friend through an app or make an online purchase.
Gail MarksJarvis: Fed’s rate hike likely won’t end the bull market for stocks 03-20-17
When interest rates are rising, people with money in stocks sometimes worry.
After all, there is an old Wall Street adage: "Three steps and a stumble." It means watch out after the Federal Reserve raises interest rates three times, because stocks are likely to become losers.
Fixed index annuities: ‘Magical’ or ‘unsuitable’? 03-20-17
PHILADELPHIA — That night, like most nights, Phillip J. Cannella III warned that the financial world was at the brink of a massive meltdown, one that would wipe out savings and crush retirees.
Financial experts push tax season as prime time to start saving 03-13-17
BALTIMORE — April Bradley never imagined she’d be where she is today: picking out paint colors and furniture for a Baltimore rowhouse with her name on the property title.
What do you mean by a ‘long-term’ investment? 03-13-17
PITTSBURGH — The problem is "long-term" means different things to different people.
For some investors, a time horizon of one or two years could be considered long term. Another investor may consider long term to mean a holding period of 20 years or more.
Gail MarksJarvis: VA lending turns in a record year 03-13-17
If James Pickett had to come up with thousands of dollars for a down payment to buy a house, he’d still be renting.
Single mom struggles to manage debts 03-06-17
SEATTLE — Kiera Mann is a hardworking professional who loves her job as an operations manager at the office of an international logistics and transportation company.
Gail MarksJarvis: Price war among brokerages offers opportunity for investors 03-06-17
Have I got a deal for you. It comes to you via a brutal battle that will help make you richer while brokers slug each other in a fight for your business.
Gail MarksJarvis: Recent college grads now more likely to have good jobs, opportunity 02-20-17
The college graduate underemployment epidemic is easing. And the stereotypical image of young people stuck in parents’ basements, working as baristas at Starbucks and wondering why they burdened themselves with $30,000 in student loan debt is becoming outdated.
Internet users put private data at risk using sloppy practices 02-20-17
Many Americans don’t trust companies or institutions — particularly the federal government and social media sites — to protect their personal information.
Thanks to recession, millennials trail their boomer parents financially 02-20-17
CHICAGO — When Julius Givens moved to Chicago after graduating from college in 2013, he spent six months delivering sandwiches by bicycle while living with two other roommates in a studio apartment.
Gail MarksJarvis: Why you don’t need Warren Buffett to get your finances in order 02-20-17
You don’t have to be Warren Buffett to be richer.
Nor do you need to have him hold your hand to get there. Yet, a recent study shows most Americans are deeply uncertain about handling their money, and they’d like Warren Buffett to help them figure it out.
Gail MarksJarvis: Millennials: Here’s how to jump-start your saving habits 02-13-17
If you’re in your 20s or 30s there’s a strong chance that you are getting puny paychecks that never seem to stretch far enough, and you may look at everything your baby boomer parents have and wonder if you’ll ever catch up.
7 new or improved tax breaks for 2017 02-13-17
Have you done your taxes yet? Your W-2s or 1099s probably have started to trickle in with the mail over the past few weeks. You might also be in the process of gathering the right receipts and pertinent statements.
How establishing an emergency fund could help manage debts, boost saving 02-06-17
SEATTLE — Seattle’s soaring home prices drove renters Kathryn Jacoby and Jeff Whitehill to a sobering conclusion last summer: If they didn’t buy a house before prices rose higher, they could never afford to own a home in the city.
New fiduciary rules have financial advisors training, retiring 01-30-17
PITTSBURGH — As head of the largest independently owned financial advising firm in the Pittsburgh region, managing billions of dollars in clients’ money, Kimberly Fleming is feeling the weight of responsibility to get her staff trained on procedures to meet sweeping rules the federal government plans to impose in April.
Gail MarksJarvis: Think you missed the Dow 20,000 party? If you have a 401(k), you likely benefited 01-30-17
Do you have Dow 20,000 envy? Take heart, you might be richer than you think. You may have wished during all the hype over the Dow Jones industrial average hitting 20,000 that you had been buying stocks.



bottomcorner2.gif (430 bytes)