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.
MarksJarvis: Millennials: Saving $1 million is easier than you think
Could you save $1 million
over a lifetime? Millennials
seem to think becoming a millionaire is completely out of the
question. But many of them are wrong and are already blundering
their way toward $1 million without realizing it. With a little more
attention to handling their money, many could end up much better off
than their parents.
the FICO score still rules despite a new breed of credit scoring and
online lenders 08-08-16
For decades, the FICO
score has been the dominant metric for deciding whether a borrower
is creditworthy. When a borrower applies for a mortgage, a car loan
or a credit card, chances are that a FICO score is one of the first
things a lender looks at.
many colleges, application fees mean revenue 08-08-16
PITTSBURGH — August
officially kicks off college application season. Rising high school
seniors will begin inking their essays and submitting their grades
and test scores to more than 4,000 U.S. colleges and universities.
the kids grow up but don’t actually leave home 08-01-16
— The last thing Caitlin Hipp would have expected as she prepares
to turn 28 years old next month was to be living at home with her
MarksJarvis: Law professor points out the holes in your retirement
feel insecure. One
reason is that their 401(k)s look too empty. As people peer into the
contents, they see a retirement disaster coming. Even after years of
working and saving, people just 10 years away from retirement age
have accumulated little.
MarksJarvis: Law professor points out the holes in your retirement
Americans feel insecure.
One reason is that their
401(k)s look too empty. As people peer into the contents, they see a
retirement disaster coming. Even after years of working and saving,
people just 10 years away from retirement age have accumulated
states weigh action to help people save for retirement 07-25-16
Ga. — Malcolm Reid and Stewart Nelson-Reid, both 58, have been
together for 18 years. They’ve had a blast — traveling,
skydiving and riding roller coasters around the country.
trade group looks for misleading claims on websites 07-18-16
trade group for online payday lenders has started to comb the
Internet for sites making misleading claims, part of an effort to
clean up the reputation of an industry beset by complaints from
consumer groups and regulators.
MarksJarvis: The dubious side of a record stock market 07-18-16
Who would have thought
lukewarm could be so hot? But
it is. The stock market hit record levels four days in a row this
week before pausing Friday.
cut costs, high school students headed to college plan to live at
— With college costs shooting through the roof and many parents
unprepared for the burden of paying for it, high school students
across the country are being forced to make choices about where they
will attend college and how to cut costs once they get there.
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.