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.
Tompor: Pockets of angst — and higher interest rates — cloud
picture for car sales 02-05-18
big economic headlines scream about a better jobs picture, one-time
bonuses and a ginormous rally on Wall Street. All good things that
could keep driving car sales.
season confusion: What you need to know before you file this year 02-05-18
about how the new tax law will affect you? You’re not alone.
With the ink barely dry
on a new tax law, uncertainty abounds on what moves to make or even
what to ask a tax preparer.
why banks aren’t paying more for your savings … unless you’re
economy continues improving, but here’s one thing that’s not:
what banks pay ordinary savers for their deposits.
the military? You may be eligible for a new retirement plan 01-29-18
you serve in the military, you may have an important decision to
make in 2018: whether to stay in the current retirement system –
the federal government’s Thrift Savings Plan — or opt into the
new Blended Retirement System (BRS).
card defaults on the rise as holiday bills come due 01-29-18
are defaulting on their credit cards at the highest rate in nearly a
year. Experts blame the improving economy: Consumers are feeling
more confident in their overall financial situations and they’re
loosening their purse strings because of it.
Tompor: How do you pay off all that credit card debt? 01-22-18
Like the holiday pounds,
credit card debt doesn’t just melt away — especially after the
latest binge. The
cold reality is credit card debt hit a record $1.02 trillion in
November, according to figures released by the Federal Reserve.
Journey: Social Security numbers to know 01-22-18
The 2 percent
cost-of-living hike in Social Security benefits this year isn’t
the only number affecting workers and retirees.
on saving for a new home 01-22-18
If one of your New Year’s
resolutions is to become a homeowner, now is the time to start a
plan to save for that new dream house
Tompor: How does a pitch for a $3,000 advance on your tax refund
turn into $500? 01-15-18
People who are looking
for fast cash to pay holiday bills, unexpected car repairs or
skyrocketing heating bills are being bombarded with TV ads, window
signs and other pitches for tax refund advances.
Journey: Long-term unemployment hits older workers hard, but some
rise above it 12-25-17
expect to keep working past traditional retirement age, and continue
working in some capacity even after they retire from their main
careers, according to a new study.
Berger: Tips for savings success 12-25-17
some housecleaning for the holidays? Don’t forget to spruce up
your savings, too.
gifts may be harder than just keeping them 12-25-17
unwelcome byproduct of the holiday season is that at least one gift
among Hanukkah’s eight nights or Christmas will be as unpopular as
the name Irma in South Florida.
Tompor: 5 ways you won’t save money by opening a new credit card
at the store 12-18-17
into any store during the holidays and the odds are good that you’ll
be pitched with a credit card offer. Need an extra 15 percent or 20
percent off on the spot? Open a credit card.
Americans have more credit card debt 12-11-17
used responsibly, credit cards are a useful addition to your wallet.
They’re not only safer than cash, they can also build your credit
disabled, unable to work and need benefits? Prepare for financial
ruin first 12-04-17
WORTH, Texas — Coming to grips with never again being able to work
because of a debilitating disease on injury can gnaw at one’s
Philanthropy: This Thanksgiving, carve more than turkey 11-24-17
many of us will gather around the Thanksgiving table with family and
friends — to indulge in an abundance of delicious traditional
foods and give thanks for abundant blessings and freedoms.
Tompor: Veterans targeted by phone scams, pitches for benefit
veterans are a prime target for telephone scams and even more likely
to end up as fraud victims than the general public, according to a
new survey released by AARP.
Journey: 2nd or 3rd time around –– money matters 11-13-17
gray divorce doesn’t rain down enough financial stress on a
retirement plan, a second (or third) marriage or domestic
partnership certainly will. What to do?
complicate fight against robocallers, scammers 11-06-17
Fla. — A local number on Evan Dimov’s caller ID and a confident
voice on the other line had the Orlando restaurant owner convinced
he was in imminent danger of having his power shut off.
vs. rent: Can you afford to wait? 10-30-17
a home is probably the biggest financial decision most of us will
make. While many variables factor into that decision, one key
element is whether it makes more financial sense to buy a home
rather than renting one.
find a coupon code? This startup does all the work for you 10-30-17
LOS ANGELES — Ryan
Hudson was trying to order pizza online for his two children when he
was prompted to enter a coupon code at checkout.
successful people never pay full price for 10-23-17
matter how rich and successful you become, there are some things for
which you should never pay full price.
to retire wealthy? Start with your ‘money personality’ 10-16-17
— For those seeking ways to build wealth (or just get rich quick),
there’s no shortage of advice out there.
the wake of Equifax, there’s a fourth credit bureau you might want
to contact 10-16-17
news broke about the colossal data breach at Equifax a few weeks
ago, experts recommended that affected consumers help protect
themselves from ID theft by freezing their credit reports at each of
the three main credit bureaus.
credit card debt? You’re not alone 10-16-17
than a quarter of Americans — some 28 percent — say they carry
balances on their credit cards from month to month, according to a
new survey by Creditcards.com.
parents are finding ways to save money for college 10-09-17
college costs climb, parents are doing a better job of saving for
their children’s college needs instead of relying too heavily on
employees a hand in learning how to handle money 10-09-17
— With one credit card paid off and two more to go, Bill Stiner
was determined to stick with his plan of total debt elimination
after finishing a nine-week course at his Pittsburgh church with
other members of the congregation who also had declared war on their
needs to buy life insurance? Doesn’t it come with the job? 10-02-17
workers have gotten so used to getting free life insurance coverage
as a benefit through their jobs that a growing number of them —
especially young workers who have delayed starting families — aren’t
bothering to go through the hassle and expense of purchasing
MarksJarvis: How to build a rich life, even if you aren’t a
financial genius 09-25-17
don’t have to be a genius, a math brain or know anything about the
stock market to invest your money well and retire comfortably.