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 donít have the start-up money or the
collateral to ask the bank for a loan? And you donít want to ask
friends or family? Do the next best thing ó 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 arenít
sure theyíre on track to retire successfully. Unfortunately, many
of them may be right.
credit card companies and financial institutions are becoming
smarter about protecting peopleís 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
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.
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.
is key for financial harmony between spouses 10-10-16
PITTSBURGH ó While
Pittsburgh-area residents Collin and Jasmine McHenry have never
imposed a limit on how much they can spend on a big-ticket item
without consulting each other, what they do have is an agreement on
how much each will contribute to the household budget each month.
number of credit approvals for car leases not necessarily a bad sign
PITTSBURGH ó Although
lending institutions have loosened up credit standards in recent
years for car leases and purchases, the number of people being
turned down for automobile leases due to poor credit has been
growing since the beginning of the year and hit its highest point in
August, according to a company that tracks that market.
warming up to mortgages again after housing crisis 10-03-16
If you want to buy a home
and go to a bank for a mortgage, you may get a warmer welcome than
people have received in years.
MarksJarvis: Liberal arts grads struggle with underemployment, study
Warning to college
students and millennials still trying to recover from the Great
Recession: About 44.5 percent of recent college graduates are
underemployed after settling for jobs that typically donít require
a college education.
a parentís financial help to children come in the form of a loan
or a gift? 09-26-16
PITTSBURGH ó Parents
often want to help their adult children who need a financial boost,
and it frequently comes down to a choice of whether the help should
be in the form of a gift or a loan.
MarksJarvis: Bank Black movement faces challenges 09-26-16
Lori Roper is planning
her wedding and preparing to put all the arrangements into place:
choosing the venue, ordering the cake, picking a dress, selecting
music and opening a checking account at an African-American owned
add convenience fee to those who put tuition on credit card 09-26-16
PITTSBURGH ó Not a lot
of people pay college tuition bills with a credit card. But some do
ó whether for convenience or to get those nice rewards points.
MarksJarvis: For financial advisers, sussing out fear moves to the
your financial adviser really know you? He
or she should. And Iím not talking about a handshake as you enter
the office followed by an exchange of pleasantries such as,
"How are the kids?"
couple wonder if retirement is but a dream 09-19-16
SEATTLE ó Saving for
retirement is a source of financial anxiety for 29 percent of
Americans, a recent survey by life insurer Northwestern Mutual
hello to two members of that 29 percent: Gail and Sid Ouattara, who
live outside Seattle.
MarksJarvis: Once considered safe, Ďsmartí funds may be dumb
could resist investments that are "smart"? They certainly
sound better than "dumb investments" or "idiotic
MarksJarvis: Pushing back retirement age to 70 would be harder on
low-income workers 08-29-16
It sounds like a simple
fix to the nationís immense problem of funding Social Security and
Medicare for an aging country ó just get everyone to work to 70
and the math works out a lot better.
big box stores look to hook college students ó for life 08-29-16
ó Itís back-to-college season, which means retailers are
battling to equip as many of Americaís freshmen with laptops,
futons and minifridges as they can.
Tompor: Resist urge to splurge on glitz with school supplies 08-22-16
back-to-school notebooks, folders, pens, pencils, binders and a
scientific calculator added up to $100 for sixth-grader Kaylee
MarksJarvis: Retired couples will need $260,000 for health care,
investment firm estimates 08-22-16
are figures that may make you sick if you are planning to retire
soon and havenít looked at what your health care costs will be be.
banking services that will be obsolete in 10 years 08-22-16
decades, banking was a mundane, routine task. You visited a local
branch to open or close accounts, deposit, withdraw and transfer
planners: Prenuptial agreements shouldnít be a deal breaker in
ó Young couples going into their first marriage with barely enough
money between them to pay the rent donít usually have much to lose
by combining their assets as they build a family and plan for the
MarksJarvis: Donít fret about taking on a college loan, but do
your homework first 08-15-16
students: Welcome to the debtors clan. If
you are like most students, you will need student loans to pay for
college. And while thatís a scary thought for some, there is no
reason to fret.
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 ó 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 donít actually leave home 08-01-16
ó 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