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.
MarksJarvis: For financial advisers, sussing out fear moves to the
your financial adviser really know you? He
or she should. And I’m 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 — 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, ‘smart’ 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 nation’s immense problem of funding Social Security and
Medicare for an aging country — just get everyone to work to 70
and the math works out a lot better.
big box stores look to hook college students — for life 08-29-16
— It’s back-to-college season, which means retailers are
battling to equip as many of America’s 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 haven’t 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 shouldn’t be a deal breaker in
— Young couples going into their first marriage with barely enough
money between them to pay the rent don’t usually have much to lose
by combining their assets as they build a family and plan for the
MarksJarvis: Don’t 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 that’s 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 — 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.