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: How do you make more money when the Fed cuts rates? 09-23-19
No one has been getting
rich stuffing their money into a savings account and it’s bound to
get even tougher, as the Federal Reserve shifts further into a rate
Arvedlund: Should you recession-proof your investments? 09-23-19
Good question, and yes,
everyone’s asking. An economic
recession is defined as two consecutive quarters of negative
economic growth. The U.S. economy has experienced 10 recessions
since 1950, according to the National Bureau of Economic Research.
to keep your money from losing purchasing power 09-23-19
Tony Soprano stashed his
money in a bag of bird food outdoors. This may make you laugh, but
if you’re keeping money in a bank account that isn’t paying
interest, your future purchasing power may also take a hit.
Tompor: IRS impostors are using fake emails to trick you: How to
spot a scam 09-16-19
Did you just get an email
about your tax refund? Or maybe an email using the phrase an
“electronic tax return reminder?”
Philanthropy: Key lessons in strategic philanthropy 09-16-19
Nine years ago, I began
working closely with families, family offices, businesses and public
and private foundations.
Tompor: IRS impostors are using fake emails to trick
you: How to spot a scam 09-09-19
just get an email about your tax refund? Or maybe an
email using the phrase an “electronic tax return
Tompor: What will it take to get to $300,000 in your 401(k)?
So do you have $300,000
or more in your 401(k)? Sure, it
sounds like an enormous amount of money. Especially when you
consider that about one out of four non-retired adults have no
retirement savings or pension whatsoever, according to the latest
Federal Reserve report on the Economic Well-Being of U.S.
Tompor: Now, a new way to estimate next year’s tax refund 08-26-19
Summer will soon be
fading out of view and, like it or not, 2019 will move toward a
Fried: Is your car holding you financially hostage? 08-26-19
Saving money is
increasingly a way-too-big ask for many households. Nearly one in
four households say they have no emergency savings.
Journey: The financial complications of getting married later in
Whether due to gray
divorce or early widowhood, retirement planning increasingly needs
to include a new partner. And often, it couldn’t come at a
Tompor: Social Security sent out some wrong estimates. What you need
to know 08-18-19
Who would imagine that
you could get a wrong estimate of your Social Security benefits from
— guess who — the Social Security Administration?
Tompor: Mystery shopper job could swindle you out of thousands 08-12-19
Psst, here’s a secret.
Some of those great opportunities to be a mystery shopper are
nothing but a way to con you out of your cash.
Journey: 5 things retirees should do with their credit 08-05-19
Whether or not you’re
one of the 147 million consumers affected by the 2017 Equifax data
breach — which resulted in a Federal Trade Commission settlement
of up to $700 million last week — retirees need to stay vigilant
about their credit profiles, experts say.
Tompor: How much of your paycheck goes to student loans? 08-05-19
Imagine being 24 or
younger and dedicating 16.8% of your take-home pay to your student
Journey: Taking control of your money 07-29-19
Women’s pay has been
rising faster than men’s, by some measures, so why aren’t they
taking more control over their money?
Tompor: Why are so many unable to cover a $400 emergency? 07-29-19
You might imagine that
more people would feel flush with a few Benjamins in the bank.
After all, the Dow Jones Industrial
Average broke above 27,000 for the first time ever in July.
and money: Is conscience-driven investing Silicon Valley’s VC
Successful Silicon Valley
venture capital companies have turned Sand Hill Road, a Menlo Park
boulevard lined with VC firms, into an icon of wealth, and sprinkled
the region with palatial homes and gleaming Maseratis.
Tompor: Struggling to pay student loans? You could be targeted by
Get a robocall lately
from Jonathon or someone else saying that your student loans have
been flagged for a student loan forgiveness program?
Tompor: Consumers lose thousands to fake credit repair scheme 07-15-19
No doubt, it’s tempting
to sign up for a “quick fix” to clean up your credit. Who
wouldn’t want to instantly find a way to add 100 or more points to
a credit score to qualify for a rewards-packed credit card?
is requiring firms to offer retirement plans for workers. N.J. and
Pa. are still pondering it. 07-15-19
Are you a worker worried
you won’t have enough money to retire? Are
you an employer who doesn’t offer either a pension or a 401(k) to
your workers? If so, CalSavers is
aimed at you.
Journey: Unretired at 65 and beyond 07-08-19
Older workers blasted
through another milestone recently. The
civilian labor force participation rate among people 65 and older
stood at 20% in May, according to an analysis last month of Bureau
of Labor Statistics data by advocacy group AARP.
Tompor: I pay my bills on time. Why is my credit score falling? 07-08-19
Who would have imagined a
day when a credit score could be as mystifying as an SAT or ACT
bills coming due? Here are some smart tips before you pay 07-08-19
With the cost of college
rising each year, we did the math to see if it’s possible for
students to pay their own way through school.
student loan servicers — Navient, Nelnet and FedLoan — pay big
bucks to CEOs and lobbyists 07-08-19
There’s big money in
America’s $1.5 trillion in student loans — and a lot of it
doesn’t go just to students.
Tompor: Don’t do your boss any favors buying gift cards — it’s
likely a scam 07-01-19
We’ve had the “one
ring” phone scam, the fake IRS phone calls, the scam that tricks
you into thinking that your Social Security number has been
connected to some car in Texas that was involved with running drugs
across the border.
tax is one state’s bold solution to help seniors age at home 07-01-19
Nearly a decade after
federal officials discarded a provision in the Affordable Care Act
that would have provided Americans with long-term care insurance
benefits, two states — Washington and Hawaii — are experimenting
with taxpayer-funded plans to help older residents remain in their
Considering Private Equity for the very wealthy: report 07-01-19
Vanguard is again
considering jumping into the private equity realm, an alternative
investment generally considered only for the very wealthy.
loans were canceled? Great, but you are still on the hook for taxes.
Good news: If you have
private student loans from the now-defunct ITT Technical schools,
your loans have been canceled.
millennials are changing corporate giving 07-01-19
Corporate generosity took
center stage in May when Robert F. Smith, the founder, chairman and
CEO of Vista Equity, announced his plan to pay off student loans for
Morehouse College’s entire 2019 graduating class.
to the hilt, more northern homebuyers are migrating to Florida
Fed up with the high
taxes and regulation back home in New York, retired officer Thomas
Maloney and his wife, real estate agent Theresa Hart, are looking to
offload a home in Long Island — quickly.