personalfinance.gif (15885 bytes)

Business Page






Local Investing
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?

Crowdfunding as collateral
So you 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. 

Planning for your retirement
Is your 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 hacking
Although 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.
Millennials and managing money
While 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.
Estate essentials
"Picture 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." 
In the hot seat
If you’re an aspiring entrepreneur seeking money from angel investors, you’d better be prepared with a snappy pitch to get their attention.
The new normal
With the 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 retirement investments.
Fiscal fitness
When it 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 profitable.

Creative Sisterhood
Growing 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."
Hot jobs
Gaining 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.

Managing your wealth
Most of 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.

Gail MarksJarvis: Millennials: Saving $1 million is easier than you think 08-08-16
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.
Why 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.
For 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.
When the kids grow up but don’t actually leave home 08-01-16
PITTSBURGH — 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 parents.
Gail MarksJarvis: Law professor points out the holes in your retirement plan 08-01-16
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 little.
Gail MarksJarvis: Law professor points out the holes in your retirement plan 07-25-16
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 little.
More states weigh action to help people save for retirement 07-25-16
ALPHARETTA, 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.
Payday-loan trade group looks for misleading claims on websites 07-18-16
A 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.
Gail 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.
To cut costs, high school students headed to college plan to live at home 07-18-16
PITTSBURGH — 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.
Politicians look for ways to spur retirement savings  07-11-16
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.
Startup pitches employee loans as job benefit  07-11-16
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.
Co-signing a loan? Consider the risks  07-04-16
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.
Gail 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.
Gail 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.
A 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. 
Getting 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 part-time jobs.
Investors 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.
Gail MarksJarvis: Federal student loan servicing still a problem, GAO report says 06-20-16
When you can’t afford to pay your federal student loans, what should you do? Call your loan servicer and explain your predicament.
Wealth manager’s advice for those who want to prosper: ‘Don’t buy the jet’ 06-20-16
PITTSBURGH — The clients whom wealth manager Gregory Curtis works with typically have a net worth between $200 million and several billion dollars.
Gail MarksJarvis: Your investment behavior could be costing you a fortune 06-13-16
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?
U.S. 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 crucial difference.
Check 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 TVs.
How historians, psychologists may help the ultrarich avoid squandering fortunes 06-06-16
MINNEAPOLIS — A new breed of wealth consultant to America’s richest families is doing more than pore over financial reports.



bottomcorner2.gif (430 bytes)