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.
you need a financial plan for your money — and happiness 04-17-17
SAN DIEGO — A marriage
destroyed because a husband paid for a pool in the backyard, nice
cars and frequent dinners at restaurants — money he should have
been squirreling away for his son’s college tuition.
MarksJarvis: Borrowers must fight for themselves as student loan
reforms are rolled back 04-17-17
to people wondering how they are ever going to handle all their
student loans: Be tough. Pay up. Don’t expect the federal
government to play Mr. Nice Guy.
high fees, customers see check cashers as part of community 04-17-17
— From behind the Plexiglas window at the back of his Brooklyn
Park shop, Charlie Ward spotted one of his regular customers coming
MarksJarvis: Filing for an extension on your taxes doesn’t
necessarily mean an audit
Taxes are due April 18.
What should you do if
you can’t finish your tax return on time or if you don’t have
the money to pay your taxes now?
millennials ‘Venmo’ each other money, banks fight back with
their own mobile apps
Odds are, you’ve at
least heard of Venmo, but there’s also a good chance you haven’t
used the mobile app or anything else like it to send money to family
owners tap into sharing economy to help offset costs
— A couple of times a month, Baltimore resident Patrick Campbell
hands the keys to his BMW 335is two-door coupe over to a stranger to
drive for a few days.
MarksJarvis: Students selecting a college increasingly consider
long-term job prospects, debt 04-03-17
had to come to this. For
years, high school seniors hoping to go to college in the fall
fixated on getting into their dream college. But that’s
behind health savings accounts could bank on big profits under GOP
Health savings accounts
are poised for a major expansion by Republicans in Washington, D.C.,
and that could mean millions more customers — and fees — flowing
to a handful of companies.
MarksJarvis: Will you have enough? Only 18 percent very confident
about their retirement savings 03-27-17
Meet the worriers — the
people who are afraid they won’t ever be able to retire or that
they will run out of money too early in retirement.
the future of money? This payment firm is connecting the dots 03-20-17
DALLAS — Bruce Parker’s
obsession is an invisible technology that you use each day but
rarely think about: payment systems that shuffle money around after
you swipe your credit card, reimburse your friend through an app or
make an online purchase.
MarksJarvis: Fed’s rate hike likely won’t end the bull market
for stocks 03-20-17
When interest rates are
rising, people with money in stocks sometimes worry. After
all, there is an old Wall Street adage: "Three steps and a
stumble." It means watch out after the Federal Reserve raises
interest rates three times, because stocks are likely to become
index annuities: ‘Magical’ or ‘unsuitable’? 03-20-17
PHILADELPHIA — That
night, like most nights, Phillip J. Cannella III warned that the
financial world was at the brink of a massive meltdown, one that
would wipe out savings and crush retirees.
experts push tax season as prime time to start saving 03-13-17
BALTIMORE — April
Bradley never imagined she’d be where she is today: picking out
paint colors and furniture for a Baltimore rowhouse with her name on
the property title.
do you mean by a ‘long-term’ investment? 03-13-17
PITTSBURGH — The
problem is "long-term" means different things to different
some investors, a time horizon of one or two years could be
considered long term. Another investor may consider long term to
mean a holding period of 20 years or more.
MarksJarvis: VA lending turns in a record year 03-13-17
James Pickett had to come up with thousands of dollars for a down
payment to buy a house, he’d still be renting.
mom struggles to manage debts 03-06-17
SEATTLE — Kiera Mann is
a hardworking professional who loves her job as an operations
manager at the office of an international logistics and
MarksJarvis: Price war among brokerages offers opportunity for
Have I got a deal for
you. It comes to you via a brutal battle that will help make you
richer while brokers slug each other in a fight for your business.
MarksJarvis: Recent college grads now more likely to have good jobs,
college graduate underemployment epidemic is easing. And
the stereotypical image of young people stuck in parents’
basements, working as baristas at Starbucks and wondering why they
burdened themselves with $30,000 in student loan debt is becoming
users put private data at risk using sloppy practices 02-20-17
Many Americans don’t
trust companies or institutions — particularly the federal
government and social media sites — to protect their personal
to recession, millennials trail their boomer parents financially 02-20-17
CHICAGO — When Julius
Givens moved to Chicago after graduating from college in 2013, he
spent six months delivering sandwiches by bicycle while living with
two other roommates in a studio apartment.
MarksJarvis: Why you don’t need Warren Buffett to get your
finances in order 02-20-17
You don’t have to be
Warren Buffett to be richer. Nor
do you need to have him hold your hand to get there. Yet,
a recent study shows most Americans are deeply uncertain about
handling their money, and they’d like Warren Buffett to help them
figure it out.
MarksJarvis: Millennials: Here’s how to jump-start your saving
If you’re in your 20s
or 30s there’s a strong chance that you are getting puny paychecks
that never seem to stretch far enough, and you may look at
everything your baby boomer parents have and wonder if you’ll ever
new or improved tax breaks for 2017 02-13-17
Have you done your taxes
yet? Your W-2s or 1099s probably have started to trickle in with the
mail over the past few weeks. You might also be in the process of
gathering the right receipts and pertinent statements.
establishing an emergency fund could help manage debts, boost saving
SEATTLE — Seattle’s
soaring home prices drove renters Kathryn Jacoby and Jeff Whitehill
to a sobering conclusion last summer: If they didn’t buy a house
before prices rose higher, they could never afford to own a home in
fiduciary rules have financial advisors training, retiring 01-30-17
PITTSBURGH — As head of
the largest independently owned financial advising firm in the
Pittsburgh region, managing billions of dollars in clients’ money,
Kimberly Fleming is feeling the weight of responsibility to get her
staff trained on procedures to meet sweeping rules the federal
government plans to impose in April.
MarksJarvis: Think you missed the Dow 20,000 party? If you have a
401(k), you likely benefited 01-30-17
you have Dow 20,000 envy? Take
heart, you might be richer than you think. You
may have wished during all the hype over the Dow Jones industrial
average hitting 20,000 that you had been buying stocks.