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.
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 itís possible for
students to pay their own way through school.
student loan servicers ó Navient, Nelnet and FedLoan ó pay big
bucks to CEOs and lobbyists 07-08-19
Thereís big money in
Americaís $1.5 trillion in student loans ó and a lot of it
doesnít go just to students.
Tompor: Donít do your boss any favors buying gift cards ó itís
likely a scam 07-01-19
Weíve had the ďone
ringĒ 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 stateís 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 ó Washington and Hawaii ó 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 Collegeís 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 ó quickly.
Journey: How to unload your debt burden 06-24-19
Americansí debt load
has risen nearly 23% since 2013 ó despite record stock gains and
low unemployment ó and that canít bode well for their future.
Tompor: How a 25-year-old hairstylist drives a six-figure Mercedes 06-24-19
Alex Pardoe, 25, is what
some might dub the anti-millennial. Except, heís not really.
Much like others in their 20s or 30s,
heís savvy about building a brand, marketing his talents and
recognizing how to use Instagram and YouTube to turn a head and grab
hackers used little-known credit-card feature to defraud woman,
$1.99 at a time 06-24-19
Whoever stole Leslie
Robisonís credit card number could have bought a new computer, a
flat-screen TV, or an expensive trip overseas.
Tompor: Exiting a timeshare could be another route to a rip-off,
Better Business Bureau says 06-17-19
into buying a timeshare after a free weekend stay at a resort condo
is one thing. But consumers increasingly are being ripped off when
they try to unload or get out of a vacation-related contract, as
Journey: Millennials think too narrowly about benefits, especially
retirement contributions 06-10-19
Asked to name their
highest priority benefits for a new job, more than half of
millennials in a new survey ranked health insurance highly. Just 36%
included a company retirement plan match in their top three.
Tompor: How to handle your money after youíre laid off 06-10-19
While the layoffs at Ford
Motor Co. are the latest to grab headlines, the automaker isnít
alone in trimming its payrolls.
is often accused of mistreating student borrowers. Now Navient is
being stalked by an activist hedge fund. Could that make it worse? 06-10-19
Navient, the nationís
third-largest student-loan servicer, has been ripped for its
customer service and is fighting lawsuits from the U.S. government,
schoolteachers, and multiple state attorneys general who say the
Wilmington-based company has routinely mistreated customers.
bills pile up, young people turn to strangers on Venmo 06-10-19
Indira Marquez Robles
felt helpless. Just before her
comparative politics class, the 19-year-old Oglethorpe University
student learned that her stepfather had been arrested on suspicion
of DUI and taken into Immigration and Customs Enforcement custody in
Tompor: How to pay off student loans without a billionaire bailout 06-03-19
Who wouldnít want to
see their college loans paid off by a billionaire benefactor? Or
even take part in a TV game show to pay off all that college debt?
crushing the competition with largest fund inflows so far in 2019 06-03-19
Vanguardís inflows of
new investor money are off to a strong start so far this year, with
investors handing over $106 billion year to date through April ó
more than four times any other Wall Street firm.
Journey: After stock marketís decade-long run, is it time to
reassess investment strategy? 05-27-19
balances cruised to record levels in the decade since the Great
Recessionís market bottom, which is great news if youíre
seventysomething and less so if youíre younger.
Tompor: Mistakes on your credit report could cost you thousands: How
to fix them 05-27-19
The Equifax data breach
came to light back in September 2017 ó and consumers are still
fuming. Complaints about credit
reporting, credit repair services and issues such as errors on
individual consumer credit reports, made up 43% of all the
complaints made to the Consumer Financial Protection Bureau,
according to an analysis by the U.S. PIRG Education Fund.
Arvedlund: US infrastructure plays may be rebuilt if Congress can
pass new bill 05-27-19
infrastructure may be the one thing Congress can agree on. So
letís look at different ways investors can take advantage of
possible government-sponsored funding for infrastructure, whether
through paving roads, building bridges, imposing tolls, dredging
rivers, creating logistics, and even operating computer server
Tompor: Federal student loan interest rates about to get first cut
in 3 years 05-20-19
High school grads on
their way to college ó as well as returning college students ó
just got a bit of a financial gift.
Journey: Overconfidence leads to mistakes in retirement planning 05-13-19
Among 55-plus working
households, four in 10 have saved at least a quarter-million dollars
for retirement, according to a long-running retirement confidence
Tompor: ĎOne Ringí phone scam comes in middle of night, luring
you into costly callback 05-13-19
And now the scammers are
calling in the middle of the night ó repeatedly. A
wave of whatís called the ďOne RingĒ phone scam has been
waking up consumers at night and trying to prompt them into making a
Tompor: Elizabeth Warrenís plan for student loan forgiveness:
Donít bank on it 05-06-19
Caution: If youíre
someone who grabs money management tips after a quick read of a
headline or two on Twitter, take note. Donít bank on getting a big
break yet on your college debt.
star of personal finance, Dave Ramsey uses gruff love to lead others
out of debt 05-06-19
advisers canít get Minnesotans to pay $19 to $149 to hear them
speak. Most are lucky to attract people to a free meal at a local
major shift, Vanguard says itíll allow active fund managers to
vote independently 05-06-19
For decades, Vanguard
Group appeared to exercise its voting rights, in companies where it
holds shares, as a monolith.
Journey: Facts to know about survivorís benefits 04-29-19
Choosing the best time to
claim Social Security benefits can be tricky, mostly because we
donít know precisely how long weíll live to collect.
Tompor: Need to adjust your W-4? Hereís how to do it 04-29-19
Wait, donít just stuff
a copy of your 1040 in your files now that April 15 is over. You may
want to sit down right now and do a paycheck checkup.