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On a budget
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?

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.

Recession split the millennial generation into haves and have-nots 06-12-17
MINNEAPOLIS — Heather Axtman was a senior in college in 2006 when she landed an internship at Thomson Reuters. By the time she graduated from the University of Minnesota, the company had offered her a full-time job. 
Gail MarksJarvis: Planning to work past retirement? Here’s why that idea could be a bust 06-12-17
Baby boomers with paltry 401(k)s and IRAs are vowing to work forever, or at least, past traditional retirement age. But a new report says a crowded labor market will limit their ability to amass the savings they need even if they do work long past 65.
Universal basic income would pay everyone to improve quality of life 06-12-17
SAN JOSE, Calif. — With an impending robot revolution expected to leave a trail of unemployment, some Silicon Valley tech leaders think they have a remedy to a future with fewer jobs: free money for all.
Think like a billionaire  06-05-17
To become a huge success, you might decide to blaze your own trail. But hacking through the jungle of life can leave you bruised and battered by the time you finally reach your destination.
Most credit cards have revolving balances  06-05-17
Nearly half of credit card accounts in the U.S. carry balances from month to month, according to a new report by the American Bankers Association. With the average credit card interest rate hovering near 16.5 percent, revolving balances are a wildly expensive way to borrow money.
Simple pleasures that won’t cost you a dime 06-05-17
The average American consumer spends more than $56,000 every year. While a good portion of that money goes toward basic necessities, the total also includes a whole lot of impulse buys, meals out, Netflix subscriptions and trips to Starbucks. 
Gail MarksJarvis: Heading to college in the fall? You’ll need a bigger piggybank 05-29-17
If you’re heading off to college, prepare to dig a little deeper into your pockets. Borrowing money to pay for higher education is becoming more expensive.
Gail MarksJarvis: Why this year’s college grads aren’t chasing jobs at startup companies 05-22-17
The fantasy of graduating from college and immediately going to work with the next Mark Zuckerberg is dying.
As Fed raises interest rates, CD rates remain in the dumpster 05-15-17
A decade ago, just before the last recession kicked in, savers were earning an  average of nearly 4 percent on one-year CDs.
That sounds like a fortune compared with the near-zero returns that depositors have endured in recent years.
Divorce, big tax bill complicate finances for mother of two 05-08-17
SEATTLE — For six years Kirsten Flack was a stay-at-home mom with small children and a husband who earned a comfortable income. Then everything came crashing down in divorce.
Gail MarksJarvis: Why your 401(k) is vulnerable as tax reform plays out in Washington 05-08-17
If you are counting on 401(k) savings to keep a roof over your head when you retire, don’t take your eye off tax reform negotiations in Washington.
Placing an annuity in an IRA may not be, as some say, like wearing a raincoat indoors 05-08-17
Annuities are contracts between individuals and insurance companies that provide the purchaser with a steady stream of income during retirement. They often play a role in replacing or supplementing other fixed income streams, such as pensions and Social Security.
Cosigning your kids’ or grandkids’ student loans? Think twice 05-01-17
PHILADELPHIA — Though the biggest debt for older consumers remains home mortgages, student-loan debt is becoming more common.
Gail MarksJarvis: Having plenty of money for retirement doesn’t mean it will last long enough 05-01-17
Is retirement starting to tempt you?
Maybe you peer into your 401(k) and think: "Not bad. Should I go for it?" Perhaps you’ve even run some numbers on a calculator to assure yourself that you can remove 4 or 5 percent of your savings each year for living expenses, or your financial adviser confirms you have plenty of money to last to age 90.
Robotic software sweeping large accounting firms and clients 04-24-17
MINNEAPOLIS — Marna Ricker has her own personal robot.
While it doesn’t shoot lasers or clean her Minneapolis office Roomba-style, her "bot" can do some of her digital data dirty work so she doesn’t have to.
Gail MarksJarvis: Unsure if you’re saving enough for college? Check out these new tools 04-24-17
How do you know if you are saving enough for college? New Fidelity tools take some of the mystery out of the process and could help ensure that families don’t come up short.
The rise of sports TV costs and why your cable bill keeps going up 04-24-17
Getting your credit card company to treat you better may be easier than you think.
Nearly 90 percent of consumers who asked their card issuer to reverse a late fee were successful, according to a report by the credit card comparison site Creditcards.com.
Why 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.
Gail MarksJarvis: Borrowers must fight for themselves as student loan reforms are rolled back 04-17-17
Message 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.
Despite high fees, customers see check cashers as part of community 04-17-17
BALTIMORE — From behind the Plexiglas window at the back of his Brooklyn Park shop, Charlie Ward spotted one of his regular customers coming toward him.
Gail MarksJarvis: Filing for an extension on your taxes doesn’t necessarily mean an audit  04-10-17
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?
As millennials ‘Venmo’ each other money, banks fight back with their own mobile apps  04-10-17
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 or friends.
Car owners tap into sharing economy to help offset costs  04-03-17
BALTIMORE — 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.
Fixed 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.
 























 

 

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