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Personal Finance

If You Have A 401(k) Do You Need An IRA, Too?

Carrie Schwab-Pomerantz, CFP | Posted 05.04.2015 | Money
Carrie Schwab-Pomerantz, CFP

The bottom line is you can't really save too much, only too little. So use all the savings and investing vehicles available to you, including both an IRA and your 401(k), to save as much as you can, as early as you can -- and, at the same time, get the maximum tax break. You won't regret it.

Why the S&P 500 Is a Bad Benchmark

Betterment.com | Posted 05.04.2015 | Money
Betterment.com

let's examine the importance so many investors attach to the S&P 500 or the Dow Jones Industrial Average. U.S investors tend to heavily measure their portfolio performance against American indices, even though they have been proven not to be the best benchmarks.

Reforming Payday Lending Practices Is One Important Way to Address Wealth Inequality

Andrea Levere | Posted 05.03.2015 | Business
Andrea Levere

The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores.

Why Choose A Personal Loan Over A Traditional Loan?

NextAdvisor.com | Posted 05.02.2015 | Money
NextAdvisor.com

All loans are not created equal, and in recent years the personal loan has become a great option for people to use. However, you might be wondering just what makes a personal loan different from a traditional loan from your bank.

Start Small This America Saves Week

Patrice C. Washington | Posted 05.02.2015 | Money
Patrice C. Washington

We all know the importance of saving, and while it's ideal to save six months of income for a rainy day, I know first-hand how intimidating that can be for most of us. So, instead of looking at lofty savings or financial goals, I challenge you to take micro steps to reach your personal finance and debt reduction goals.

President Obama Warns Americans About Bad Retirement Advice

Natalie Pace | Posted 05.02.2015 | Money
Natalie Pace

To help us all better understand how to reduce the exposure to conflicts of interest, high fees and lockup periods, I called upon Marie Chandoha, the president and CEO of Charles Schwab Investment Management, Inc.

What's The Best Way To Consolidate Debt?

NextAdvisor.com | Posted 04.29.2015 | Money
NextAdvisor.com

Studies released by Urban Institute in July 2014 showed that 35 percent of Americans -- roughly one out of three -- are so behind in their finances that they have debt in collections. Many people become overwhelmed by their debts, but they don't have to be.

How Men And Women Do Saving And Splurging Differently

LearnVest | Posted 04.28.2015 | Money
LearnVest

When it comes to gender and money, there's no shortage of stats on how the sexes stack up. But while you're probably used to hearing those differences dissected in discussions of salaries and pay inequality, it turns out there's a bit more to it: Gender plays a role in a whole range of everyday money matters.

Paying For College: Are Scholarships Taxable?

Carrie Schwab-Pomerantz, CFP | Posted 04.27.2015 | Money
Carrie Schwab-Pomerantz, CFP

Dear Carrie, My daughter was lucky enough to receive a significant college scholarship. Is this considered taxable income to her? And does her scho...

How To Curb Habits That Keep You Financially Poor

Quora | Posted 04.27.2015 | Money
Quora

Only you can discipline yourself. If you're a family man, explain it to them. They will understand. Sometimes you might give in to pity, that's okay too, we are all humans, but think of it as a bad habit. If you improve yourself, you and the family become the eventual winners.

The 5 Most Messed Up Policies in the World of Personal Finance

Odysseas Papadimitriou | Posted 04.27.2015 | Money
Odysseas Papadimitriou

If we want to continue making progress, we must acknowledge the pervasive existence of truly unbelievable policies and practices, and we must encourage regulators to address them. Here are a few of the most screwed up aspects of personal finance facing consumers today.

What Super Bowl MVP Jerry Rice Carries in His Wallet

GOBankingRates | Posted 04.26.2015 | Money
GOBankingRates

A wallet is one of the most -- if not the most -- personal accessory you can have. The contents can be very telling about the owner's personality, values and financial state. Some people carry a well-stocked wallet, ensuring they're prepared for any scenario the day brings, while others opt to keep the contents to a minimum.

What's In Your Wallet?

David A. Dedman | Posted 04.26.2015 | Money
David A. Dedman

A couple of years ago I was asked, "What's in your wallet?" I wasn't being asked if I had the best rewards credit card. I was talking to my doctor ...

5 Things You Do Every Day That Can Improve Your Credit

Credit.com | Posted 04.25.2015 | Money
Credit.com

Some of the best ways you can help your credit are so ingrained in your day-to-day routine, you're probably working on your credit without really thinking about it. The simple, carefree route to good credit -- sounds nice, doesn't it?

5 Tax Myths That Can Cost You

Credit.com | Posted 04.22.2015 | Money
Credit.com

Tax myths are a lot like a bad date. They are annoying and seem to last forever. Yet people have beliefs about income taxes that have no basis in reality. Were it not for the potential financial costs, some of these might be amusing. But if you believe them and act upon them, they can cost you serious money.

The One Tip You Need to Achieve Financial and Physical Health

Ryan Bailey | Posted 04.22.2015 | Money
Ryan Bailey

Creating a plan for your financial goals will immediately make them a bit more tangible, and sets you up for success. For advice on how to track your progress to your next vacation, new home or paying off debt -- whatever your goal is -- reach out to your banker for a little extra coaching.

The Dirty Money Conversation: Marital Financial Failures That Cause Divorce

Morghan Leia Richardson | Posted 04.22.2015 | Divorce
Morghan Leia Richardson

One of the benefits of marriage is the financial advantage of two incomes and shared expenses. When couples cannot have the "dirty money" talk, their marriage suffers, resentment and distrust builds and the relationship fails.

10 Tips For Boosting Your Credit Score In 2015

WiserAdvisor.com | Posted 04.21.2015 | Money
WiserAdvisor.com

Your credit score is more than just a three-digit string of numbers; it holds real power over your ability to rent an apartment, apply for a mortgage, secure a car loan and even get a job. What can you do if your credit score isn't as great as you'd like it to be?

9 Simple Money Moves You Can Make In 10 Minutes Or Less

LearnVest | Posted 04.21.2015 | Money
LearnVest

Minding your money doesn't have to be time-consuming. No, really! There are plenty of quick and simple steps you can take that can have a positive impact on your financial wellbeing.

Money Management Tips For Couples Merging Households

Carrie Schwab-Pomerantz, CFP | Posted 04.20.2015 | Money
Carrie Schwab-Pomerantz, CFP

Moving in together is a big emotional step. It's also potentially a big financial step -- which can impact a relationship positively or negatively, depending on how open each partner is about money.

Are You a Renter or a Buyer?

Richard Barrington | Posted 04.20.2015 | Money
Richard Barrington

You face a choice between renting or owning many of the essentials you use every day: your home, your car, even furniture and appliances. So is it better to rent or to own? There is no set answer, because the cost of each depends on a number of variables. It's a question of economics, but the economics come down to your lifestyle.

Buying Your First Home? Here Are 4 Things You Might Want to Consider

Jonha Revesencio | Posted 04.20.2015 | Business
Jonha Revesencio

It's the American dream - having your own home. No longer having the need to pay the landlord. Living on your own terms and decorate it anyway you wish. Have family and friends come over for the holidays and cook outs, or anytime you want.

The Great Scholarship Hunt: How To Save $40K On College

Maureen Hannan | Posted 04.19.2015 | College
Maureen Hannan

Recently, I had a big realization: In 27 years of teaching and parenting, I've never actually met a student who's received more than $3,000 of assistance from writing a bunch of time-sucking essays. So, I set out on a mission: Find the most effective strategy for an 11th-grader to rack up serious merit-based scholarship dollars.

4 Financial Must-Dos Before Saying Your I Dos

Beth Kobliner | Posted 04.19.2015 | Weddings
Beth Kobliner

Having been married for over 20 years -- hello, where did the time go? -- Valentine's Day was, well, just another day. It's not that I am any less in love. Quite the opposite. And a lot of my peers have the same blasé bias about February 14th.

Best Credit Cards for Every Type of Traveler

SmarterTravel | Posted 04.19.2015 | Travel
SmarterTravel

Plastic is the best way for travelers to spend money: credit cards for big-ticket purchases, debit (ATM) cards for cash. But which cards to choose? Clearly there is no single best card. What's best for you depends on what you want by way of extras and special features.