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Personal Finance

New Report: The Financial Industry Costs U.S. Taxpayers Trillions

Lynn Parramore | Posted 07.26.2016 | Business
Lynn Parramore

America's financial system is broken for all but a few at the top -- that much is plain. The rest sense that we are stuck on the minus end of some great financial formula, but given the complexity and size of Big Finance, it's hard to pin down exactly why it happens and how it all adds up.

Carrying a Credit Card Balance for the First Time

NerdWallet | Posted 07.21.2016 | Business
NerdWallet

by Virginia C. McGuire If you've always paid your credit card balance in full every month, it can be disconcerting to find yourself carrying a balanc...

What Millennials Can Learn About Finances From Pokémon Go

Michael Ruderman | Posted 07.20.2016 | Technology
Michael Ruderman

While you were trying to catch that rare Pokémon, did you actually miss the real life target? The last few days have been weird. I've seen 20-somet...

Six Ways to Encourage Good Saving and Spending Habits in Your Children

Nathaniel Sillin | Posted 07.20.2016 | Business
Nathaniel Sillin

How often do you discuss money with your children? If your answer is "not often," you're not alone. A recent study from investment firm T. Rowe Price ...

Everyone Wants A Robo-Advisor

Robin Raskin | Posted 07.19.2016 | Technology
Robin Raskin

There was a time when you needed a substantial amount of wealth in order to make it worth hiring a wealth manager or even getting a wealth manager to pay attention to your puny investment funds. That picture is changing fast.

Postponing Retirement? Don't Postpone Planning for It!

Carrie Schwab-Pomerantz, CFP | Posted 07.18.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, I'm turning 65 in a few months, and still working. I have no immediate plans to retire, but I'm wondering what I should be thinking about...

Evaluating Your Financial Pro: Body Language is Key to Detecting a Fraudster

Traci Brown | Posted 07.15.2016 | Business
Traci Brown

Using body language to expose key facts and qualities about your financial pro can be the difference between making a great return and losing absolutely everything. But you've got to look for the tiny signs hidden in plain sight. They can seem confident and trustworthy on the surface but when you look more closely you may unmask deception or fear.

6 Things Kids Can Learn From a Summer Lemonade Stand

Jeff Rose | Posted 07.18.2016 | Parents
Jeff Rose

Since modern school schedules were invented, kids have looked forward to summers off. Instead of enduring hurried mornings as they rush off to school,...

After Moving Back to U.S. From Overseas, Credit Card Is First Step to Rebuild Credit

NerdWallet | Posted 07.13.2016 | Business
NerdWallet

by Virginia C. McGuire If you're moving back to the United States after an extended period -- more than a year -- living abroad, you may be in for a ...

Moving Recurring Payments on Credit Cards Is the Worst. Here's How to Deal.

NerdWallet | Posted 07.13.2016 | Business
NerdWallet

by Claire Tsosie When Costco shifted its credit card business to a new issuer, members' accounts were converted from the old TrueEarnings® Card fro...

The Big Difference Between Whole and Term Life Insurance

PolicyGenius | Posted 07.13.2016 | Parents
PolicyGenius

Financial technology companies - "fintech" to those in the industry - reframed the way we think about financial decisions. We became more self-directed with our money, and the nature of advice changed once we were able to do transactions with a few clicks.

How I Taught My Sons to Be Financially Responsible at 13

Quora | Posted 07.13.2016 | Parents
Quora

How much should I give my 15 year old kid as an allowance every month? originally appeared on Quora - the knowledge sharing network where compelling q...

Six Basics to Consider Before Investing with a Robo Advisor

Nathaniel Sillin | Posted 07.13.2016 | Business
Nathaniel Sillin

You're looking to grow your money, but you're not quite sure how to get started. You've considered hiring a qualified professional to work with you on...

Women Are Upgrading the Leadership Rules

Jennifer Love | Posted 10.13.2016 | Business
Jennifer Love

"Leadership is an action, not a position." Donald McGannon If you check the Oxford Dictionary, leadership is defined as "the action of leading a grou...

The 5 Worst Financial Mistakes New Parents Can Make

NerdWallet | Posted 07.12.2016 | Parents
NerdWallet

By Barbara Marquand Having a baby brings excitement and joy -- and a whole new set of money worries. How will you afford diapers and daycare? Soccer ...

What Should You Budget for Healthcare Costs in Retirement?

Carrie Schwab-Pomerantz, CFP | Posted 07.11.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, My husband and I are both in our sixties with no immediate plans to retire, but trying to plan our finances for when that day eventually...

Why Winning The Lottery Is The Quickest Way To Go Broke

Stephanie R. Caudle | Posted 07.07.2016 | Business
Stephanie R. Caudle

While winning the lottery will be a dream come true for many Americans there have been many Americans that have won the lottery only to realize it is one of the worst things that could have ever happened to them. In several cases lottery winners of both large and small proportions have suddenly been attacked by thieves, taunted by bill collectors or most importantly proved to the world that they are bad money managers.

Choosing the Right Project for Your Home Renovation

Nathaniel Sillin | Posted 07.06.2016 | Business
Nathaniel Sillin

Before the national housing collapse of 2007, home renovation decisions seemed far simpler and much more profitable for homeowners than you see with t...

Changing Jobs: What Should You Do With Your 401(k)?

Carrie Schwab-Pomerantz, CFP | Posted 07.05.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, I just accepted a new position. All my retirement money is in a traditional 401(k) with my current employer. What should I do with it now...

Think Small: A New Strategy For Financial Goal Setting

Lule Demmissie | Posted 07.01.2016 | Education
Lule Demmissie

Small is huge these days. From tiny houses to minimalist wardrobes, micro is having a moment. The trend has crept into many aspects of Americans' live...

Five Essential Steps to Financial Independence

Nathaniel Sillin | Posted 06.29.2016 | Business
Nathaniel Sillin

Every Fourth of July, while I'm enjoying time with loved ones, fireworks in my neighborhood and barbeque off the grill, I take time to remember our founding fathers. It is humbling to ponder the sacrifices they made to secure our independence more than 240 years ago.

6 Strategies for Raising Non-Materialistic Kids

LearnVest | Posted 07.07.2016 | Parents
LearnVest

By Deborah Skolnik This story originally appeared on LearnVest. All parents want their children to grow up understanding that the best things in life ...

Avoid These 6 Mistakes If You Want A Raise

SmartAsset.com | Posted 07.19.2016 | Business
SmartAsset.com

If one of your goals for the new year is to make more money and expand your budget, asking your boss for a raise might be on your to-do list. Negotiat...

Helping Young Adults Means More Than Writing a Check

Carrie Schwab-Pomerantz, CFP | Posted 06.27.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, Several years ago, I loaned my then twenty-four-year-old son money to buy a car on the condition that he pay it back in monthly installm...

Vegas ATM Steals $600 - Can You Get it Back?

Christopher Elliott | Posted 06.27.2016 | Business
Christopher Elliott

Lisa Selle has $600 sucked out of her debit card in Las Vegas. Why won't American Express cover her loss? Question: On a recent visit to Las Vegas, so...