Stocks closed sharply higher on Wall Street, marking the latest about-face for a market that has been unsteadily lurching between gains and losses in recent weeks. The S&P 500 jumped 2.6 percent Monday, more than recovering the ground it lost in a sell-off on Friday. The Dow added 1.9 percent and the Nasdaq climbed 3.4…
Where to Stash Your Investments
October 17, 2022
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By Nellie S. Huang From Kiplinger’s Personal Finance Which investments you hold matters, but so, too, does where you hold them, whether it’s in a tax-advantaged account or a taxable one. The strategy of divvying up your assets into certain types of accounts to lower your tax bill is called asset location. The general advice…
Companies Are Increasingly Charging Former Employees for Job Training After Quitting
More American companies are charging employees for their own job training if they quit. At least 10 percent of workers in the United States in 2020 were forced to sign a training repayment agreement by their employers, according to the Cornell Survey Research Institute, in a story by Reuters. The agreements are termed Training Repayment…
Corporate Social Credit Scores Mirror China, Risk the Republic
October 17, 2022
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banksBusiness & MarketsBusiness ColumnistsCompanieseconomic policieseconomyOpinionpersonal financeSocial credit scoreSocial IssuesUncategorizedUSUS News
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When the United States commenced serious trade relations with China in the late 1980s and early 1990s, the hypothesis of policymakers was that a capitalist market in China would segue into a Western-style, democratic, representative government. As China carries on its 40th Chinese Communist Party Congress this week, where Xi Jinping is expected to be…
Winter Travel Strategies to Get Your Winter Getaways Cheaper
The holidays will soon be here. Winter travel plans are being made, but inflation seems to have affected the budgets of many travelers. As a result, people are looking for cheaper ways to travel more often now than not. An article at CNBC reports that as many as 79 percent of adults with travel plans…
How Is Your Credit Score Calculated and Why Is It Important?
You know credit scores exist. You might even know what yours is. But do you know how it’s calculated and why it’s important? Your credit score affects whether you can get a credit card, rent an apartment, buy a house, start a business, or even get a cell phone contract. A low credit score can…
How to Help Your College Grad Move on to the Career Phase of Their Adult Life
By Kathleen Furore From Tribune Content Agency A friend told me that his recent college graduate is having a hard time deciding what his next move should be. He thinks his 22-year-old is having a tough time accepting that his school career has come to an end and that he now has to make some…
Is an Annuity The Worst Investment a Young Person Can Make?
October 16, 2022
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One of the best things that my mom ever did for me as a young adult was start an investment strategy for me. She wanted to get me started with investing so she set up some investment account with her financial advisor for my benefit. At the time, I was young, clueless and completely indifferent….
Millennial Money: Learn—Don’t Run—From Your Inner Critic
I can be so mean to myself. My inner critic roasts my actions like a political attack ad, with claims that are cruel, overstated and often inaccurate. My ad would assert that I’m stupid with money, bad at decision-making and a crybaby to boot—all endorsed by yours truly. I’m not the only one talking trash…
How to Spot a Great 401(K)
Any 401(k) can help you save for retirement. A great 401(k) allows you to save a whole lot more. The difference between a mediocre plan and a great one could translate into tens of thousands of dollars in future retirement money. Plus, a 401(k)’s quality can show how serious a company is about attracting and…
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