Category: personal finance

Cyber Shopping and Debit Cards Do Not Mix

Planning to shop online this holiday season? I have one very important piece of advice: Do not use a debit card. You’ll understand why when I tell you what happened to Carol D. several years ago. Look, I know that when it comes to spending money, we all have our comfort zones. Me? I’m a…


The Problems You May Cause If You Max Out Your 401(k)

If you have a 401(k) through your employer, you have a good way to prepare for retirement. It is even better if your employer is giving you matching contributions. This fact alone can make investing in a 401(k) a worthwhile investment. Still, there are some things you need to think about before maxing out your…


Trump Says Inflation Costing Families Almost $1,000 a Month, Criticizes Democrat Stewardship of US

Former President Donald Trump spoke about the impact of runaway prices on American families and described a “nation in decline” while rallying on behalf of his endorsed candidates in Arizona over the weekend, urging rally-goers to vote Democrats out of office and “save this country.” Telling rally-goers that rampant inflation was costing Arizona families $1,000…


Family Finances: A Gift That Keeps on Giving

By Emma Patch From Kiplinger’s Personal Finance Jacob Pruitt, president of Fidelity Charitable, the nation’s largest donor-advised fund, offers advice to those considering charitable contributions. Question: For someone who is new to donor-advised funds, what do they do and how do they work? Answer: They’re similar to an investment account. You put money or other…


How Company Off-Sites Are Changing Business Travel

Business travel used to mean sending employees from their home office to somewhere else—to meet with clients or coworkers at other offices. But for many remote-first companies, it now means the opposite: Bringing employees together from their far-flung homes to work and meet in person. These so-called “off-sites”—a holdover term from when these companies had…


Millennial: You Nixed Your Home-buying Plan. What Now?

Millennials are in peak nesting mode. We want the outdoor space many apartments lack, or the room to grow that a starter house doesn’t offer. There’s just a not-so-small problem. The median existing home sales price of U.S. homes was $389,500 in August, according to the National Association of Realtors. That’s a 7.7 percent increase…


How to Handle Your Medical Bills

When she was 19, writer Emily Maloney found herself facing about $50,000 in medical debt after hospital treatment for a mental health crisis. The debt followed her throughout her twenties, hurting her credit and leading to stressful calls from collection agencies. Her experience is all too common: The Consumer Financial Protection Bureau reports that about…


Your Retirement and Annuities: Investing and Funding

The promise of lifetime income from Annuities has been around for centuries dating back to Ancient Rome. Originally, Annuities were just simple instruments that guaranteed a steady stream of income. But, things got more complicated as the years went by. For instance, in the late 1980s, variable Annuities became popular when mutual fund sub accounts…


How Your Credit Cards Can Help During a Recession

By John Egan From Bankrate.com When a recession is looming (or already here), you may wonder how to best handle your finances. After all, a recession—a period of time when the economy takes a deep dive—can trigger financial stress. Will you lose your job? Will you be able to keep up with everyday expenses? With…


The Savings Game: Don’t Give up on the Stock Market

By Elliot Raphaelson From Tribune Content Agency Investors in both the stock and the bond markets are understandably nervous. The Federal Reserve has indicated that until inflation is under control, it will continue to increase interest rates. As long as that happens, it is likely that both bond prices and stock prices will remain under…