Financial education advocates point to three primary places to reach those who need help with their money: in schools, the point of sale, and at work. A debate rages over the first two. But efforts to educate employees at the …
Financial Planning
Are Young People Too Afraid of Debt?
Following the Great Recession many young people have become not merely respectful of debt, as we would wish; but fearful of it, which could set them back.
Bernanke to Income-Starved Retirees: Tough Luck
If it wasn’t clear already, it is now: securing decent retirement income in a low-yield environment is going to be a problem for a long time. Seniors who have been eking by through temporary measures like drawing down an …
Is a Busy Retiree a Happy Retiree? It Depends …
Experts have repeatedly pointed up the salutary effects of staying busy in retirement, arguing that activity confers physical and mental benefits and leads to greater happiness. But it isn’t necessarily true.
The Lessons of Mitt Romney’s IRA
Mitt Romney may have made the classic IRA mistake: holding low-tax investments inside a tax-favored account. His IRA strategy isn’t clear, of course. Romney continues to guard his personal finances. But details are trickling …
Cash Back: Banks Battle for Your Rollover IRA
Your 2011 tax documents are beginning to arrive in the mail, signaling the start of another tax filing season. Right on cue, financial firms are in a spending battle to win the business of anyone considering an IRA rollover as …
Unable to Work, Retirees Move in with Kids and Find it’s not So Bad
Bunching family under one roof isn’t the Holy Grail of retirement. But for those with few choices at least it’s an answer with some unexpected benefits.
Retiring This Year? Plan Your Time, Not Just Your Money
If you’re planning to retire this year, start putting your finances in order now. That’s a given. But retirement isn’t just about money. It’s about how you will spend your time. So you might also start thinking hard about …
5 Myths About Retirement Homes
Developers have made great strides in recent years, presenting seniors with vastly more appealing alternatives than the traditional nursing home. Still, misconceptions about retirement villages abound and may lead …
4 Ways to Start Your Kids with Credit
Most parents with heavy credit card debt want their kids to avoid the same mistake. But they are not sure how to coach them and, according to a new survey, would love for credit card management to be a required class in high school.
The Hidden Pitfalls of 529 College Savings Plans
The year-end push to contribute to a 529 state college savings plan is in full force. These plans make a lot of sense. But they also have drawbacks. Here’s how to make the most of them.
Lead by Example? Hardly — Boomer Kids Out-Saving Their Parents
Boomers have never been great at putting money in the bank. Maybe they should listen to their kids.
