Obama’s budget would give workers without a tax-favored savings plan at the office automatic access to an IRA. That is among other details in the budget that affect your pocketbook.
Planning
Can You Afford to Start Parenting at Middle Age?
Advances in reproductive technology and a trend towards marriage later in life have led to an increase in older parents. But do these old fogies know what they’re getting themselves into, financially speaking?
10 Biggest 401(k) Mistakes—and How to Avoid Them
As traditional defined-benefit pensions become increasingly rare, more Americans instead are offered employer-sponsored 401(k)s, defined-contribution plans that require participants to be more proactive and educate themselves. …
Obama’s Budget Would Cap Tax-Advantaged Savings
New IRA limits target the wealthy. But this may be just the start of a raid on America’s nest eggs.
How Much Will It Matter If Student-Loan Interest Rates Double?
The bell has been rung in the next round of the fight over student-loan interest rates, and borrowers could take it on the chin this time. On July 1, if Congress does nothing, the interest rate on federally subsidized Stafford …
Financial Independence? Today’s Young People Don’t Expect It Anytime Soon
In a mere two years, the proportion of teenagers who expect to be financially dependent on their parents until their mid-20s has doubled. That gives us all another reason to feel sympathy for parents who have teenagers right now.
Scared to Prepared: How the Great Recession Changed Our Spending Habits
The sting of the financial crisis can still be felt five years on. But individuals have moved beyond finger-pointing
Savings Booster: Making it Simpler to Repay Your 401(k) Loan
The SEAL Act has undergone a facelift in name only. Maybe now lawmakers will do the right thing and cut strapped borrowers a break.
Dunk City & Dollars: Florida Gulf Coast Bandwagon Means Big Bucks
A nation of fans is currently fascinated with an entire team—Florida Gulf Coast, the first No. 15 seed to ever make it to the Sweet 16 round of the NCAA tournament. And the impact goes well beyond soaring team apparel sales.
What’s the Key to Money Success: Behavior or ‘Mechanics’?
An Ohio school teacher sounds off on blogger’s assertion that personal finance is a waste of time unless it focuses on the psychology of spending.
Communication Breakdown: If You Think You’re Talking About Money, Your Kids Don’t Hear It
Parents and kids can’t seem to agree on whether they are even discussing personal finance, a new survey shows. That’s OK. Actions are what matter.
Expert: Paying Kids Allowance Is ‘Cruelty’
The great allowance debate has reached a new level with financial-education pioneer Lewis Mandell asserting that unconditional weekly payments are so detrimental as to constitute “cruelty”
