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. …
Financial Planning
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.
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.
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.
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”
Why We’re So Irrational When It Comes to Tax Refunds
Think about it: A tax refund is just that — a refund of your own hard-earned money. It’s not a gift or a stroke of good fortune. The problem is that most people don’t look at tax refunds this way.
Workers Who Delay Retirement May Be Happiest
Once a radical view, working longer as a means to health and happiness is the new reality for many.
Coming Soon: New Standards for Teaching Kids about Money
In coming weeks and months, a new comprehensive set of guidelines for what kids should know about money–and when–will land in your school district.
Dow Jones Closes at Record High — So What?
For all the headlines to the Dow Jones Industrial Average’s new record, you’d think it was a big deal. But experts say it’s time to curb the enthusiasm.
How to Master the Allowance Question and Prepaid Cards in One Shot
Virtual family banking site FamZoo has introduced a prepaid card that actually makes sense–for kids and parents.
Bold New Rule: Students in the U.K. Must Study Personal Finance
Dozens of countries, including the U.S., are searching for ways to raise the financial I.Q. of their citizens. But only a handful have taken the bold step of making personal finance a high school requirement. Here’s why the U.S. needs to move faster.