Under-saved boomers have long believed that a tremendous generational transfer of wealth will save their retirement. Estimates have put the expected bequest from boomer parents at $10 trillion to $30 trillion. Well, don’t count on it.
Planning
How to Give Heirs What They Most Want (It Won’t Cost Much)
An enduring legacy of the financial crisis has been a clear shift in personal values—away from materialism and toward relationships and experiences. Born out of need, this national (if not global) rethinking of what is most important has had remarkable staying power even as the economy has started to improve.
5 Things You Didn’t Know About Travel Insurance
Hundreds of thousands of fans from around the world are expected to visit London for the Olympic Games this summer, and it’s a guarantee that some of them will get sick right before their trip, have their luggage lost or have a …
How to Buy a House
Does Financial Education Work? Clinton Global Initiative and PwC Bet $160 Million That It Does
The financial literacy movement is getting a valuable boost. At the second gathering of the Clinton Global Initiative America, which runs today and Friday in Chicago, the accounting giant PwC will unveil a $160 million campaign …
How to Dump Your Fee-Filled 401(k)
401(k) fees are back in the news. These plans still make sense for many workers, especially if there is a company match. But it’s tough to make the case for sticking around once you retire or find another job. Here are four ways to treat your 401(k) assets.
Charitable Giving: How Companies Are Doing More With Less
Corporate charitable giving is down. But three trends are making it easier for individuals to get the most out of their employer when it comes to personal philanthropy.
Car Shoppers’ Decisions Most Influenced by … Person Trying to Sell Them Cars?
When figuring out which car to buy, consumers consult the advice of family and friends, as well as shopping guides from Consumer Reports and the like. But the info that’s most influential in the buying decision tends to come from an individual who has obvious self-interest in how that decision plays out.
5 Ways to Avoid Hidden 401(k) Fees
A new report says that investors lose up to 30% of their savings to hidden 401(k) fees. That’s probably a stretch. But outlandish fees are a definite problem. Here’s how you can avoid them.
6 Steps for Building a Financial Plan for Aging Parents
In this week’s TIME Magazine cover story, columnist Joe Klein tells his story of caring for, and eventually losing, his elderly parents. The article is powerful in part because it deals with an issue that — if we’re lucky — most of us will face.
Students Lose When Financial Aid Goes Onto Fee-Laden Debit Cards
Thought the student loan crisis was bad as it is? Now add hefty fees into that mix. Providers say students can avoid the fees that pile up when they elect to receive their financial aid on a debit card, but new research from a consumer advocacy group finds that these companies throw up roadblocks to keep the fee revenue rolling in, even …
Woman With Asperger’s Dodges Bullet on Nearly $340,000 in Student Loans
A bankruptcy judge has ruled in favor of a Maryland resident who claimed she could not repay her student loans because her Asperger’s syndrome prevents her from holding a job.