You know you need to protect your accounts and personal information – but what is the best method? Should you use a credit monitoring service or subscribe to identity theft protection instead? What’s the difference between the two methods? Credit monitoring services do exactly what they say they do – monitor activity on your accounts […]
Today’s retirees Opens a New Window. are living longer, enjoying a more active lifestyle, making friends in different social circles, learning new things, pursuing passions, tapping more options to stay “engaged,” and more, says Christine Russell, senior manager of retirement and annuities at TD Ameritrade. “Our surveys show they have a positive outlook overall on […]
U.S. consumer spending rebounded less than expected in January and incomes rose modestly in February, suggesting the economy was fast losing momentum after growth slowed in the fourth quarter. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, edged up 0.1 percent as households cut back […]
A new study has a whole different take on what debt relief means. Getting rid of debt doesn’t just unburden finances, it takes a weight off the mind that clears up cognitive functioning, lessens anxiety and improves impulse control. The findings come from researchers at the National University of Singapore’s Social Service Research Centre, who […]
If you lose your job, face a loss in income, or wind up with a huge bill you didn’t expect, having an emergency fund can help you. In the leanest financial times, having some money set aside could even help you avoid racking up credit-card debt or sidestep foreclosure. But where should you keep your […]
Gov. Phil Murphy on Thursday will sign a bill into law creating an entirely new retirement savings plan for private-sector workers in New Jersey who aren’t able to save through an employer-sponsored 401(k). The Secure Choice Retirement Plan aims at boosting New Jerseyans’ retirement nest eggs by automatically enrolling workers in an IRA that is […]
If you were a government agency that produced a study whose headline result was repeatedly misinterpreted, what would you do when you updated that study? Maybe hold back on the headlines that were misinterpreted? Not if you were the federal Government Accountability Office, which in an update to previous work declared this week that 48% […]
A new report on retirement security from the Government Accountability Office contains what seems like a stunning finding: 48% of older households have “no retirement savings.” By “no retirement savings,” however, the GAO means only that they have no defined contribution plan, that is, an IRA or 401(k). As the report states in the next […]
Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, […]
Start spreading the news: New Yorkers are coughing up the most cash in state income taxes. The Empire State collected $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation. Connecticut was second, at $2,218, followed by Massachusetts’ $2,146. In all, seven states don’t tax […]
I have a few go-to sites when I’m looking for information on products I’m interested in buying, like the Wirecutter, the Strategist and Amazon comments (though you’ll have to be careful there). These are usually adequate choices, but if you’re looking for more varied reviews, an easy way to find them is to type the […]
A variety of well known companies—including Levi Strauss, Uber and Lyft—have plans to go public this year. But if you’re looking to add a few “unicorns” to your portfolio, you should pump the brakes for the time being. “In today’s market, chances are that buying in on a newly public stock could be a losing […]
