Robert Powell | MarketWatch Owning an IRA is one thing. Knowing the rules about IRAs is entirely different. And not knowing those rules can cost you dearly. “IRAs are extremely complicated and it’s relatively easy for the average IRA account owner, and their financial adviser for that matter, to make simple, but very costly mistakes,” [...]
Karen Cheney | Money Not so long ago debt “was a four-letter word when spoken in the same breath as “retirement.” Before waltzing into their golden years, older Americans paid off their loans, then celebrated by burning the mortgage. How things have changed! Now a third of folks 65 and older have a mortgage vs. [...]
Make sure your retirement plan includes these sources of income Emily Brandon | U.S. News and World Report Workers tend to get the bulk of their income from a single job. In retirement, you’re much more likely to have a variety of sources of income, including Social Security, a 401(k) or IRA, and other savings [...]
Walter Updegrave | Money Why do I need my savings to last to age 100 if my average life span is much shorter? — Mike Johnson, Fairfield, Ohio In “The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty,” Stanford management-science professor Sam Savage illustrates the folly of planning using averages by [...]
Katherine Lewis | Bankrate.com Money: The root of good and evil Money is infamous for becoming a sore point in a relationship — and with good reason. Money means more to us than just dollars and cents. It can signify security, freedom, love, spontaneity. Investing that money — for our retirement, children’s future or other [...]
Jennifer Openshaw | MarketWatch As big banks have been hammered over the past couple of years, many consumers have turned to credit unions and community banks as alternatives. Why? Mainly because they were financially healthier, not to mention more focused on customer service. During a recent trip to Washington, D.C., I had the opportunity to [...]
Mikal E. Belicove | Entrepreneur Magazine Knowing what customers find important and how they want to interact with a brand is important to any business’s success. A new study encourages brands to take note of what consumers think is necessary in order to improve a product or service and then make the changes that will satisfy shoppers. [...]
Emily Brandon | U.S. News & World Report LP There are many things that could go wrong with your retirement plan. You could develop a health problem, lose money on your investments, or simply watch inflation slowly reduce what your savings can buy. A recent Society of Actuaries survey of individuals ages 45 to 80 [...]
Donna Rosato | CNNMoney.com To have the retirement you want now, you may have to tap a little more of your earning power — and tap into your spirit of adventure. Here are 6 ways to make it happen. How to turn assets into income Stingy stock returns are threatening to upend the standard rule [...]
Gregg Fairbrothers | U.S. News & World Report LP Gregg Fairbrothers is an adjunct professor of Business Administration at Dartmouth’s Tuck School of Business and founding director of the Dartmouth Entrepreneurial Network. My co-author in another opinion column, Catalina Gorla, wrote me in an E-mail Wednesday: I was reading today about this angel fund that [...]
