Here’s The Only Retirement Risk That Really Matters To You

Chances are at some point in your retirement saving (or spending) life you’ve been asked a question or two about your appetite for risk. For a while, back in the era of Modern Portfolio Theory, the whole concept of “risk” and the investor was the cat’s pajamas. In the old days they even had entire questionnaires designed to extract this …

How Would You Do In A Financial Olympics?

Watching the payoff of so much training in the Olympics can be a motivator for our own achievements. While you won’t be winning medals for your financial accomplishments, you could gain something arguably even more valuable: financial security and independence for you and your family. Still, it helps to have more concrete goals to measure your progress against so here …

Top 10 Most Common Financial Mistakes

Here we’ll take a look at some of the most common financial mistakes that often lead people to major economic hardship. Even if you’re already facing financial difficulties, steering clear of these mistakes could be the key to survival. 1. Excessive and Frivolous Spending Great fortunes are often lost one dollar at a time. It may not seem like a …

Preparing for Your First Day Back at the Office

After the mass exodus from the land of cubicles in 2020, millions are returning to offices in 2021. For those who have relished their commute-free lifestyle, there’s a feeling of dread and a hope for negotiating a permanent remote (or at least hybrid) arrangement. For others who have found working from home challenging, there’s anticipation but still a twinge of …

Will That College Degree Pay Off?

Most four-year degrees pay off by paving the way for graduates to recoup the cost of their education relatively quickly, a new analysis finds. But that’s particularly true for some programs, while others may offer little economic advantage over a high school diploma. Illustration by Till Lauer The findings are part of a report on some 38,000 post-high school degree …

America Is Not Great When It Comes To Money. Here’s A Two-Pronged Approach To Fix That

There has been a steep decline in financial literacy in recent years in regard to more complex topics, including inflation, financial risk and mortgages rates. The nation has seemingly backtracked, as 8% fewer Americans surveyed by the FINRA Investor Education Foundation could correctly answer most questions on important financial topics in 2018 than in 2009 — 34% versus 42%, respectively. …

The 3 Phases of Making a Major Life Change

Many of us believe that unexpected events or shocks create fertile conditions for major life and career changes by sparking us to reflect about our desires and priorities. That holds true for the coronavirus pandemic. A bit over a year ago, when I asked people in an online poll to tell me how the pandemic had affected their plans for …

What Are The 3 Most Important Ways To Avoid Stock Market Mayhem?

John F. Wasik, Contributor Aug. 6, 2021 I can’t tell you how many times I’ve been asked to predict the stock market. My reply is always the same: It will go up and down, crash, then go up again. Of course, I have no idea when any of these movements will occur. On any given day, you roll the dice. …

Jobs Surge in July Offers Fresh Sign of Economic Recovery

The American economy roared into midsummer with a strong gain in hiring, overcoming trouble in matching workers with openings, as the recovery appeared to take firmer hold. Employers added 943,000 jobs in July, the Labor Department reported Friday, with restaurants and bars leading the way. It was the best monthly performance in nearly a year, and it was accompanied by …

This Is Why Compound Interest Is More Valuable Than Ever Before

The wealthy have always been the ones to enjoy the lion’s share of compound interest, which is why they often grow their wealth exponentially. But there’s no reason it has to stay that way. iStock-1081381272.jpg With new scientific breakthroughs that mean we’ll live a lot longer, anyone now has the chance to get rich — albeit, slowly — using compound interest. First, …