WEEKLY TIP If you are trying to rebuild or ramp up your retirement savings in your forties or fifties, avoid grasping at straws. Extremely speculative, high-risk investments are often hard to understand and may drastically underperform compared to their hype. RETAIL...
WEEKLY TIP If you are under 35, see if you can save 15% of your salary toward retirement. If your company matches your retirement plan contributions, count the employer match as part of that 15%. HIRING PICKED UP IN THE 3RD QUARTER Employers added 156,000 net new jobs...
WEEKLY TIP Your household may want to budget by the 50/20/30 rule: 50% of take-home pay assigned to fixed monthly costs, 20% to saving/investing, and 30% to flexible consumer expenses. HURRICANES HURT SEPTEMBER JOB NUMBERS For the first time in seven years, the...
WEEKLY TIP Some pension plans let retirees choose between smaller lifelong income payments or a large lump sum. If one or both spouses are in line to receive pensions, a couple should at least explore some of the possibilities for lump sum investment. NO ADVANCE IN...
WEEKLY TIP When a grandparent, relative or friend of the family pays for a child’s medical expenses that are not covered by insurance, direct payments to doctors for such costs are not considered gifts to the child and do not count against the annual gift tax...
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