September 9, 2015 Ralph Smith 0Comment

By Matthew Morrow Published September 04, 2015 FOXBusiness Facebook17 Twitter22 livefyre3 Email Print  (REUTERS) With the incredible volatility in the stock markets lately, one might wonder what each trading day may bring, and what to buy or sell. This week has been volatile as well, but not quite as erratic as the last. We experienced an up day on Monday, followed by a deep plunge on Tuesday. A rebound occurred on Wednesday, then a flattish day on Thursday. And Friday, the major averages were under pressure after an August jobs number miss. So, what is an investor to do? Many…

April 17, 2015 Ralph Smith 0Comment

By Casey Dowd The Boomer Published April 10, 2015 FOXBusiness You have saved and planned and are looking forward to retirement. And now comes the million-dollar question: Where should I retire? Deciding where to retire might be simple, but no location fits every dream. According to a recent Bankrate.com report, Wyoming is the best state for retirement. Bankrate ranked all 50 states based on cost of living, taxes, health-care quality, crime rate, well-being and climate. “Deciding where to live in the golden years is still a very personal decision,” said Bankrate.com research and statistics analyst Chris Kahn. “This list is…

February 24, 2015 Ralph Smith 0Comment

By Dave Ramsey Dave Says Published February 20, 2015 FOXBusiness Dear Dave, I’m 30 and debt-free. Do you think I should stop making contributions to my 401(k) account for a year in order to save up an emergency fund? Beth Dear Beth, Yes, I do. But it shouldn’t take you a year to set aside anemergency fund if you’re debt-free and making decent money at your job. Just make it part of your monthly budget plan, grit your teeth and do it! I recommend that people put off or stop investing until they are debt-free, except for their home, and…

February 10, 2015 Ralph Smith 0Comment

By Dave Ramsey Dave Says Published February 04, 2015 FOXBusiness Dear Dave, I’m debt-free except for my home, and I’ll have that paid off in about 12 months. I currently make $60,000 a year and live in an area of Florida that is designated a flood plain, because a river that empties into Tampa Bay runs behind my home. Currently, I’m paying $1,070 a month for flood insurance. My house is worth $325,000, and water has only come up into the yard twice in over 20 years. Since I’m doing pretty well financially, do you think I need to keep…

October 16, 2014 Ralph Smith 0Comment

Claiming your social security benefits may seem like a straightforward thing. You reach your retirement age, you file and then shortly thereafter you start getting monthly checks, right? Well, think again. With more than 8,000 ways a married couple can file for benefits, countless people are leaving thousands of dollars on the table because of avoidable mistakes. “Over 60% of American households rely on social security for more than 75% of their income so getting it right is really important for a lot of people,” says Kelly O’Donnell, executive vice president at Financial Engines, the investment advisory company. “The challenge is it’s…

August 25, 2014 0Comment

Reuters These days it seems everyone is offering financial advice, whether it’s a self-proclaimed expert on Twitter or a well-meaning but misinformed friend. While a good nugget can help you keep more money in your pocket, bad advice can leave you digging out of a financial hole. Here are some signs that a piece of financial advice should be considered with caution, if not ignored. 1. The advice is confusing. Always have a clear understanding of what you’re doing before making a financial move, says Thomas Nitzsche, a spokesman for ClearPoint Credit Counseling Solutions in Atlanta. Too many people come…

August 1, 2014 0Comment

Health care is one of the biggest expenses in retirement and also the most unpredictable, which makes planning for it difficult. With life expectancy continuing to increase, the likelihood that you’ll need some form of long-term care is also on the rise. “If you make it to 65, there’s a 70% chance you’ll need long term care,” says Brad Bernstein, senior vice president at UBS. “Unfortunately, not all Americans can afford long-term care insurance.” There are savings options when it comes to putting away money to protect against future illness. From taking out the right insurance policy, to relying on…

June 10, 2014 0Comment

By Amanda Walker Published June 06, 2014 Consumer Reports GPOINT STUDIO If you’re looking for a new swimsuit or summer sports gear to take advantage of the warm weather, you can find deep discounts on them in June. Time to spruce up your indoor living spaces? Look for great deals on furniture and carpets. Just in time to record your famiy’s summer vacation, camcorders will be marketed down this month. If you need to find gifts for June brides and grooms, pots, pans, and dishware will be deply discounted. Small consumer electronics such as Blu-ray players, home theaters, and streaming media…

April 7, 2014 0Comment

By Andrea Murad Published April 02, 2014 FOXBusiness GPOINT STUDIO Budgeting isn’t easy for anyone, and it can be hard to identify areas to cut back on, but even small adjustments can lead to big savings over time. “The budget is not there to control you, but it’s you taking control of your spending habits,” says certified public accountant Ernest Almonte, chair of the National CPA Financial Literacy Commission. “It’s you personally making the decision where you want to spend your money– the budget just helps us get it done without putting ourselves in financial trouble.” To help identify areas to…

March 17, 2014 0Comment

By Kathryn Buschman Vasel Money Tree Published March 12, 2014 FOXBusiness If you haven’t started the process of filing your taxes yet, here’s some good news: experts say it’s not time to panic — yet. “At this point, it’s not crisis time since some brokerage firms are still sending out forms. Paperwork is still dribbling out,” says Cynthia Jeanguenat, enrolled agent and owner of Horizons Unlimited Tax & Business Services. But come April 1, if you need to hire a professional to help file your return, you may be out of luck. “If you call after that date, chances are places…