October 21, 2013 0Comment

By Steve Bucci Published October 18, 2013 Bankrate.com Dear Debt Adviser, I have a debt of $50,000 from balance transfers and credit line accounts. If I were to pay just the minimum due every month (which is what I can afford now) how long will it take to clear including 24% interest per year? I really want to clear it fast. -Alicia Dear Alicia, It sounds as though you have been juggling your debts for some time. Balance transfers, teaser interest rates and interest-only payments on lines of credit only serve to put off the day of reckoning. I hope you’ve…

October 21, 2013 0Comment

By Donna Fuscaldo Published October 18, 2013 FOXBusiness REUTERS When it comes to being a successful investor, knowing your risk tolerance is key. Whether you are a risk-taker, more conservative or a mix of both, knowing just how much exposure you are comfortable with is important to avoid becoming beholden to the gyrations of Wall Street. “A lot of people don’t know their risk tolerance at all,” says Jennifer Landon of Journey Financial Services in Idaho Falls. “When the market is going up everyone is thrilled. When the market starts to drop people lose their moxy.” An easy formula to find…

October 9, 2013 0Comment

By Libby Kane Published October 07, 2013 LearnVest ISTOCK With all the planning we need to do for retirement, wouldn’t it be great if we could call up a retirement planner? Unfortunately, “retirement planners” don’t exist. What do exist, however, are certified financial planners,  who can help you with your retirement planning. And they’re happy to share their wisdom. In fact, we picked the brains of two experienced CFPs to find out some of the most common mistakes their clients make—so you don’t have to. Read this and you can check off “Get retirement right!” from your to-do list. 1. Operating…

October 8, 2013 0Comment

  Submitted by Roger Smith If you thought debt is a hindrance to young adults when they’re just about to embark on a career, then debt of any kind would be a hindrance even if you’re to consider retiring with it. In fact, it’s one of the worst ideas possible to retire with debt and that’s essentially the reason why it’s advised to get rid of debt and that too as soon as possible. Now one of the most common forms of debt that are carried into retirement happens to be mortgage debt. In fact, it’s a common tendency to…

October 8, 2013 0Comment

By Casey Dowd The Boomer Published October 03, 2013 FOXBusiness Saving and investing early is an important component of any retirement strategy, but many baby boomers have found themselves playing a game of catch up, and they have a message to younger generations: learn from our mistakes. Whether retirement is right around the corner or far off in the horizon, creating and executing a savings plan is crucial. But it’s also important to review a savings strategy periodically to make sure it still fits under your personal financial circumstances and the current economic climate. ING U.S.’s recent survey, Retirement Income Redefined,highlights some…

October 2, 2013 0Comment

By Adam Levin i Published October 02, 2013 Credit.com Yes, just like clockwork it happened again this year: I got older. As of this week, the Beatles song, “When I’m Sixty-Four,” went from being a hypothetical to a reality for me. This means that next year, I will officially become a senior citizen. It’s a jarring prospect. Like most baby boomers, I don’t feel especially old. We’re the cool ones, the generation that brought America rock ’n’ roll, yoga, and the belief that we can do well by doing good. With good reason, we view ourselves as eternally young, hip and…

October 2, 2013 0Comment

By Donna Fuscaldo Published September 27, 2013 FOXBusiness REUTERS Buying in bulk can be a budget saver or a money drainer. Many consumers automatically think they are saving money when they buy products in large quantities, but that’s not always the case, especially if part of the product goes unused. “People often simply assume that bulk means cheaper. That’s not always the case,” says Kit Yarrow, a consumer psychologist and professor at Golden Gate University. “Sometimes it’s such a tiny difference in price that it’s not worth tying up your money for a whole year’s supply of something in order to…

September 6, 2013 0Comment

By D. Lee Money 101 Published August 30, 2013 Bankrate.com How debt is a downer Debt is a drag. Not only on your credit score, but also on your psyche. It’s a dark cloud that lurks over many corners of life, casting a shadow over your confidence, ambitions and relationships. The stress that comes from debt “may even completely eliminate all the happiness that you can get from spending your money,” says Ryan Howell, associate professor of psychology at San Francisco State University and co-founder of Beyond the Purchase, a website that examines the psychological link between money and happiness. But…

January 9, 2013 0Comment

by Emily Driscoll Money 101 Published January 04, 2013 FOXBusiness REUTERS Although more and more universities are incorporating technology into the classroom, an increasing amount of students are leaving the lecture hall altogether and logging online to get their degree. According to the Center for American Progress, about 10% of students took at least one online course in 2003, growing to 25% in 2008, 30% in fall 2009 and is projected to be 50% in 2014. In a tough job market where upgrading skills has become necessary to building a career path, online courses can make learning more accessible and often more…

January 2, 2013 0Comment

Published December 31, 2012 FoxNews.com Saving for a vacation can be the least fun aspecting to planning a holiday. (iStock) As 2012 draws to a close, now is the perfect time to start thinking about next year’s family vacation. Admittedly, the least fun part of trip-planning is figuring out how you’re going to pay for it. But coming up with some strategies and sticking to them is the best way to make sure 2013 includes your dream trip, whether that means beachcombing on Maui, museum-going in Chicago, or theme park-hopping in Orlando. Saving is a valuable life lesson, say experts, so…