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Creative Destruction Investing

Submitted by Lewis J. Walker on Monday, October 27, 2014 - 9:00am

Every time the market swoons, as it has recently, there is a lot of handwringing, as if the natural order has disintegrated. What we are seeing is a process called “creative destruction,” and it is healthy.

The junk bond crash of the early 1990s, the tech wreck of the late 1990s, the housing bust of the last decade – all were necessary weeding out of economic structures that had outlived their usefulness.

Save or Pay Student Loans?

Submitted by Tony Perillo on Wednesday, October 22, 2014 - 3:00pm

If you recently graduated from college and landed a good job, congratulations. You may face a dilemma: Begin saving for your future or pay off student debt now?

Of course, avoid missing payments on your loans and at least meet your monthly minimums. The big question depends on whether your income exceeds your monthly expenses (including your minimum payments). How do you best put that money to work?

Young and Burdened by Debt

Submitted by David Geracioti on Wednesday, October 1, 2014 - 3:00pm

Today’s college grads carry unprecedented amounts of debt. How should they deal with it? Here are some strategies.

The problem sneaks up on many young borrowers. Wall Street Journal reporter Veronica Dahger, moderator of a panel of advisors, noted that a lot college grads will wake up to discover that they are burdened by an “overwhelming amount of debt.”

Talking Money With Honey

Submitted by Larry Light on Saturday, September 27, 2014 - 12:00pm

One of the most ticklish situations in a marriage is dealing with money – often because couples don’t talk about it, or if they do, not well. Advisors explored this fraught subject at National Financial Advisor Week.

“Being compatible romantically does not mean being compatible financially,” said Hilary Hendershott, on a panel of advisors that dug into the issue.

Improving Your Credit Score

Submitted by Sophia Bera on Friday, October 3, 2014 - 12:00pm

Your credit score is like the GPA of your finances. To get better financial options in the future, you should know your credit score and how you can improve it if necessary.

Your credit score plays a role in almost every financial aspect of your life. Banks check your credit score to determine whether or not to approve you for credit and how much you pay in interest charges. Your landlord may ask for your credit score for your lease application, and more and more employers are interested in it as a way to measure how responsible you are.

Couples Merging Finances

Submitted by Kimberly J. Howard on Friday, September 26, 2014 - 12:00pm

When a couple weds, each in the new pair often feels pressure to marry individual finances together as well. Smart financial planning actually dictates that you don’t have to – and in many cases shouldn’t – put all your money into a single, joint account. You can enjoy both cooperation and autonomy in your financial marriage.

Families and College Costs

Submitted by Joseph A. Clark on Thursday, August 28, 2014 - 3:00pm

Planning to afford increasingly costly higher education should be a family affair. Together, parents and their high school-age youngsters must figure out ahead of time how to find the money and spend it. This can be a tricky proposition.

Now is a good point to start thinking about this. Summer is passing by and once again, students are headed back to class. Some teens change buildings, some finish their high school careers and all face big questions about their future.

The Feel-Good Shopper

Submitted by Rick Kahler on Thursday, September 25, 2014 - 12:00pm

While shopping can make you happy for a while, it has the potential to hurt your financial future in the long run. What is ominous is that half of Americans shop to feel better.

“It’s not just shopping, it’s retail therapy.” As a bumper sticker or a joke between friends, this may be amusing. But if shopping is a significant way to relieve stress, the expression isn’t so funny.

Dating Money Talk

Submitted by Rick Kahler on Monday, September 22, 2014 - 12:00pm

One of the challenges at the beginning of a romantic relationship is having the conversation about money. What questions are OK to ask, and when? How do you bring the subject up without seeming like a braggart, a coldhearted miser, or someone looking for a meal ticket?

There really ought to be some rules of etiquette for exploring this essential topic; something like, “by the third date, it’s appropriate to start undressing financially.” Unfortunately, we don’t have such guidelines.

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