Submitted by Rick Kahler on Mon, 09/22/2014 - 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.
Submitted by Elizabeth Anderson on Wed, 09/10/2014 - 12:00pm
The decisions you make now about where your assets go after your death can affect people’s lives profoundly. This three-part article walks you through some of the basic issues involved with estate planning. This initial part is figuring out how much your estate is worth.
Most people avoid thinking about, let alone planning for, their death. And yet making arrangements can be a liberating experience. Relieving your families of the burden of having to do it for you is also a demonstration of consideration, kindness and love.
Submitted by Cherice Chen on Tue, 08/26/2014 - 3:00pm
What’s on your dream list? A yacht? A Lamborghini? Or a house in a summer resort? Well into your career and financially secure with extra money to spend, you now look for a treat, a reward for all the hard work of your youth. Advisors, however, have some important caveats for you when you plan to make such luxury purchases.
Submitted by David Marotta a... on Tue, 08/26/2014 - 9:00am
Drugs in Canada are cheaper than in America because our neighbors to the north impose price controls on them. Periodically, some U.S. politicians call for a similar system in this country. Bad idea: That would choke off innovation, which occurs here, not in Canada.
The reason Canadians pay less is that U.S. drug makers, who develop the new treatments at great cost, can recoup their money in the American market. Canada gets a free ride when buying our drugs.
Submitted by Liz Niehaus on Wed, 08/13/2014 - 3:00pm
Early summer’s cap and gown now hang in the closet and you just hope your suddenly grown child is ready for real-world financial challenges, from debt to saving for a remote retirement. Now more than ever, you can teach your kid many key money lessons.
Submitted by Mary Beth Storjohann on Mon, 08/11/2014 - 3:00pm
Everyone goes through transitions in life, ready or not. Moving, switching jobs, getting married, having children – each one creates additional financial challenges. Some of life’s changes are foreseeable, while others catch us unprepared. Taking the necessary precautions is key to ensuring your financial stability amid these shifts.
Submitted by H. Jude Boudreaux on Mon, 08/04/2014 - 3:00pm
For all these years I work with families, I notice one characteristic they have in common. When facing financial choices, they too often become paralyzed out of leeriness they will make the wrong ones. The answer is to get a good handle on their financial picture, so they can act.
Don’t get me wrong. They’re incredibly bright, they are achievers for most of their lives, and they have the financial success that they always expected. But these qualities work together to create a storm of fear that prevents them from making decisions and taking steps forward.
Submitted by Mary Beth Storjohann on Wed, 07/30/2014 - 12:00pm
Often in personal finance, you focus on the things you should start doing, without giving consideration to those you need to stop doing. The bad habits you aren’t aware of could get you into financial troubles or off course from your goals. So read on for four bad money habits you should lose.
1. Throwing down your credit card for every purchase. You have every intention to pay off the balance at the end of the month, and you rack up reward points. This is great in theory, but where people get into trouble is using the credit card without tracking.