Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered from the recession’s blows, according to a survey by personal finance website Bankrate.com. “There are
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Ken Fisher Crystal Mercedes | CNBC After a rough week, billionaire money manger Ken Fisher is apologizing. Fisher, who is best known to a broad audience for his distinctive TV ads, was accused in a viral tweet (well, as viral as a tweet in the financial advisor community can go) of making sexist comments while
People waited patiently to be among the first to get into the Second Presbyterian Church sale in June. Jill Cornfield | CNBC If you love yard sales as much as you love bargain travel, there’s one Midwestern metropolis that’s a perfect match for you. Indianapolis, population 820,000 or so, boasts a number of the usual
Matt Bird | Corbis | Getty Images Where is the future of financial advice headed? The answers always seem fraught with risk and uncertainty. While the bull market in stocks has gone a long way to helping the advice industry recover from the reputational fallout of the financial crisis, technology, demographics and regulatory confusion continue
Finding the right advisor to help with your financial needs and goals can be complicated. There are so many factors to assess. Many advisors will use a high asset under management as a selling point metric when marketing themselves to potential investors. However, AUM isn’t the whole story when a potential client is determining which
Squaredpixels | Getty Images It’s official: Your Social Security checks will get a modest increase next year. The Social Security Administration announced on Thursday that the cost-of-living adjustment for 2020 will be 1.6%. That number is less than what retirees have received in recent years. In 2019, they got a 2.8% bump, while in 2018
Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden reacts during a campaign Community Event at Keene State College in Keene, New Hampshire, U.S., August 24, 2019. Elizabeth Frantz | REUTERS Democratic presidential candidate Joe Biden released his higher education plan on Tuesday, proposing to make two-year community colleges and other training programs
Hero Images | Hero Images | Getty Images If you’re still working well into your 60s, odds are you’re doing so to bolster your finances. More than 6 out of 10 people polled by Provision Living said that they’re working into retirement purely for financial reasons. The company, a provider of senior living communities, surveyed
When things go sideways, as they inevitably will, you’ll need cash. That’s what the rainy day fund — aka the emergency fund, savings pool or cash stash — is all about. Generally, the rule of thumb is three to six months’ expenses. Some experts even recommend tucking away even more. Is that even possible? Less
Hero Images | Getty Images If you’re looking to get engaged, take heart: You might not have to shell out a lot for that bling. That’s according to a recent survey from TD Ameritrade, which found that the traditional rule that an engagement ring should cost three months’ salary could be going by the wayside.