Damircudic | Getty Images Headed to college? It’s time to open a student bank account. “Having a bank account is one of the most important first financial literacy steps a person takes,” said Matt Rosenberg, a CPA and member of the American Institute of CPAs’ Financial Literacy Commission. Whether your scholar is moving away for
Wealth Management
Image Source | Getty Images Retirement has been on your mind. You’ve been thinking about the right time to finally leave your job, and what the next chapter of your life will be like. Then the trade war between the world’s two largest economies heated up. Your savings went down. And people started talking about
An employee works on a display ahead of Black Friday at a Walmart store in Chicago, November 20, 2018. Kamil Krzaczynski | Reuters It’s time to shop — not only for back to school, but for Christmas. President Donald Trump’s latest threat to slap elevated tariffs on a widening selection of Chinese products could mean
Getty Images The wealth gap between baby boomers and millennials has become a gulf. Back in 1998, the average household aged 52 to 70 years had a net worth of $747,600, while households in the 20 to 35 age bracket had an average net worth of $103,400, according to a MagnifyMoney analysis of Federal Reserve
Once you’re in your 50s and the end of full-time work is no longer a distant concept, it’s a good time to get serious about planning for the next chapter of life. Whether you intend to entirely leave the work force at some point or keep a foot in it, financial advisors say there are
Darby S | Twenty20 Cribs. Toothbrushes. Milk. Thousands of household products could get more expensive, thanks to the newest round of tariffs the U.S. plans to slap on goods from China next month. “This is a really, really tragic situation for consumers who are living paycheck to paycheck,” said Jack Gillis, a spokesman for the
Jonathan Shepherd knew his spending and money habits were out of control. What he needed was a plan. “I was going through a pretty strenuous situation, financially,” Shepherd said. The Maryland physician and child psychiatrist not only wanted to set aside money for his future, he also had to save a set amount of each
It’s not necessarily easy to move up in the workplace. At the same time, wading through all the advice on how to do it can be just as daunting. However, according to former Yum Brands CEO David Novak, there are four key things you need to do to be successful. And the more success you
Feeling nervous about Monday’s stock market drop and considering a move to cash until you think the worst is past? Think twice. While it’s impossible to predict what stocks will do next, various research shows that missing out on the best-performing days in the market — regardless of when the bad days are — can
Thanagon Karaket / EyeEm | EyeEm | Getty Images Recession is probably a word you haven’t heard in a while, at least not in the present tense. Yet economic experts fret that one could be coming. And how fast that becomes a reality depends in part on U.S. trade negotiations with China. A global recession