Sunny summer months make it easy to cut loose. Unfortunately, it can also mean cutting loose financially. Most people derail their finances because they don’t have a set budget for holiday weekends, graduation parties, vacations, barbecues and family gatherings, summer camp, activities with the kids and back-to-school shopping. It’s common to use credit more recklessly
Wealth Management
Hinterhaus Productions | The Image Bank | Getty Images If your employer is giving you ownership shares as part of your pay, you could be accumulating wealth — or you could be ramping up risk. Equity compensation is a way for companies to reward employees who meet certain performance goals and incentivize them to stay.
For identity thieves, kids are the perfect mark. While adults make prime targets for their account balances, a child’s information, particularly their Social Security number, has even more value to scammers because it is a “clean slate” for opening new lines of credit before someone catches on, according to the Identity Theft Resource Center. More
Elisha Bokman Source: Elisha Bokman Elisha Bokman has been out of school for eight years. Still, her student loan balance is half a million dollars. Today, for her doctorate degree in naturopathic medicine and master’s in acupuncture from Bastyr University, she owes $499,322.69. She and her husband struggled to buy a house because of her
Washington D.C. Danita Delimont | Getty Images About 1.3 million Americans could have their retirement funds at risk if Congress can’t come up with the money to pay the benefits people were promised. That is because a number of multiemployer pension plans are on the brink of running out of money. This week, Congress took
Getty Images People starting out their careers in expensive cities are used to sharing apartments. Now, they’re sharing rooms. Carina Zhao lives in a four-bedroom apartment in San Francisco’s Mission District – with five other people. Zhao, 23 and an analyst at Castlight Health, shares a room with her former college roommate. Another pair of
An American flag battered by Hurricane Michael continues to fly in the in the rose colored light of sunset at Shell Point Beach on October 10, 2018 in Crawfordville, Florida.The hurricane hit the Florida Panhandle as a category 4 storm. Mark Wallheiser | Getty Images Natural disasters lead to billions of dollars in property losses.
Ronnie Kaufman | The Image Bank | Getty Images From affordability and mobility to community and culture, there’s a range of factors those approaching their golden years need to take into consideration when deciding whether to retire in place or put down roots in greener — and less stressful — pastures. Bankrate.com has updated its
Planning to reinvest those pesky required withdrawals from your individual retirement account or 401(k) plan because you don’t need the money? Under the Secure Act, a bill pending in Congress right now that aims to improve the nation’s retirement savings, you’d have to start taking withdrawals from your IRA (and most other retirement accounts) at
Joe Raedle | Getty Images If you’re trying to save money, paying a fee on your credit card might seem counterintuitive. However, it may be worth it under the right circumstances. So, how do you figure out if it is the right thing for you? “It really comes down to whether you are matching the