Maskot | Maskot | Getty Images It’s an email every financial advisor should expect to receive at least once. Financial advisor Charles Failla recalls receiving an email from a client asking for about $5,000. She was vacationing in the Caribbean and claimed the hotel where she was staying didn’t accept credit cards. “She needed cash,”
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andresr | E+ | Getty Images If you’ve been eyeing a designer handbag or expensive mattress, you may be able to buy it guilt-free. Experts agree there are times when it pays to spend more money on certain items, instead of going for the cheapest option. Sam Dogen, founder of the personal finance website FinancialSamurai.com,
JPMorgan Chase is trying to make it harder for its credit card customers to sue the bank in court by requiring them to go into private arbitration to settle disputes. The opportunity for JPMorgan Chase credit cardholders to opt out of binding arbitration expires in a month. The bank notified customers in May that their
Cancer can take a significant toll on your health, your work, your family – and, increasingly, your wallet. There are currently an estimated 16.9 million people in the U.S. who have received a cancer diagnosis. For them, the disease comes with many disproportionate hardships, from the physical and the emotional to the financial. Not only
The name Beyond Meat has been on investors’ lips since the company’s successful May initial public offering. But one investor in Beyond Meat, non-profit financial services firm ImpactAssets, bet on the company six years ago, long before the company became a household name. And that investment has helped boost the firm’s charitable assets. ImpactAssets’ initial
Getty Images If you’ve been racking your brain about where to retire on a budget, it might be time to think outside the U.S. A new report by International Living, which publishes information about living abroad, lists destinations where you can coast on less than $30,000 a year. To be sure, retiring in a new
aldomurillo | E+ | Getty Images Before you head to the beach, use this tax-advantaged account to stock up on summer necessities. Flexible spending accounts allow workers to sock away cash on a pretax basis into a savings account. You can take tax-free distributions from your FSA as long as the money goes toward qualified
Nakhorn Yuangkratoke / EyeEm | EyeEm | Getty Images It was fun while it lasted. Only recently have savers reaped the benefits of higher deposit rates — the annual percentage yield banks pay consumers on their money — after they hovered near rock bottom for years. Since the Federal Reserve raised the federal funds rate
If you’ve been paying attention to the 2020 presidential race, you’ve likely heard where many candidates stand on Medicare. Yet another topic — Social Security — has been thus far been largely absent from the debate. Americans rely on Social Security benefits for income in retirement, in the event they are disabled and to help
Phoenix Wang | Moment | Getty Images When it comes to retirement savings, many Americans miss the mark. On average, Americans believe they need $1.7 million to retire, according to a recent survey from Charles Schwab, which looked at 1,000 401(k) plan participants nationwide. In fact, “that’s a pretty good number if you average out