In the past, individuals entering retirement could reasonably rely on a number of potential sources for the steady income needed to maintain a decent standard of living in the golden years. Today, the landscape has changed drastically.
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When children go away to college these days, they often carry two “essentials” that weren’t available to prior generations: personal computers and credit cards. According to Nellie Mae, the national student-loan financing corporation, 83 percent of undergraduate students have at least one credit card, and the average balance owed is $2,327.
A secure, comfortable retirement is everyone’s dream. However, planning for retirement now can be tricky as we are living longer, healthier lives.
NEW YORK — Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.
Abraham Lincoln once said, “If I had six days to chop down a tree, I’d spend five of them sharpening my ax.” What Lincoln meant by that remark is that sometimes, planning for an event can take longer than the event itself. This is particularly true when it comes to planning for a secure financial future.
While many business owners are getting back in the saddle after the great recession crumbled the economy, others are facing another kind of hurdle: getting out of the business.
Like defined contribution plans, defined benefit plans are a tax-deductible (and tax-deferred) way to save for retirement. But unlike their defined contribution counterparts, which limit the total amount of contributions that can be made to no more than $46,000, defined benefit plans can allow you to contribute significantly more.
As the summer comes to an end and we head into the fall, a parallel can be drawn between the seasons of weather and the seasons of money. Approaching your finances with these four seasons in mind can help to keep you on track toward reaching your long-term financial goals.
With so many different types of investments available today, there are plenty of opportunities available to properly diversify your money. So how do you diversify for today’s market place? Here are general guidelines to follow… the five “D”s of diversification.
NEW YORK (AP) — Is it time to cash out of stocks?
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