Personal Finance

Is your child college bound? How do you pay for it?

Millions of college-bound high school seniors are receiving college acceptance letters and financial aid award packages this month. Now it’s decision time—not only for the student, but for Mom and Dad too—forcing families to grapple with how to pay for it all. Many parents may be overwhelmed by the cost of college, which has ballooned …

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Girls and money smarts: perfect together. Sure, women make up just 24 percent of workers in so-called STEM fields—those that deal with science, technology, engineering, and math. And women are scarce in the leadership ranks of finance. But when it comes to planning financially for the future, girls are at least as financially savvy as boys. At …

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With the Federal Reserve scaling back its massive bond-buying program, the likelihood of higher interest rates is causing a fair amount of hand-wringing. Many investors have spent a great deal of time agonizing over what rising rates will do to their bond portfolios, but there are many other considerations. That’s because higher rates, financial advisors …

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You buy insurance hoping never to need it. But if you ever did have to file a claim, would you really know what your policy covers and, more importantly, what it doesn’t? Have you even looked at your insurance policy in the last year? Have you ever reviewed the policy? If you had a big …

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For the last 20 years, it didn’t particularly matter whether you owned U.S. bond funds or individual bonds. Fueled by falling interest rates, they both delivered consistent income and a counterbalance to equity market volatility. No wonder the market grew faster than the domestic economy and tripled in size to just under $37 trillion. But …

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More than five years after the financial crisis, many Americans are still wary of Wall Street and unsure about where to safely invest and grow their money. Some are also uncertain about whether they can even trust the banks to properly manage their money. In our ongoing series for Financial Literacy Month, former FDIC Chairwoman …

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The financial services industry has the millennial generation figured out—or so it claims in study after study. It “hears” millennial Americans; it feels their pain. Graduating with high levels of student debt into a troubled labor market, managing day-to-day cash-flow, and making constant trips to the Internet for angst-ridden credit checks define the life of …

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Human resources workers increasingly complain about millennials showing up unprepared or acting unprofessionally at job interviews. And with 44 percent of millennials underemployed, their parents may actually be more to blame than a weak job market. What the millennial generation wants from work Dan Schawbel, founder of Millennial Branding, a Gen Y research and consulting firm, …

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With time running out to file your 2013 tax return, you want to make sure you’re on top of the available deductions to maximize your tax savings. Taxpayers may be aware of numerous tax breaks, but depending on your income, many deductions may no longer be as valuable—or you may be ineligible entirely. Due to …

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Almost 4 million taxpayers are expected to get hit with the Alternative Minimum Tax—the dreaded AMT—on their 2013 tax return. They’ll face a tab of $6,600 on average, according to the Tax Policy Center. Many taxpayers don’t realize that we have a two-tax system in this country—with the regular tax and the AMT—and that taxpayers …

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To have a bright financial future, you need to start focusing on your financial health. April is National Financial Literacy Month and a great time to make this a top priority. Physician, educator and best-selling author Dr. Deepak Chopra says the road to wealth must include a holistic approach to wellness and emotional health. The “secret” to …

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Two kinds of mail are delivered reliably in late spring: income-tax refund checks and college acceptance letters. Unfortunately, what isn’t so reliable is the cost of that four-year education—with college costs continuing to soar year over year, nearly 70 percent of college students carry debt upon graduation. If your child or grandchild will be heading …

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Cleaning up on spring home improvement projects requires more effort than many homeowners anticipate. Remodeling tends to pick up as the weather improves, and this year is no exception. During the second half of 2013, the National Association of Home Builders’ Remodeling Market Index, which measures how busy contractors are, was at its highest level …

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Don’t be surprised if you see fewer steaks on the backyard barbecue this summer. Economists are expecting grocery prices to rise modestly in 2014, following a year in which grocery bills barely budged. That could lead to sticker shock—especially in the meat aisle, where beef prices have reached record highs—and cause shoppers to trade out …

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Faced with rising medical expenses and longer life expectancies, many seniors are turning to their single largest asset as a source of supplemental income: their home. Indeed, reverse mortgages enable seniors who are 62 and older to convert a portion of the equity in their home into cash without having to sell. As the name …