Personal Finance

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People understand the importance of saving for retirement, but their behavior often does not match their intentions. Some 35 percent said they were not increasing their saving because they did not want it to affect their current quality of life, according to a new survey on retirement readiness commissioned by Schwab Retirement Plan Services. And …

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Despite Wednesday’s recovery from steep losses earlier in the week, the major U.S. stock averages are on track for their biggest monthly percentage losses in five years or more. That means your retirement portfolio, your 401(k)s and IRAs, may have lost value as well. But there may be a silver lining to this market slide. …

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Given the chance to save at work for retirement or to save on your own, the right answer might be “both.” Almost three-quarters of workers have access to either an employee-funded or company-funded retirement plan, such as a 401(k) or pension—and of those, 80 percent are participating, according to an August report from the Transamerica …

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Admit it: This market has you rattled. It’s hard to watch swings of several hundred points in a matter of minutes, and hard-to-miss images of dismayed traders aren’t helping either. But if you are thinking about bailing on the market, stop and consider the real consequences. Investors who try to time market highs and lows …

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The global markets rout continues Monday and many benchmark indexes are in correction territory. If you’re watching the indexes, you might be tempted to sell. But financial advisors emphasize that at times like this, it’s important not to panic and to remember that market corrections are a natural part of investing. Over the last five …

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In the midst of some crazy market volatility and worldwide stocks plunging further amid doubts about China, investors are reaching out to their financial advisors for some reassurance. CNBC contacted members of our Financial Advisor Council and we found their clients are asking questions such as: Should we invest more in stocks, now that the …

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Do you know where your money is? Even those consumers meticulous about their budgets could have missing cash lingering in a state property fund.

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Paying off small balances first might be a victory for those in credit card debt—or lead to defeat.

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Do you know how your 401(k) plan picks its funds? The answer may be less straightforward than you think. A forthcoming study in the Journal of Finance found that when 401(k) plan administrators also offer mutual funds—and many do—they “often face conflicting incentives. While they are pressured by plan sponsors to create menus that serve the …

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When it comes to covering college costs, employers offer more help than signing your paycheck. Don’t discount that contribution: Savings and especially parent income account for 32 percent of the average family’s college funding for an undergraduate degree, according to Sallie Mae’s How America Pays for College 2015 report. But don’t stop there. Whether you’re …

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Social Security may be America’s favorite octogenarian. Two out of 3 Americans view Social Security, which turned 80 years old Friday, as one of the most important government programs, according to a new AARP survey. That view has remained consistent in AARP polling since 1995. And 82 percent of Americans said it is important to …

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There are few free lunches in retirement planning. For married couples, a Social Security claiming strategy known as “file and suspend” may be one of them. Here’s how it works: A person files for Social Security retirement benefits at full retirement age, but then suspends payment of them. By filing for benefits, that person’s spouse …

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Are millennials risk-averse? Well, yes and no. “Yes, absolutely,” said Marguerita Cheng, certified financial planner and CEO of Blue Ocean Global Wealth. “I don’t like to generalize, but I have witnessed this firsthand. “Some younger investors … are extremely risk averse because they have seen their parents lose their jobs, lose equity in their homes …

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You would think sharing information about Social Security benefits would be simple. After all, the system is pretty straightforward: You contribute while you work, and after you retire you collect until you die. But when it comes to Social Security, simple is not even in the same room. The Social Security statement people now receive …

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If your Christmas wish list includes a year-end bonus or a salary bump, it’s time to step up—or buckle down. Employers anticipate awarding average pay increases of 3 percent in 2016 for most nonmanagement employees, according to a new survey from benefits consulting firm Towers Watson. That’s the same as was awarded this year, and 2014. …