Personal Finance

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Retiring soon? Take these steps to ease post-career anxiety Once retirement begins, you’re left to handle the often challenging transition from receiving a regular paycheck to creating your own income stream from retirement assets. It means a shift in mind-set—switching from putting money into retirement accounts to withdrawing money from them. Whether you have two …

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A student rides through the Bridge of Sighs, a passageway connecting two college buildings at Oxford University

Determining the value of a college degree requires some new math: currency conversion. The appeal of not just studying abroad, but getting a degree abroad, seems particularly attractive amid rising U.S. college costs. The average cost to attend a private four-year college in the U.S. is $42,419 for the 2014-15 academic year, according to The …

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Will a virtual visualization make a real difference in the way you manage your portfolio? That’s what Fidelity Investments is betting on with the beta launch of “StockCity,” a virtual reality platform that lets customers zoom through their portfolio as if they were on a helicopter winding around New York City, with stocks depicted as …

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So you’ve finished school, and you have your first real job and a steady paycheck. What now? First things first: Accept that your income likely won’t stretch as far as you want it to. “The biggest problem I see with young adults is them not living within their means,” said Ben Tobias, a certified financial …

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It’s not surprising that 7 million students in the U.S. defaulted on their college loans during the third quarter of 2014, according to the Department of Education. The average amount of loan default per borrower: $14,014. An October report by the Consumer Financial Protection Bureau saw a 38 percent jump in complaints over 2013 from …

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People wait in line to enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, N.Y., Oct. 7, 2014.

In college, English major Michael Greene planned to pursue a career in advertising. He built a portfolio and had several interviews. But when he graduated in 2008, the recession was in full swing. Now, six years later, he’s held a handful of jobs in various fields—telemarketing, office administration and now information technology—but not advertising. While …

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Entrepreneur Kyle Davidson has been on many adventures. But the one that’s been most meaningful came after he left Living Social, an online marketplace that features local deals for its subscribers. Davidson had worked on the company’s adventures team, crafting deals on snowboarding, skiing, rafting, wine tours and other trips. When his job came to …

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It’s “go time” if you’re planning to retire in 2015, or even in the next few years. As millions of baby boomers flip the switch from gainfully employed to living off their savings, the financial decisions they face are countless and complex. They must convert their nest egg into income, for starters, and manage their …

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Ask any college graduate about the skills gap, and chances are you will hear about brilliant classmates who cannot find jobs. But the real skills gap may be elsewhere. Newly released research by Accenture, Burning Glass, and Harvard Business School suggest that employers are having a hard time filling so–called middle skills jobs–those that require …

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A movement that has entrepreneurs from various businesses working desk-to-desk—or cubicle-to- cubicle—in shared office space is transforming the economy. Ask entrepreneur Manick Bahn, who launched the mobile app Rukkus, offering tickets to various events at a discount. His journey to becoming a start-up CEO began in his New York City apartment. “We did that at …

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Today there are more single mothers, female breadwinners and stay-at-home dads than ever before. Many couples are buying homes later, which means they’re often making mortgage payments well into their 50s and 60s. And parents are having children later too. So moms and dads may be facing surging college tuition bills at the same time …

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Students protest the rising costs of student loans in Los Angeles.

For the first time, the average student loan debt has topped $30,000 per graduate in several states. But there are also signs the $1 trillion crisis is easing, according to two reports released Thursday. The Oakland, California-based Institute for College Access and Success (TICAS) says the average for the class of 2013 topped $30,000 in …

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Accelerate deductions, harvest losses and time your investment income if you’re teetering close to the Medicare surtax line. Taxpayers who deploy such year-end planning strategies could significantly lower the 2014 tax bite from Uncle Sam. But they’d better act fast. The deadline for claiming current year deductions, in most cases, is Dec. 31. And it …

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When it comes to positive attributes, Americans think highly of themselves. For example, we tend to think we’re nicer than we are. We also tend to think we’re more attractive than we are. As it turns out, we also tend to think we’re more financially savvy than we are. A whopping 75 percent of American …

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College costs continue to rise, but one segment might not be very worried: 24 percent of millennials said they expect their loans will ultimately be forgiven, according to a study released Wednesday by Junior Achievement and PwC US. That could be a lot of accumulated debt, considering the average amount of cumulative student debt for …