Why I Gave Up on Airline Frequent-Flier Credit Cards

I’m a recovering frequent flier and hotel frequent stayer junkie. My United and Delta credit cards added to my flights and hotel stays. Over the decades, my wife and I have had many free vacations (air, hotel, car) in places such as Australia, Hong Kong and Hawaii. I’ve even had a nice Caribbean cruise. But those days are over and here’s why, as well as what I think is a better way. First, it’s important to point out that I use …

Building Financial Resilience for the Future

Hispanic Heritage Month is a great time not only to recognize and celebrate the contributions of Hispanics and Latino Americans, but also to reevaluate what it will take to prepare for financial resilience in the future. It’s an opportunity for individuals, families and communities to develop actionable strategies to achieve financial freedom. Don’t spend your hard-earned cash on these 10 money-wasters » Develop goals and assess finances Today is the first day of the rest of your financial future. One of the first things …

What You Can Expect When the Fed Raises Rates

Federal Reserve policymakers will meet next week to decide whether to raise a key interest rate. If they do, it’ll be the first time since June 2006. To put that in perspective, the New York Times notes that back then, Facebook was still mostly for college students and its competitor, MySpace (remember MySpace?), had 10 times as many users. If policymakers nudge this rate up, it could have a ripple effect on the pocketbooks of consumers. Many experts predict, though, …

Reframing the Social Security Decision

When should you begin taking Social Security benefits? That was a question asked of AARP.org visitors and registered website users . Less than 19 percent selected age 70, though that’s exactly what I tell the vast majority of my clients to do. Most object to my recommendation until I frame the decision in a different way, which is that they can spend money now and still let it grow. Take this recent case, for example. Kate is 66 and is …

Regrets? Older Workers Have a Few

Which would you rather have: a job that offers a 401(k) or one that doesn’t have a retirement plan but comes with a higher salary? If you’re like most pre-retirees ages 55 to 65, you’re more than five times as likely to choose the 401(k). That’s one of the findings of the third annual survey by American Century Investments, a Missouri-based money manager that polled more than 2,000 workers ages 25 to 65 about saving, retirement and regrets. When the …