A few thousand dollars of liquid savings – in this case a federal stimulus payment – can make a profound difference in Americans’ financial well-being.
The bestselling author sits down with AARP CEO Jo Ann Jenkins to discuss managing your money amid COVID-19 at AARP’s next tele-town hall. They’ll talk about federal stimulus payments, unemployment checks and how to safeguard your savings during the pandemic.
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Whom do you turn to when you need advice on managing your personal finances? A family member? A close friend? Or do you have a financial planner on speed dial? When there is mention of a financial planner, people often think it’s a service for the wealthy. It’s time to debunk that myth. Financial…
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Poet and civil rights leader Maya Angelou once said, “Perhaps travel cannot prevent bigotry, but by demonstrating that all peoples cry, laugh, eat, worry, and die, it can introduce the idea that if we try and understand each other, we may even become friends.”
Diane Von Furstenberg Mary Bell Colorblock Wrap Dress
I once had a dirty little secret. No, it wasn’t an online flirtation, a crush on actor Mark Rylance (that’s common knowledge) or a tendency for midnight fridge raids. It was a brief problem with BPSD, aka Binge-and-Purge Shopping Disorder, and it’s why online retailers such as Amazon, Target,…
Piggy bank in debt vice grip
We heard through the grapevine about a boomer couple upset because their son, who graduated from a prestigious college and professional school without loans, was marrying a young lawyer with tens of thousands in educational debt. The parents feared that paying off this financial burden would delay…
"Don't Worry, It Gets Worse: One Twentysomething's (Mostly Failed) Attempts at Adulthood."
They’re back! With costly college diploma in hand, thousands of 20-somethings have returned to the nest. Some will be starting jobs, while others ponder their next move. No matter which category, odds are most parents will provide some financial support to their adult child for a year or two — or…
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Updated May 4, 2015
Savings spelled out with game pieces
For decades, the three-legged stool was the metaphor for funding retirement: Social Security, pensions and savings/investments. Because of the recession and drop in pensions, the stool started to shake. That hasn’t escaped the notice of our adult children as they watch parents head into retirement.
Rainy day savings
While waiting in line last week at Starbucks, I realized that I was the only “guest” ordering black coffee — not a grande, no-foam macchiato concoction — and the only person using cash. The mostly millennial customers were flashing a smartphone app or swiping credit or debit cards.
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