Stern Advice – Where to spend when you’re young and squeezed
NEW YORK, Jan 7 (Reuters) – The most financially challenging
state of life is not retirement, it is early career.
That’s the time when your salary is still probably low, but
you have the longest list of expenses: career clothes, cell
phone bills, your first home furnishings, cars, weddings, rent -
need I go on? You probably don’t have enough money to pay for
all of that at once, unless your parents have set you up very
well or you are a junior investment banker.
Where to spend when you’re young and squeezed
NEW YORK (Reuters) – The most financially challenging state of life is not retirement, it is early career.
That’s the time when your salary is still probably low, but you have the longest list of expenses: career clothes, cell phone bills, your first home furnishings, cars, weddings, rent – need I go on? You probably don’t have enough money to pay for all of that at once, unless your parents have set you up very well or you are a junior investment banker.
Stern Advice – Where to spend when you’re young and squeezed
NEW YORK, Jan 7 (Reuters) – The most financially challenging
state of life is not retirement, it is early career.
That’s the time when your salary is still probably low, but
you have the longest list of expenses: career clothes, cell
phone bills, your first home furnishings, cars, weddings, rent -
need I go on? You probably don’t have enough money to pay for
all of that at once, unless your parents have set you up very
well or you are a junior investment banker.
Act now: Congress delivers a few last minute tax savers
NEW YORK (Reuters) – The U.S. Congress, in its wisdom, waited until the waning weeks of the year to approve some tax breaks that will only be good for 2014.
That means that in some cases, you lost out: it is too late to take advantage of them and you are going to lose them at the end of the year.
Stern Advice-Act now: Congress delivers a few last minute tax savers
NEW YORK, Dec 17 (Reuters) – The U.S. Congress, in its
wisdom, waited until the waning weeks of the year to approve
some tax breaks that will only be good for 2014.
That means that in some cases, you lost out: it is too late
to take advantage of them and you are going to lose them at the
end of the year.
The loss leaders of the investment world
NEW YORK (Reuters) – Every industry has its loss leaders, and the investment world is no different. The theory is that you will go to the store for the $12 turkey and stick around to buy dressing, cranberries, juice, pies and two kinds of potatoes. Mmmm, but I digress.
In the investment world, the role of the cheap turkey is played by broad stock index exchange traded funds. While investment firms say they make money on even low-fee funds, their profit margins on these products have been narrowing.
Stern Advice-The loss leaders of the investment world
NEW YORK, Nov 26 (Reuters) – Every industry has its loss
leaders, and the investment world is no different. The theory is
that you will go to the store for the $12 turkey and stick
around to buy dressing, cranberries, juice, pies and two kinds
of potatoes. Mmmm, but I digress.
In the investment world, the role of the cheap turkey is
played by broad stock index exchange traded funds. While
investment firms say they make money on even low-fee funds,
their profit margins on these products have been narrowing.
How money experts handle their own finances
NEW YORK (Reuters) – We personal finance writers really do eat our own cooking.
I don’t mean that in the metaphorical sense in which it is usually used – the question of whether we follow our own advice is complex. But when 25 of us got together recently for a potluck meal, we found that we all literally ate a lot.
Stern Advice – How money experts handle their own finances
NEW YORK, Nov 12 (Reuters) – We personal finance writers
really do eat our own cooking.
I don’t mean that in the metaphorical sense in which it is
usually used – the question of whether we follow our own advice
is complex. But when 25 of us got together recently for a
potluck meal, we found that we all literally ate a lot.
Retirement withdrawal strategies that can pay off big
NEW YORK (Reuters) – Having your own tax-deferred retirement account is a bit like having one of those self-titrating morphine buttons that hospitals use: Press it whenever you need quick relief.
But once you’re retired and able to tap your 401(k) or individual retirement account (IRA), it’s not easy to titrate your own doses of cash. Withdraw too much, and you use up your nest egg too quickly; too little, and you might unnecessarily crimp your retirement lifestyle.