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7 money moves you should make before you turn 25

Even if math isn't your thing, it's important to figure out exactly what you're spending every month.<p>Add up all the money you have coming in -- generally, that's your paycheck. Then subtract what you regularly spend. If you're not disciplined enough to write down all your purchases, ditch the cash …

9 things to know about Social Security as it turns 80

Happy birthday, Social Security!<p>The program was signed into law by FDR 80 years ago Friday. At the time, most people had lost any savings they had during the Great Depression, leaving them with little for retirement. Some companies provided pensions, but they were a rare benefit.<p>The program was …

5 tips for sure-fire retirement income for life

<i>I'm thinking of putting some of my savings into an annuity that can provide me guaranteed retirement income for life. Do you have any suggestions for how to choose the right one? --Robert S., Illinois</i><p>Annuities come in many varieties, each with its pros and cons. But if you want to convert a portion …

10 Job Interview Questions You Should Ask

Many job seekers focus so hard on answering interview questions well that they forget something very important: You are there to <i>ask</i> questions, too.<p>Asking the right questions at an interview is important for two reasons:<p>First, when done correctly, the questions you ask confirm your qualifications as …

Retirement advice from a Boomer to a Millennial

<i>I'm in my early 60s and fortunately will be able to retire soon. But I work with a lot of young people who just don't get how important it is start planning early for retirement. They don't even seem to know where to start. I'd like to help them better prepare -- do you have any advice?--Jeff M.</i><p>I …

Retirement

5 Easy Pieces Of Financial Advice For Baby Boomers

Here are five easy pieces* of advice to improve your baby boomer financial life. By easy I mean the vast beneficial outcome is worth the initial effort.<p>You’re a baby boomer if you were born between 1946 (you’re now 69 or 70) and 1964 (you’re now 51 or 52). The good news? You’re living longer (and …

Betting your retirement savings on stocks

<i>I've earned a 16% annual return the last seven years by investing my entire 401(k) in stocks. Any reason I shouldn't just keep my retirement savings in equities? --Ron R.</i><p>I have no problem with you staying in stocks. The question is, how much of your retirement stash should you keep in stocks?<p>Given …

3 steps to a safer retirement stash

<i>I hear a lot of talk about a possible major market correction. I'm nearing the end of my career and don't want to jeopardize my retirement. What should I do to protect myself? --Dennis M., Philadelphia</i><p>If all you want to do is protect yourself from a market downturn, the answer is simple: Put your …

10 Ways Recent Grads Waste Money

<i>This is half of a two-part series on spending for new college grads. Click here for, “7 Ways Recent Grads Should Spend Their Money“</i><p>This year 2.8 million students will complete college; on top of that another 1 million will finish graduate school. That means nearly 4 million people are or will soon …

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Consumer Protection

How to avoid outliving your retirement savings

<i>I'm trying to figure out how much I can withdraw from savings each year so I won't outlive my nest egg. I've often heard that 4% is the right amount. Is that correct? --Kevin W., Texas</i><p>The 4% figure you mention comes from studies done in the 1990s to identify safe withdrawal rates that resulted in …

In Case Of Emergency, You Need To Save... How Much, Exactly?

What’s the only thing that’s more painful than a trip to an emergency room, a roof leak or a carburetor breakdown? In all likelihood: the bill that follows any of these unexpected events, which can total hundreds and even thousands of dollars. In the case of that leaky roof, for example, you’re …

The 1-Page Financial Plan: 10 Tips for Getting What You Want From Life

Carl Richards is well-acquainted with money-mistakes — not only because of his work as a certified financial planner, but also because of his personal experience.<p>During the last housing bubble, Richards moved to a new city, was swept up by the frothy housing market and bought a $575,000 house — …

Personal Finance

How to improve your credit score -- at any age

Experts will tell you that your age doesn't affect your credit score -- at least not technically. But on a practical level, that "technicality" …

When can employers check your credit?

Your credit history can have a significant impact on things that have nothing to do with loans and credit cards. Companies often request to see your …

How to build your kid’s credit score: Start in elementary school

By Jonnelle Marte<p>Jonnelle Marte<p>Reporter covering personal finance<p>Email Bio Follow<p>Many young people starting work or going to college are pretty clueless about handling money.<p>Chances are that no one taught them that if they pay only the minimum on their credit card, it may take more than a decade to …

High School

CFPB Launches Effort To Bring Financial Education To Schools

While it’s never too late to become financially literate, it certainly helps if you start early. That’s why the Consumer Financial Protection Bureau …

Finally. A credit score for people with no credit

No credit history? No problem!<p>A new credit scoring system aims to help those who have sparse -- or no -- credit history, by taking into account payments like cell phone and cable bills. Until now, those things could hurt your credit, but not help you.<p>Fair Isaac Corp, the company behind FICO credit …

The Power of Compound Interest

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Financial Net Worth