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3 Financial Lessons Hacking Scandals Have Taught Us

Sensitive information is apparently hard to keep that way these days. It seems as if there's a new hacking scandal every few weeks, leading folks to …

Credit Cards

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 …

Personal Finance

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 …

Retirement

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 …

Retirement

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 …

Retirement

3 Steps to Get Your Financial Life on Track

As most everyone understands in theory, it is smart to be prepared for anything in life -- whether it occurs personally, financially or …

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 …

Retirement

Hallelujah! 5 Ways to Get Your FICO Score for Free

Do you know your FICO score? If you don't, you are not alone. For many years, this critical data about you was largely behind a pay wall. But that is …

Personal Finance
Retirement

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 …

Personal Finance

Consumer.gov

What's the Economic Value of a College Major?

<i>By Chris Taylor</i><p>NEW YORK -- With university tuition and student debt at record highs, many people wonder if it's worth it to go to college.<p>But …

College & University

We Need to Talk About Credit Card Debt

Americans are embarrassed by their credit card debt but don't like to talk about it.<p>In a national survey, 42.4 percent of Americans reported having …

Personal Finance

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 …

Retirement

10 Terrible Loans You Should Consider Only as a Last Resort

We've all been taught that most types of debt are bad news. But some loans are such egregiously awful financial instruments, we think they deserve …

What Is Your Spending Personality?

Just as your personality influences the way you act, your spending personality can tell you a lot about why your finances are in their current …

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 …

Personal Finance

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

Why You Need to Know Your Net Worth

You need to know your net worth. I'm not talking about calculating your net worth every week with the changing fluctuations in the stock market. But, …

Personal Finance

The Pros and Cons of a Credit Union Versus a Bank

If you’re tired of shelling out money to pay fees at the ATM or for your savings account, then you might be on the hunt for a new bank. If that’s the …

Why You Shouldn't Dump Your Brick-and-Mortar Bank

Banking is now a hermit's dream. If you want, you can bank and never encounter a human being.<p>Even if you don't join an online bank, you can easily …

Banking

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

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 pay off the balance and that interest charges could more than double what they …

Education

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 …

Personal Finance

The Power of Compound Interest

Financial Net Worth