Money Mondays

As the TJMS comes to an end, so does Mellody Hobson’s Money Mondays column. Today’s column will be the last. Many thanks to Mellody for helping our listeners over the years make their very best financial decisions with her tips, pointers and advice. Here are 5 of her top tips that should help you live […]

Whether your retirement is two years or 22 years away, Mellody has some info for you. Here’s what she wants each age group from millennials to baby boomers to know. LET’S START WITH THOSE WHO ARE CLOSEST TO RETIREMENT: THE BOOMERS. HOW ARE THEY DOING WHEN IT COMES TO SAVING FOR THE GOLDEN YEARS? Research […]

Money Mondays

As I mentioned two weeks ago, the rest of our Money Monday segments together will be dedicated to retirement. And today, I want to run through the different types of retirement accounts out there. THAT SOUNDS GOOD. LET’S START WITH THOSE AVAILABLE THROUGH EMPLOYERS The retirement account most familiar to Americans is the 401(k). These […]

Life & Style

With unemployment at historic lows, and the stock market at all-time highs consumers are understandably in good cheer and ready to go out and spend some major bucks this holiday season. But for you, the thrill of the deal can quickly turn in to despair over the debt if you go overboard with your holiday […]

Life & Style

WHAT IS CUFFING SEASON AND WHY IS IT HAZARDOUS TO YOUR WEALTH? So I hear everyone’s getting “boo’ed up” because it’s getting cold and the holidays are coming. This usually means everybody stays inside eating too much, so everything starts getting fatter except your bank account. 👀🤷🏽‍♀️🤦🏽‍♀️ it’s happened to me in the past. Tell […]

Life & Style

With the unemployment rate at a 50-year low of 3.5% many Americans are happily back in the workforce. Yet, even when the economy and the markets seem to be doing well it’s still extremely important to ensure that you have multiple streams of income. THE JOB MARKET SEEMS TO BE DOING WELL RIGHT NOW SO WHY IS […]

Life & Style

Why are we in a student loan crisis? Student loans are normal. But normal is not setting college graduates up for success. Instead, it has put us in a student loan crisis. According to the Wall Street Journal, the average college student graduates with $35,000 in student loans, and it’s taking on average 20 years […]

WHAT DO WE NOW KNOW ABOUT INCOME INEQUALITY? Last week, the Census Bureau reported that the gap between the richest and the poorest American households is now larger than it has been in the past 50 years. While we have seen the gap between low-income and high-income households grow in recent decades, based on the […]

WHY IS MILLENNIAL DEBT ON YOUR MIND? Last week, Northwestern Mutual released a report showing that young Americans – particularly millennials – are carrying significantly levels of debt. The data shows many young people have financial burdens that their parents and grandparents did not have, and it is likely to have profound implications for their […]

Money Mondays

Today we are talking about the August jobs report. Why did it catch your eye? What really piqued my interest was what it told us about the economy, Tom. In the Labor Department’s report released Friday, we can really see a tension between the positive and negative factors that are at work in our economy. […]

HURRICANE DORIAN HAS YOUR MIND ON THE FINANCIAL EFFECTS OF NATURAL DISASTERS, IS THAT RIGHT? As Hurricane Dorian – now a Category 5 storm – approaches the southeastern states, I wanted to help our listeners better understand how to prepare themselves and their families financially for a natural disaster. THAT SOUNDS GREAT. LET’S START WITH […]

We heard a lot of talk about bad economic news last week.   “Recession” seemed like the word of the week last week. And it can be a word that causes people a lot of anxiety. This morning, I want to make sure our listeners understand what is going on in the economy, and how to […]