We frequently hear stories about retiring early, but today Mellody Hobson talks about retiring late. More and more, people are abandoning the dream of playing canasta beachside in favor of staying in the workforce. This is a big change from the past fifty years, when Americans were retiring younger and younger, aided by private pensions […]
It’s been better and it’s been worse. Unemployment is holding at about 7.8 percent. Employment growth is stuck at a slower pace than in any recovery in the past half-century. And although job growth looks like it may be on the upswing, studies find that we don’t just have a jobs deficit—we have a “good […]
A few weeks ago, we talked about the psychology of investing. Turns out that psychology plays a big role not only in investing, but also in how we spend and save, and most importantly, how we end up in debt.
The USDA says grocery prices may rise as much as 4% this year. Last year’s drought led to a grass- and corn-feed shortage, resulting in higher prices for beef, poultry and grain-related products. So unless you plan to stick to that New Year’s resolution to eat just salad and carrots, your grocery bill is going […]
So we avoided the fiscal cliff but there are other things in store for us in 2013 and I want you to be prepared. First of all, certain popular items are going to cost more.
I’m no therapist, but I know money, and it’s really interesting that we can look at people’s behavior patterns and see pretty clearly that psychology plays no small role in people’s investment decisions. The danger is that it can lead to severe missteps that end up costing people countless dollars.
Unlike car insurance, homeowners insurance isn’t required by law, but if you finance your home through a mortgage lender, the lender usually requires it. It protects your home, its contents, and, indirectly, your other assets in the event of fire, theft, accidents or other disasters. Homeowners insurance is like a parachute. Most of the time, […]
With unemployment at 7.8%, most of TJMS listeners have jobs, but that doesn’t mean they’re happy with them. A recent study by UC, Berkley found that only 48% of participants said they were “very satisfied” with their work. That said, that same study also found that people WANT to work. When asked if they had […]
You know those commercials you see that say they help you “get of debt the quick and easy way?” Debt consolidation companies can paint a very rosy picture for people who are struggling to get out of debt. And between credit cards, medical bills, and household expenses, that applies to a lot of Americans. We […]
I know none of us really want to think about our own death; and I’m not the Grim Reaper, but I am here to remind everyone that we’re all going to die someday and I can’t stress enough that if you don't have a solid legal document in place, you could leave behind a big […]
When you’re going through a divorce, your finances could be the last thing on your mind, but the decisions you make now will affect you for a long, long time, so be sure not to rush the process because you’re emotional and just want it to be over. If we played the word-association game with […]
The current unemployment rate is 8.3%. So first, remember that you’re not alone. And when tax time comes around, make sure you take all the possible deductions. If you are looking for a job, you can deduct expenses like resume preparation, headhunters, postage and gas mileage. One critical caveat: You have to keep meticulous records […]
